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Egalet Announces Financing to Fund Abuse-Deterrent Medications
Date:9/12/2013

l formulations of commonly prescribed opioids in development for the treatment of moderate to severe pain.  Egalet-001 and Egalet 002, if approved, could fill significant unmet needs in the marketplace.

"With these funds we will be able to begin our pivotal studies for Egalet 001 in the first quarter of 2014," said Bob Radie, Egalet's president and chief executive officer.  "We plan to submit a new drug application, or NDA, to the U.S. Food and Drug Administration, or FDA, in the fourth quarter of 2014."

About Egalet Ltd.

Egalet Ltd. is a specialty pharmaceutical company developing and planning to commercialize proprietary, abuse-deterrent oral products for the treatment of pain and other indications.  The company has created two distinct drug delivery systems, each with novel abuse-deterrent features and the ability to control the release profile of the active pharmaceutical ingredient.  Using its proprietary platform, Egalet  has developed a pipeline of clinical-stage, opioid-based product candidates in tablet form that are specifically designed to deter abuse by physical and chemical tampering while also providing tailored release of the active pharmaceutical ingredient.  The Egalet technology can be applied broadly across different classes of pharmaceutical products and can be used to develop combination products that include multiple APIs with similar or different release profiles.   The company's goal is to be a leading specialty pharmaceutical company focused on the development, manufacture and commercialization of abuse-deterrent pharmaceutical products.  Please visit www.egalet.com for more information.

Contact:
E. Blair Clark-Schoeb
Tel.: 917-432-9275
Email: blair@biotechcomm.com


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