GERMANTOWN, Md., Nov. 6 /PRNewswire-FirstCall/ -- MiddleBrook Pharmaceuticals, Inc. (Nasdaq: MBRK), a pharmaceutical company focused on developing and commercializing novel anti-infective products, today announced that three patents protecting Moxatag (amoxicillin extended-release) Tablets, 775mg, were listed in the FDA Orange Book on Oct. 24, 2008, pursuant to Section 4 of Public Law No. 110-379, which was enacted on Oct. 8, 2008.
MiddleBrook President & CEO John Thievon said, "Public Law No. 110-379
provides important incentives for drug developers to innovate in the
antibiotic arena. MiddleBrook has already made progress in this therapeutic
class with Moxatag, the first and only FDA-approved once-daily amoxicillin.
We believe that Moxatag addresses significant unmet needs in the antibiotic
therapeutic area through patient convenience and a lower overall dose."
MiddleBrook Pharmaceuticals Reports Inducement Grants
Under NASDAQ Marketplace Rule 4350 MiddleBrook Pharmaceuticals also announced today that on Oct. 31, 2008,
it granted options to purchase 584,000 shares of MiddleBrook's common stock
to four (4) new employees as a material inducement for them to join
MiddleBrook. The options were granted pursuant to NASDAQ Marketplace Rule
4350(i)(1)(A)(iv) and under MiddleBrook's New Hire Stock Incentive Plan,
which was approved by MiddleBrook's Board of Directors on Sept. 26, 2008.
The options have a per share exercise price equal to the closing price of
MiddleBrook's common stock on the NASDAQ Global Market on the day
immediately preceding the grant date, a ten-year term and vesting over four
years, with 25 percent of the options vesting one year from the grant date
and 1/48th of the opti
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| SOURCE MiddleBrook Pharmaceuticals, Inc. Copyright©2008 PR Newswire. All rights reserved |