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Imprimis Pharmaceuticals Inc. Announces Shift in Strategic Direction
Date:11/6/2013

ing resultsUrologyPatients with Peyronie's Disease 

Injectable Pentoxifyline Solution 

$500 M

POC studies in first half 2014; pursue commercialization strategy pending resultsPainRenal-Compromised Patients with Osteoarthritis, Joint Pain, or Inflammation

Impracor 

10% Ketoprofen Cream

$500 M

POC studies in select patient populations in 2014; begin out-licensing to pharmacies pending outcome of resultsSeelhorst continued, "Because of the near-term opportunities in the Ophthalmology therapy area, Imprimis has already begun to build a world-class commercialization team to execute in this specialized market. This team brings a wealth of experience from giants in the industry in developing and commercializing ophthalmic drugs." 

Imprimis' new strategy will be supported by clinical data to either support a 505(b)(2) development program or to give sufficient clinical confidence to a prescribing physician that their patients will benefit from the proposed therapy choice.  To support these clinical-development efforts, Imprimis has hired a Clinical Project Manager to develop and execute proof-of-concept studies for its ophthalmic, wound management and urology products.

As part of Imprimis' shift in strategic direction, Imprimis plans to consider alternative commercialization pathways for Impracor, which may include an improvement of its formulation and the licensing of such a formulation to a network of partner pharmacies.  As a result of careful consideration of the totality circumstances surrounding Impracor, the current Impracor Phase 3 clinical program has been discontinued.

With the adoption of Imprimis' new strategic initiatives, projected cash burn is expected to decrease by more than $7.5 million over the next 12 months as compared with its previous estimates.
"We believe that our reduced burn rate and the near term commercialization of some of our key
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SOURCE Imprimis Pharmaceuticals
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