DUBLIN, Ireland and TREVOSE, Pa., May 16, 2017 (GLOBE NEWSWIRE) -- Strongbridge Biopharma plc, (Nasdaq:SBBP), a global commercial-stage biopharmaceutical company focused on the development and commercialization of therapies for rare diseases with significant unmet needs, today provided a corporate update and reported first quarter 2017 financial results.
“We recently initiated our commercial introduction of KEVEYIS® (dichlorphenamide), the first and only FDA approved treatment for Primary Periodic Paralysis (PPP), an ultra-rare, genetic, debilitating neuromuscular disease. We are focused on meeting the needs of patients and the broader PPP community by enabling access to treatment and providing comprehensive patient and physician support services. Although it is still early in our launch rollout, it is clear that the unmet need in the PPP market is significant, and we are pleased with the interest in, and demand for, KEVEYIS,” said Matthew Pauls, president and chief executive officer of Strongbridge Biopharma. “Simultaneously, we have maintained our strong focus on driving the clinical development of RECORLEV™ (levoketoconazole), our Phase 3 product candidate for the treatment of endogenous Cushing’s syndrome (CS). Enrollment in the Phase 3 SONICS study is on track for completion in the second quarter, and enrollment in the LOGICS study will begin on schedule by mid-year. The need for a safe and effective, next-generation cortisol inhibitor in the treatment of CS is substantial, and we are excited about the potential to become a leader in the growing CS market in the near term,” Pauls added.
“We recently initiated our commercial introduction of KEVEYIS® (dichlorphenamide), the first and only FDA approved treatment for Primary Periodic Paralysis (PPP), an ultra-rare, genetic, debilitating neuromuscular disease. We are focused on meeting the needs of patients and the broader PPP community by enabling access to treatment and providing comprehensive patient and physician support services. Although it is still early in our launch rollout, it is clear that the unmet need in the PPP market is significant, and we are pleased with the interest in, and demand for, KEVEYIS,” said Matthew Pauls, president and chief executive officer of Strongbridge Biopharma. “Simultaneously, we have maintained our strong focus on driving the clinical development of RECORLEV™ (levoketoconazole), our Phase 3 product candidate for the treatment of endogenous Cushing’s syndrome (CS). Enrollment in the Phase 3 SONICS study is on track for completion in the second quarter, and enrollment in the LOGICS study will begin on schedule by mid-year. The need for a safe and effective, next-generation cortisol inhibitor in the treatment of CS is substantial, and we are excited about the potential to become a leader in the growing CS market in the near term,” Pauls added.
