ISTA Pharmaceuticals,
Inc. (Nasdaq: ISTA), today announced highly statistically significant
results from its initial analysis of the Company's U.S. Phase III clinical
trials of Xibrom(TM) (bromfenac sodium ophthalmic solution) once-daily
formulation. The multi-center studies evaluated Xibrom once-daily
formulation versus placebo in over 500 patients who underwent cataract
surgery. The preliminary results of the Xibrom Phase III trials
demonstrated Xibrom was highly statistically significant in treating
post-operative ocular pain and inflammation associated with cataract
surgery. Based upon preliminary analyses, the safety profile is consistent
with the currently marketed Xibrom formulation. The Xibrom once-daily
formulation contains both a higher concentration of the active ingredient,
bromfenac, and a new formulation compared to the original twice-daily
product. If FDA-approved, this Xibrom formulation will provide patients
with the most significant improvement to date in treating ocular pain and
inflammation associated with cataract surgery, as it will be the only
available once-a-day treatment.
Based upon the preliminary results of the studies and pending final
analyses, ISTA plans to file a supplemental New Drug Application (sNDA)
with the U.S. Food & Drug Administration in the second half of 2007 for the
Xibrom once-daily formulation for the treatment of ocular pain and
inflammation associated with cataract surgery.
"We believe these data represent the successful achievement of our
efforts to improve upon Xibrom, our flagship product. The once-daily
formulation will provide the most potent and conveniently dosed ophthalmic
NSAID to patients undergoing cataract surgery. As studies show time and
again, less-frequent dosing improves patient compliance, and we believe
patients will benefit significantly should Xibrom once-daily receive FDA
approval," stated Vicente Anido, Jr., Ph.D., ISTA's President and Chief
Executive Officer. "We plan to complete our analysis of the Phase III data
and announce detailed final results from these studies in a peer-reviewed
forum."
Xibrom(TM) (bromfenac)
Xibrom is a topical non-steroidal anti-inflammatory compound for the
treatment of ocular inflammation and pain. Xibrom, under a different trade
name but identical formulation, was launched in Japan in 2000 by Senju
Pharmaceuticals Co. Ltd. ISTA acquired U.S. marketing rights for Xibrom in
May 2002 and launched the product in the U.S. in June 2005. Xibrom is the
first and only FDA-approved twice-daily NSAID for inflammation and pain
following cataract surgery, and in 2006, Xibrom became the second
highest-prescribed topical NSAID by ophthalmologists on a dollar basis
according to IMS data.
About ISTA
ISTA Pharmaceuticals is an ophthalmic pharmaceutical company. ISTA's
products and product candidates addressing the $3.2 billion U.S.
prescription ophthalmic industry include therapies for allergy, dry eye,
vitreous hemorrhage, diabetic retinopathy, hyphema, glaucoma, ocular pain,
and inflammation. The Company currently markets three products and is
developing a strong product pipeline to fuel future growth and market
share. The Company's product development and commercialization strategy is
to launch a new product every 12 to 18 months, thereby continuing its
growth to become the leading niche ophthalmic pharmaceutical company in the
U.S. For additional information regarding ISTA, please visit ISTA
Pharmaceuticals' website at istavision.
Any statements contained in this press release that refer to future
events or other non-historical matters are forward-looking statements.
Without limiting the foregoing, but by way of example, statements contained
in this press release related to ISTA's plan to submit to the FDA an sNDA
for the Xibrom once-daily formulation in the second half of 2007 and FDA's
subsequent acceptance and approval of this sNDA, ISTA's plan to complete
its analysis of the Xibrom once-daily Phase III data and announce in the
future detailed final results in a peer-reviewed forum, the assumption that
final results of the Xibrom once-daily Phase III data will be consistent
with the preliminary results and support the filing of an sNDA, the
potential benefits of Xibrom once-daily, if approved by FDA, for patients
as compared to other currently marketed therapies, and ISTA's strategic
objective to launch a new product every 12 to 18 months, thereby continuing
its growth toward its goal of becoming the leading niche ophthalmic
pharmaceutical company in the U.S., are forward-looking statements. Except
as required by law, ISTA disclaims any intent or obligation to update any
forward-looking statements. These forward- looking statements are based on
ISTA's expectations as of the date of this press release and are subject to
risks and uncertainties that could cause actual results to differ
materially. Important factors that could cause actual results to differ
from current expectations include, among others: the risk that full
analysis of the Xibrom once-daily Phase III data will not reflect the
preliminary Phase III results reported in this press release or be
sufficient to support the submission of an sNDA; timely and successful
implementation of ISTA's strategic initiatives; delays and uncertainties
related to ISTA's research and development program (including the
difficulty of predicting the timing or outcome of the Xibrom once-daily
product development efforts and the FDA or other regulatory agency approval
or actions); uncertainties and risks regarding market acceptance of and
demand for ISTA's approved products (Xibrom once-daily if approved by FDA)
and the impact of competitive products and pricing; uncertainties and risks
related to the continued availability of third party sourced products and
raw materials on commercially reasonable terms, or at all; uncertainties
and risks related to successful compliance with FDA and or other
governmental regulations applicable to ISTA's facilities, products and/or
business; uncertainties and risks related to the scope, validity, and
enforceability of patents related to ISTA's products and technologies and
the impact of patents and other intellectual property rights held by third
parties; and such other risks and uncertainties as detailed from time to
time in ISTA's public filings with the U.S. Securities and Exchange
Commission, including but not limited to ISTA's Annual Report on Form 10-K
for the year ended December 31, 2005, and its Form 10Q for the quarters
ended March 31, 2006, June 30, 2006, and September 30, 2006.
ISTA Pharmaceuticals, Inc.
istavision
View drug information on Bromfenac.