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Bradley Pharmaceuticals Launches Authorized Generic of ADOXA(R)
FAIRFIELD, N.J., June 12 /PRNewswire-FirstCall/ -- Bradley
Pharmaceuticals, Inc. ( BDY) today announced the launch of its
authorized generic version for ADOXA(R) 150 mg strength doxycycline
monohydrate tablets. In accordance with a licensing and distribution
agreement with Par Pharmaceutical Companies, Inc., Par began immediate
shipments of the 150 mg strength tablets after the approval of another
generic product. ADOXA(R) is an antibiotic therapy primarily used for the
treatment of acne.
"While this strength of ADOXA(R) represented approximately 18.5% of
Bradley's 2006 net sales, we proactively planned for this launch to
commence once a generic version became available," stated Daniel Glassman,
President and CEO of Bradley Pharmaceuticals. "Since 2005, Par has been our
exclusive partner with authorized generic ADOXA(R) formulations and
maintains about a 55% market share of previous formulations of ADOXA(R)
generics, including the 50 mg and 100 mg strengths of ADOXA(R)."
Important Product Safety Information About ADOXA(R):
ADOXA(R) Tablets are contraindicated in persons who have shown any
sensitivity to any of the tetracyclines. The use of drugs of the
tetracycline class during tooth development (last half of pregnancy,
infancy, and childhood to 8 years) may cause permanent discoloration of the
teeth (yellow-gray- brown). Photosensitivity manifested by exaggerated
sunburn has been observed in some individuals taking tetracyclines.
Treatment should be discontinued at first evidence of skin erythema.
Concurrent use of tetracycline may render oral contraceptives less
effective.
For additional important information about ADOXA(R), please view full
prescribing information at www.bradpharm.com or request full prescribing
information by contacting Bradley Pharmaceuticals.
Please visit Bradley Pharmaceuticals web site at: www.bradpharm.com.
About Bradley Pharmaceuticals, Inc.
Bradley Pharmaceuticals, Inc. was founded in 1985 as a specialty
pharmaceutical company and markets to niche physician specialties in the
U.S. and international markets. Bradley's success is based upon its core
strengths in marketing and sales, which enable the company to Commercialize
brands that fill unmet patient and physician needs; Develop new products
through life cycle management; and In-License phase II and phase III drugs
with long-term intellectual property protection that upon approval leverage
Bradley's marketing and sales expertise to increase shareholder value.
Bradley Pharmaceuticals is comprised of Doak Dermatologics, specializing in
therapies for dermatology and podiatry; Kenwood Therapeutics, providing
gastroenterology, OB/GYN, respiratory and other internal medicine brands;
and A. Aarons, which markets authorized generic versions of Doak and
Kenwood therapies.
Safe Harbor for Forward-Looking Statements:
This release contains "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements include statements that address activities, events or
developments that Bradley expects, believes or anticipates will or may
occur in the future, such as Bradley's plans to in-license, develop and
launch new and enhanced products with long-term intellectual property
protection or other significant barriers to market entry, sales and
earnings estimates, other predictions of financial performance, timing of
payments on indebtedness, launches by Bradley of new products, market
acceptance of Bradley's products, and the achievement of initiatives to
enhance corporate governance and long-term shareholder value.
Forward-looking statements are based on Bradley's experience and perception
of current conditions, trends, expected future developments and other
factors it believes are appropriate under the circumstances and are subject
to numerous risks and uncertainties, many of which are beyond Bradley's
control. These risks and uncertainties include Bradley's ability to: launch
VEREGEN(TM) at the end of 2007 and ELESTRIN(TM) at the end of the second
quarter 2007; predict the safety and efficacy of these products in a
commercial setting; estimate sales; maintain adequate inventory levels;
implement the returns and inventory optimization plan timely, if at all;
reduce product returns; comply with the restrictive covenants under its
credit facility; refinance its credit facility; access the capital markets
on attractive terms or at all; favorably resolve the pending SEC informal
inquiry; maintain or increase sales of its products; or effectively react
to other risks and uncertainties described from time to time in Bradley's
SEC filings, such as fluctuation of quarterly financial results, estimation
of product returns, chargebacks, rebates and allowances, concentration of
customers, reliance on third party manufacturers and suppliers, litigation
or other proceedings (including the pending class action and shareholder
derivative lawsuits), government regulation and stock price volatility.
Further, Bradley cannot accurately predict the impact on its business of
the approval, introduction, or expansion by competitors of generic or
therapeutically equivalent or comparable versions of Bradley's products or
of any other competing products. In addition, actual results may differ
materially from those projected. Bradley undertakes no obligation to
publicly update any forward-looking statement, whether as a result of new
information, future events or otherwise.
SOURCE Bradley Pharmaceuticals, Inc.













