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Belrose Pharma Acquires Enzon's Advanced Drug Formulation Technology and Clinical Assets as Foundation for Driving Development of More Effective Injectable and Sustained Release Therapies
Date:6/19/2013

Since FDA approval of the first PEGylated product, Adagen® (PEG-bovine adenosine deaminase) in 1990, cumulative worldwide revenue of all PEGylated pharmaceutical products  has exceeded $20 billion.  PEGylation has been validated for compounds including enzymes, peptides, small molecules and antibody fragments, with the chemical attachment of polyethylene glycol (PEG) used to improve those compounds' half lives and toxicity profiles, among other patient benefits achieved by maximizing the inherent biological activity of the native molecules.

About Belrose Pharma Inc.

Belrose Pharma Inc. (Princeton, NJ) is a specialty pharmaceutical company that operates two related businesses: (a) advancing development of internal clinical and pre-clinical compounds, and (b) product development for third party customers seeking to improve both early clinical and mid-lifecycle products using a range of  technologies including Customized Linker Technology®. Belrose combines a new senior commercial management team with a core technical team previously involved in development and commercialization efforts using customized PEGylation linker technologies.  Further information about Belrose can be found on the Company's website at www.belrosepharma.com.

Note to Media and Investors

Belrose Pharma has been formed by new investors to develop pharmaceutical products with technologies and clinical programs acquired from Enzon Pharmaceuticals and others.  The Belrose Pharma investors have no substantive relationship to any major equity or debt holder in Enzon Pharmaceuticals. Enzon Pharmaceuticals also does not have any equity ownership in Belrose Pharma.

Partnering Contact:

Michael King

Chief Commercial Officer

(609) 454-2989

michael.kin
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SOURCE Belrose Pharma Inc.
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