NOVATO, Calif., July 16 /PRNewswire-FirstCall/ -- Raptor Pharmaceuticals Corp. (“Raptor” or the “Company”) , today announced that Patrice P. Rioux, M.D., Ph.D., Raptor’s Chief Medical Officer, will present an update on the Company’s ongoing Phase 2b study of delayed-release cysteamine bitartrate (“DR Cysteamine”) for the potential treatment of cystinosis, and its plans for further clinical development of the product candidate, at the Cystinosis Research Network (“CRN”) Family Conference, taking place July 16-18, 2009 in Atlanta, GA.
DR Cysteamine is Raptor’s proprietary, enteric-coated micro-bead formulation of cysteamine bitartrate contained in a gelatin capsule and designed for improved absorption, less frequent dosing and improved tolerability relative to the current standard of care. Published studies have shown that fewer than 25% of patients taking immediate-release cysteamine bitartrate are fully-compliant due to a strict every-six hour dosing schedule and dose-limiting side effects, including gastrointestinal (“GI”) problems such as stomach aches, nausea and vomiting.
About Cystinosis Research Network
Raptor Pharmaceuticals Corp. (“Raptor”) is dedicated to speeding the delivery of new treatment options to patients by working to improve existing therapeutics through the application of highly specialized drug targeting platforms and formulation expertise. Raptor focuses on underserved patient populations where it can have the greatest potential impact. Raptor currently has product candidates in clinical development to treat nephropathic cystinosis, non-alcoholic steatohepatitis (“NASH”), Huntington’s Disease (“HD”), and aldehyde dehydrogenase (“ALDH2") deficiency.
This document contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future results of operation or future financial performance, including, but not limited to the following statements: that the Phase 2b study of DR Cysteamine will be fully enrolled; that data from the Phase 2b clinical trial of DR Cysteamine will be positive; that DR Cysteamine can positively impact the long-term health of cystinosis patients; that DR Cysteamine; and that any of the Company’s clinical and preclinical drug candidates will result in approved therapeutics. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause the Company’s actual results to be materially different from these forward-looking statements. Factors which may significantly change or prevent the Company’s forward looking statements from fruition include that Raptor may be unsuccessful in developing any products or acquiring products; that Raptor’s technology may not be validated as it progresses further and its methods may not be accepted by the scientific community; that Raptor is unable to retain or attract key employees whose knowledge is essential to the development of its products; that unforeseen scientific difficulties develop with the Company’s process; that Raptor’s patents are not sufficient to protect essential aspects of its technology; that competitors may invent better technology; that Raptor’s products may not work as well as hoped or worse, that the Company’s products may harm recipients; and that Raptor may not be able to raise sufficient funds for development or working capital. As well, Raptor’s products may never develop into useful products and even if they do, they may not be approved for sale to the public. Raptor cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date they were made. Certain of these risks, uncertainties, and other factors are described in greater detail in the Company’s filings from time to time with the Securities and Exchange Commission (the “SEC”), which Raptor strongly urges you to read and consider, including its Registration Statement on Form S-1, as amended, that was declared effective on August 7, 2008; its annual report on Form 10-K filed with the SEC on October 30, 2008, as amended by that Form 10-K/A filed with the SEC on December 23, 2008; and its Form 10-Q filed with the SEC on July 15, 2009, all of which are available free of charge on the SEC’s web site at http://www.sec.gov. Subsequent written and oral forward-looking statements attributable to Raptor or to persons acting on its behalf are expressly qualified in their entirety by the cautionary statements set forth in the Company’s reports filed with the SEC. Raptor expressly disclaims any intent or obligation to update any forward-looking statements.
SOURCE Raptor Pharmaceuticals Corp.
CONTACT: Karl Cahill, Investor Relations, Raptor Pharmaceuticals Corp.,
+1-858-531-6100, kcahill@raptorpharma.com; or Investors, Sara Ephraim
Pellegrino, +1-646-536-7002, spellegrino@theruthgroup.com; or Media, Janine
McCargo, +1-646-536-7033, jmccargo@theruthgroup.com, both of The Ruth Group
Web site: http://www.raptorpharma.com/
