Medexus Reports Triamcinolone Hexacetonide Injectable Suspension Approved for Inclusion on Quebec’s RAMQ List of Medication...
24 August 2020 - 10:00PM
Medexus Pharmaceuticals Inc. (the “Company” or
“Medexus”) (TSXV: MDP, OTCQX: MEDXF) is pleased to
announce that Triamcinolone Hexacetonide Injectable Suspension 20
mg/mL (TH) has been approved for inclusion as a general benefit
(open listing) on the List of Medications - Basic Plan and the List
of Medications - Institutions administered by the Régie de
l’assurance maladie du Québec (RAMQ), effective August 19, 2020.
The Institut national d'excellence en santé et en services sociaux
(INESSS), Quebec’s Health Technology Assessment Agency, recommended
to the Minister of Health and Social Services to have TH listed on
the List of Medications covered by the basic prescription drug
insurance plan and the List of Medications – Institutions which
includes hospitals with no restrictions on reimbursement. TH is the
longest acting corticosteroid for intra-articular injection, often
lasting twice as long as comparator products.
Ken d’Entremont, Chief Executive Officer of
Medexus, commented, “We are pleased about the addition of TH to the
public drug plan formularies in Quebec and look forward to
advancing the commercial rollout of TH in additional provinces
across Canada over the coming months. With the inclusion of our TH
on RAMQ’s List of Medications, we are able to access a large group
of children and adult patients suffering from debilitating forms of
joint disease, who previously could not get the product due to a
long-standing shortage of TH in Canada. We believe TH will
transform the treatment of many subacute and chronic inflammatory
joint diseases as it provides a longer duration of action, with
fewer injections, compared to other corticosteroid injections and
intra-articular steroids. By reducing the number of injections, TH
offers a safer and more cost-effective solution, thereby reducing
the number of hospital visits, which is particularly important in
the current COVID-19 environment.”
About MedexusMedexus is a
leading specialty pharmaceutical company with a strong North
American commercial platform. The Company’s vision is to provide
the best healthcare products to healthcare professionals and
patients, through our core values of Quality, Innovation, Customer
Service and Teamwork. Medexus Pharmaceuticals is focused on
the therapeutic areas of auto-immune disease, hematology and
allergy. The Company’s leading products are: Rasuvo™ and Metoject®,
a unique formulation of methotrexate (auto-pen and pre-filled
syringe) designed to treat rheumatoid arthritis and other
auto-immune diseases; IXINITY®, an intravenous recombinant factor
IX therapeutic for use in patients 12 years of age or older with
Hemophilia B – a hereditary bleeding disorder characterized by a
deficiency of clotting factor IX in the blood, which is necessary
to control bleeding; and Rupall®, an innovative allergy medication
with a unique mode of action.
For more information, please
contact:
Ken d’Entremont, Chief Executive OfficerMedexus
Pharmaceuticals Inc.Tel.: 905-676-0003E-mail:
ken.dentremont@medexus.com
Roland Boivin, Chief Financial OfficerMedexus
Pharmaceuticals Inc.Tel.: 514-762-2626 ext. 202E-mail:
roland.boivin@medexus.com
Investor Relations
(U.S.):Crescendo Communications, LLCTel:
+1-212-671-1020Email:
mdp@crescendo-ir.com
Investor Relations
(Canada):Frank CandidoDirect Financial Strategies and
Communication Inc.Tel: 514-969-5530E-mail:
frank.candido@medexusinc.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
READER ADVISORIES
Forward Looking Statements
Certain statements made in this press release
contain forward-looking information within the meaning of
applicable securities laws (“forward-looking
statements”). The words “anticipates”, “believes”,
“expects”, “will”, “plans” and similar expressions are often
intended to identify forward-looking statements, although not all
forward-looking statements contain these identifying words.
Specific forward-looking statements contained in this news release
include, but are not limited to, statements with respect to future
business operations, the timing of regulatory applications and
approvals and the efficacy and success of certain drug therapies.
These statements are based on factors or assumptions that were
applied in drawing a conclusion or making a forecast or projection,
including assumptions based on historical trends, current
conditions and expected future developments. Since forward-looking
statements relate to future events and conditions, by their very
nature they require making assumptions and involve inherent risks
and uncertainties. The Company cautions that although it is
believed that the assumptions are reasonable in the circumstances,
these risks and uncertainties give rise to the possibility that
actual results may differ materially from the expectations set out
in the forward-looking statements. Material risk factors include
those set out in the Company's most recent MD&A; future capital
requirements and dilution; intellectual property protection and
infringement risks; competition (including potential for generic
competition); reliance on key management personnel; the Company’s
ability to implement its business plan; the Company’s ability to
leverage its United States and Canadian infrastructure to promote
additional growth, including with respect to the infrastructure of
Medexus Inc. and Medac Pharma, Inc. and the potential benefits the
Company expects to derive therefrom;, regulatory approval by the
Canadian health authorities; product reimbursement by third party
payers; patent litigation or patent expiry; litigation risk; stock
price volatility; government regulation; and potential third party
claims. Given these risks, undue reliance should not be placed on
these forward-looking statements, which apply only as of the date
hereof. Other than as specifically required by law, the Company
undertakes no obligation to update any forward-looking statements
to reflect new information, subsequent or otherwise.
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