BAUDETTE, Minn., Dec. 29, 2015 /PRNewswire/ -- ANI Pharmaceuticals, Inc. ("ANI") (NASDAQ: ANIP) today announced the commercial launch of Flecainide Acetate 50mg, 100mg, and 150mg tablets. The overall US market for Flecainide is $84.8 million, per IMS Health.
Arthur S. Przybyl, President and Chief Executive Officer said, "We are pleased to announce the launch of Flecainide, which marks the successful completion of our product launch plan for 2015. ANI introduced six products in 2015, and we are looking forward to converting additional products from our pipeline to our commercial portfolio in 2016."
About Flecainide Tablets
Flecainide is used for treating and preventing various types of irregular heartbeat that lead to life-threatening heart rhythm disturbances. Flecainide is an antiarrhythmic. It works by stabilizing the heart rhythm when the heart is beating too fast or in an irregular rhythm.
ANI Pharmaceuticals, Inc. (the "Company" or "ANI") is an integrated specialty pharmaceutical company developing, manufacturing, and marketing branded and generic prescription pharmaceuticals. The Company's targeted areas of product development currently include narcotics, oncolytics (anti-cancers), hormones and steroids, and complex formulations involving extended release and combination products. For more information, please visit our website www.anipharmaceuticals.com.
To the extent any statements made in this release deal with information that is not historical, these are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about price increases, the Company's future operations, products financial position, operating results and prospects , the Company's pipeline or potential markets therefore, and other statements that are not historical in nature, particularly those that utilize terminology such as "anticipates," "will," "expects," "plans," "potential," "future," "believes," "intends," "continue," other words of similar meaning, derivations of such words and the use of future dates.
Uncertainties and risks may cause the Company's actual results to be materially different than those expressed in or implied by such forward-looking statements. Uncertainties and risks include, but are not limited to, the risk that the Company may face with respect to importing raw materials; increased competition; delays or failure in obtaining product approval from the U.S. Food and Drug Administration; general business and economic conditions; market trends; products development; regulatory and other approvals and marketing.
More detailed information on these and additional factors that could affect the Company's actual results are described in the Company's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as well as its proxy statement. All forward-looking statements in this news release speak only as of the date of this news release and are based on the Company's current beliefs, assumptions, and expectations. The Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
For more information about ANI, please contact: Investor Relations IR@anipharmaceuticals.com
SOURCE ANI Pharmaceuticals, Inc.