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Frost & Sullivan Lauds OVATION Pharmaceuticals for Its Business Model and Ability to Sustain Growth
Date:3/4/2009

treating patients with cocaine and methamphetamine dependence where there continues to be a significant unmet need for effective pharmacological therapy.

Having overcome solubility issues plaguing others attempting to bring to market an intravenous (IV) reformulation of the oral antiepileptic carbamazepine, OVATION's IV carbamazepine has advanced into phase III clinical trials. As a cornerstone therapy for those who experience partial seizures, an IV formulation of this antiepileptic is in high demand by neurologists wishing to keep patients, who are temporarily unable to receive oral carbamazepine, stabilized on the drug at their usual dosage until they are able to resume oral administration.

In recognition of the company's high degree of focus, compelling business model, and ability to sustain growth, Frost & Sullivan is pleased to present OVATION Pharmaceuticals with the 2009 Pharmaceuticals and Biotechnology Entrepreneurial Company of the Year Award.

Each year, Frost & Sullivan presents this award to a small, emerging technology company with a vision that has enabled it to nurture the development of a key technology, and also allowed it to grow despite the inherent odds confronting small companies. This award recognizes the company's identification of a unique or bold product or service solution with significant market potential, and then successfully meeting the challenges that are associated with bringing it to market.

Frost & Sullivan's Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the indust
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