Acrux Limited and Organon to Develop Contraceptive Sprays
“We are delighted and proud that Organon, with its renowned experience and expertise in contraception, has recognised the benefits that our innovative technology can provide,” said Acrux CEO Richard Treagus. “We are looking forward to working closely with Organon to realise the commercial potential in this large market.”
Organon’s executive vice president, Research and Development, David Nicholson, commented: “Organon recognises the importance of contraceptive choice and offers one of the most comprehensive portfolios of effective, innovative and appealing methods available. This collaboration with Acrux is part of our strategy to vigorously pursue alternative options to extend choices even further.”
Under the agreement, Organon has licensed Acrux’s technology for use with selected contraceptive compounds. Acrux will be responsible for developing formulations of such contraceptive compounds and upon successful completion of this program, Organon will undertake and fund all clinical trials, regulatory submissions, manufacturing and marketing.
For each contraceptive compound that Organon selects to develop, Acrux may receive payments totalling between US$12 million and US$16 million as development and regulatory milestones are achieved. Acrux will also earn royalties on worldwide sales of each product.
Acrux is free to develop and commercialise sprays containing other contraceptive compounds, including Nestorone®, which it is currently advancing through clinical trials.
Worldwide sales of hormonal contraceptive products in 2006 were approximately US$6.7 billion. The availability of a broad range of effective, safe and appealing contraceptive products is viewed as one of the most important issues in contraception. This enables women to choose the method most appropriate to their needs and lifestyle.
About Acrux - www.acrux.com.au
Acrux is an Australian drug delivery company, developing and commercialising a range of patient-preferred, patented pharmaceutical products for global markets, using its innovative technology to administer drugs through the skin. Fast-drying, invisible sprays or liquids provide a delivery platform with low or no skin irritation, superior cosmetic acceptability and simple, accurate and flexible dosing. The technology platform is covered by broad and well-differentiated, issued patents.
Acrux’s products in clinical development include:
Acrux has licensed worldwide rights for certain MDTS® contraceptives to Organon, USA rights for Estradiol MDTS® and Testosterone MDTS® to VIVUS and AUS/NZ distribution rights for Testosterone MDTS® and Fentanyl UDTS™ to CSL Limited. Acrux has also licensed its technology to Eli Lilly and Company for veterinary healthcare products.
About Organon – www.organon.com
Organon creates, manufactures and markets innovative prescription medicines that improve the health and quality of human life. Through a combination of innovation and business partnerships, Organon seeks to leverage its position as a leading biopharmaceutical company in each of its core therapeutic fields: fertility, gynecology and selected areas of anesthesia. It has extensive expertise in neuroscience and a rich and focused R&D program. Research areas also include immunology and specific areas of oncology. Organon products are distributed in over 100 countries worldwide, of which more than 50 have an Organon subsidiary. Organon is the human healthcare business unit of Akzo Nobel.
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Acrux:
In Australia: Richard Treagus, +61 3 8379 0100/ +61 417 520 509 Acrux CEO richard.treagus@acrux.com.au
or
In the U.S. Pagano& Co. PR Christina Pagano, 212-213-2851/646-382-3871 paganopr@aol.com
or
Organon: Monique Mols, +31 (0)412-665440 Director Media Relations monique.mols@organon.com