Medivation Receives Corporate Achievement Award From Huntington’s Disease Society of America
SAN FRANCISCO, Oct. 16 /PRNewswire-FirstCall/ — Medivation, Inc. today announced that it will receive a Corporate Achievement Award from the Huntington’s Disease Society of America (HDSA), which honors those companies that exemplify leadership in the fight against Huntington’s disease and other neurodegenerative diseases. David Hung, M.D., president and chief executive officer of Medivation, will accept the award during the 12th Annual Guthrie Awards Dinner on Thursday, October 16, at the Waldorf Astoria in New York.
“We are honored to be recognized by the HDSA for our efforts to develop a treatment for Huntington’s disease. We are committed to bringing Dimebon to market so patients can gain access to a drug that could truly improve how they, and their families, live with this terrible debilitating disease,” said Dr. Hung. “We are encouraged by our Phase 2 trial findings, which, we believe, showed Dimebon to be the first investigational drug to demonstrate a significant benefit in any measure of cognitive function in patients with mild-to-moderate Huntington’s disease in a well-controlled study.”
Medivation is developing Dimebon, an orally available small molecule, to treat patients with mild-to-moderate Huntington’s disease. The Company recently announced that it plans to continue further development of the drug with its new development partner Pfizer based on positive results seen in a Phase 2 trial. In addition, Medivation is evaluating Dimebon in a pivotal and confirmatory Phase 3 trial in patients with Alzheimer’s disease.
About Huntington’s Disease
Huntington’s disease is a progressive, neurodegenerative disease that affects 30,000 patients in the U.S., with another 150,000 at risk. It is caused by the death of specific brain cells and is characterized by the gradual development of involuntary muscle movements, progressive deterioration of cognitive processes and memory (dementia), and severe behavioral disturbances.
About HDSA
HDSA is a national non-profit organization dedicated to improving the lives of people with Huntington’s disease and their families. HDSA supports research to eradicate Huntington’s disease and assists people and families affected by Huntington’s disease.
About Medivation
Medivation, Inc. is a biopharmaceutical company focused on the rapid development of novel small molecule drugs to treat serious diseases for which there are limited treatment options. Medivation aims to transform the treatment of these diseases and offer hope to critically ill patients and their caregivers. The Company’s current clinical development program includes a pivotal and confirmatory Phase 3 trial of Dimebon in Alzheimer’s disease and a Phase 1-2 clinical trial of MDV3100 in patients with castration-resistant (also known as hormone-refractory) prostate cancer. In September 2008, Medivation entered into a global agreement with Pfizer Inc to develop and commercialize Dimebon for the treatment of Alzheimer’s and Huntington’s diseases. For more information, please visit us at http://www.medivation.com/.
This press release contains forward-looking statements, including statements regarding future clinical development plans, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause Medivation’s actual results to differ significantly from those projected, including, without limitation, risks related to progress, timing and results of Medivation’s clinical trials, difficulties or delays in obtaining regulatory approval, enrollment of patients in Medivation’s clinical trials, partnering of Medivation’s product candidates, manufacturing of Medivation’s product candidates, competition with Medivation’s product candidates should they receive marketing approval, the adequacy of Medivation’s financial resources, unanticipated expenditures or liabilities, intellectual property matters, and other risks detailed in Medivation’s filings with the Securities and Exchange Commission, including its quarterly report on Form 10-Q filed August 11, 2008 with the SEC. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. Medivation disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this press release.
Medivation, Inc.
CONTACT: Patrick Machado, Chief Financial Officer of Medivation, Inc.,+1-415-829-4101; or Daryl Messinger of WeissComm Partners, +1-415-999-2361,for Medivation, Inc.
Web site: http://www.medivation.com/