October 15, 2008
Basilea’s Toctino(R) (Alitretinoin) Receives Marketing Authorization in Finland
Basilea Pharmaceutica Ltd. announces that Toctino(R) (alitretinoin), a new once-daily oral treatment for adults with severe chronic hand eczema (CHE) unresponsive to potent topical corticosteroids, has been approved by Finland's National Agency for Medicines (NAM).
Following the recommendation for regulatory approval under the European decentralized procedure, Toctino(R) received national regulatory approval in Finland. Following the regulatory approval of Toctino(R) in Finland, Basilea will submit a pricing and reimbursement dossier to the Finnish authorities.
About chronic hand eczema
Hand eczema is a common inflammatory skin disease and is often chronic and relapsing. It is one of the most common occupational skin diseases and a frequent reason for patients to consult a dermatologist. Hand eczema is reported to affect up to ten percent of the general population. The more severe, chronic form of the condition is thought to affect five to seven percent of these patients. CHE causes significant economic and occupational burden with total costs alone in Europe estimated to eleven billion Euro per year. The most important patient burden is impaired use of the hands and a considerable impact on patients' quality of life.
About Toctino(R) (alitretinoin)
Toctino(R) (alitretinoin) was developed by Basilea Pharmaceutica International Ltd.
The NAM approved Toctino(R) for the use in adults who have severe CHE that is unresponsive to treatment with potent topical corticosteroids.
Patients whose CHE is predominantly characterized by fissured, thick scaly skin are more likely to respond than those in whom the eczema is mainly characterized by blisters.
Toctino(R) (alitretinoin) is a convenient once-daily capsule to be taken with food. The recommended starting dose is 30 mg in most patients and a treatment course lasts up to 24 weeks depending on response.
Alitretinoin belongs to the well studied family of retinoids. All retinoids are teratogens. Therefore pregnancy is a contraindication to alitretinoin therapy and strict pregnancy prevention measures must be in place for all women of child-bearing potential who receive alitretinoin. A comprehensive pregnancy prevention program has been developed and implemented. In clinical trials alitretinoin was well tolerated and has a safety profile overall consistent with the retinoid class. Side effects were generally dose-dependent and reversible.
Basilea Pharmaceutica Ltd. is headquartered in Basel, Switzerland, and listed on the SWX Swiss Exchange (SWX: BSLN). Basilea's integrated research and development operations are currently focused on new antibacterial and antifungal agents to fight drug resistance and on the development of dermatology drugs. Basilea's products are targeted to satisfy high medical and patient needs in the hospital and specialty care setting. The company owns a diversified portfolio including two commercialized drugs (alitretinoin, ceftobiprole) and one investigational drug (isavuconazole) in phase-III. Alitretinoin (Toctino(R)) is marketed in the United Kingdom and Denmark and is approved in Germany and Finland. Alitretinoin has been recommended for approval in seven additional EU Member States. Alitretinoin is under regulatory review in Canada and Switzerland. Ceftobiprole is marketed in Canada and is under review by regulatory authorities in the U.S., the EU, in Switzerland and in several other countries. The company has set up commercial organizations in UK, Denmark and in Germany while it is building sales and marketing organizations to commercialize alitretinoin and to co-promote ceftobiprole in North America and in other European countries, subject to approval.
This communication expressly or implicitly contains certain forward-looking statements concerning Basilea Pharmaceutica Ltd. and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of Basilea Pharmaceutica Ltd. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Basilea Pharmaceutica Ltd. is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
For further information, please contact:
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SOURCE: Basilea Pharmaceutica AG