Schering-Plough Corporation Enters Licensing Agreement To Market Prescription MiraLAX(R) Over-The-Counter
"The Rx-to-OTC switch of MiraLAX offers millions of sufferers an innovative new, alternative for relief of constipation, which until now has been available only by prescription," said Jack A. DiPalma, M.D., immediate past president of the American College of Gastroenterology. As a prescription product, MiraLAX offered break-through treatment of constipation. When used as directed, it now provides this proven efficacy without a prescription, effectively treating constipation with no harsh side effects."
"We are pleased to have the opportunity to launch MiraLAX as an over-the- counter product," said Stan Barshay, chairman of Schering-Plough Consumer HealthCare Products. "Schering-Plough is an industry leader in switching products from prescription to non-prescription status."
The division's portfolio of switched products includes CORICIDIN®, AFRIN®, TINACTIN®, LOTRIMIN®, DRIXORAL® and most recently, the switch of CLARITIN® 24-hour, non-drowsy allergy products, which has surpassed the $1.5 billion mark in cumulative U.S. OTC sales since launch.
MiraLAX is the first Rx-to-OTC switch in the laxative category in over 30 years. As the latest innovation in the OTC laxative category, MiraLAX will pioneer a new class of over-the-counter laxatives known as hyperosmotics. Unlike stimulant laxatives, MiraLAX works with your body's natural rhythm in a unique, four-way mode of action. The benefit of this unique mode of action is that it results in effective, predictable relief of constipation without harsh side effects.
MiraLAX will be available nationally, shipping to drug stores, grocery stores, and mass merchandisers beginning in February 2007.
About Schering-Plough Consumer Health Care
Schering-Plough Consumer Health Care is the U.S. over-the-counter (OTC) and consumer products business unit of Schering-Plough Corporation (NYSE: SGP - News) a global science-based health care company with leading prescription, consumer and animal health products. Through internal research and collaborations with partners, Schering-Plough discovers, develops, manufactures and markets advanced drug therapies to meet important medical needs. Schering-Plough's vision is to earn the trust of the physicians, patients and customers served by its more than 32,000 people around the world. The company is based in Kenilworth, N.J., and its Web site is www.schering-plough.com .
SCHERING-PLOUGH DISCLOSURE NOTICE: The information in this press release includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the potential market for MiraLAX. Forward-looking statements relate to expectations or forecasts of future events. Schering-Plough does not assume the obligation to update any forward-looking statement. Many factors could cause actual results to differ materially from Schering-Plough's forward-looking statements, including market forces, economic factors, product availability, patent and other intellectual property protection, current and future branded, generic or over-the-counter competition, the regulatory process, and any developments following regulatory approval, among other uncertainties. For further details about these and other factors that may impact the forward-looking statements, see Schering-Plough's Securities and Exchange Commission filings, including Item 1A. Risk Factors in the Company's second quarter 2006 10-Q.
(i) JMS: Constipation Drug Therapy Uses 2003
Source: Schering-Plough Corporation