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Neura Therapeutik and AIT Laboratories Partner to Promote Pain Products
Date:9/6/2012

PRINCETON, N.J. and INDIANAPOLIS, Sept. 6, 2012 /PRNewswire/ -- Neura Therapeutik and AIT Laboratories have formed a strategic partnership to explore the possibility of co-promoting current and future analgesic products to pain specialty physicians. Under the terms of the agreement, Neura would support AIT's national sales force with its established commercial drug and development infrastructure.

In a 2011 report issued by Research and Markets, it is estimated that the U.S. market for pain management therapeutics will generate more than $40 billion annually and is expected to grow to $60 billion by 2015. This market includes treatments for a wide range of conditions including postoperative pain, cancer, arthritis, migraines and back pain. "Entering into this strategic partnership allows AIT to complement our existing laboratory testing and is consistent with AIT's position as a healthcare company offering healthcare practitioners options to help them treat patients with chronic pain," said AIT President and CEO Ron Thieme, Ph.D. AIT Laboratories is a national healthcare company specializing in compliance monitoring, forensics and clinical testing.

Neura Therapeutik is a pain specialty company led by a management team with years of experience in the analgesic market that has successfully launched blockbuster drugs such as Duragesic® and Vicodin ES®. "We are very excited about the collaboration with AIT and are confident that the efforts of their sales force will strengthen the position of our analgesic product portfolio," said Neura Therapeutik CEO '/>"/>

SOURCE AIT Laboratories
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