Toronto Stock Exchange Symbol: DND
MISSISSAUGA, ON, Feb. 11 /PRNewswire-FirstCall/ - Cipher Pharmaceuticals Inc. (TSX: DND) today announced that the U.S. Food and Drug Administration (FDA) has suggested an additional statistical sensitivity analysis of existing clinical data on CIP-TRAMADOL ER, Cipher's extended-release tramadol formulation, as a means to potentially satisfy the requirements for approval.
In December 2007, Cipher appealed the decision in the Agency's May 2007 Approvable Letter through the Formal Dispute Resolution process. On February 1, 2008, the Company announced that it received a written response from the FDA regarding its first stage of appeal. In the response, the Acting Director of the Office of Drug Evaluation II, Center for Drug Evaluation and Research supported the Division's approvable action. In a subsequent discussion with Cipher, the Agency informed Cipher of the new analysis as an alternative to continuing the Formal Dispute Resolution process.
As a consequence, Cipher is suspending its appeal at this time and expects to meet with the Division in the near future to obtain further details on the additional analysis.
About Cipher Pharmaceuticals Inc.
Cipher Pharmaceuticals is a drug development company focused on
commercializing novel formulations of successful, currently marketed
molecules using advanced drug delivery technologies. Cipher's strategy is
to in-license products that incorporate proven drug delivery technologies
and advance them through the clinical development and regulatory approval
stages, after which the products are out-licensed to international
partners. Because Cipher's products are based on proven technology
platforms applied to currently marketed drugs, they are expected to have
lower approval risk, shorter development timelines and significantly lower
development costs. The Company's lead compound, CIP-FENOFIBRATE, received
final approval from the U.S. Fo
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