Cardiome Receives Approval For BRINAVESS™ In Turkey
NASDAQ: CRME TSX: COM
VANCOUVER, Sept. 25, 2013 /PRNewswire/ - Cardiome Pharma Corp. (NASDAQ: CRME / TSX: COM) today announced that BRINAVESS™ (vernakalant intravenous) has been approved in Turkey by the Turkish Ministry of Health for the rapid conversion of recent onset atrial fibrillation (AF) to sinus rhythm in adults. The Turkish Ministry of Health oversees the regulation of medicines in Turkey.
"We are pleased to receive approval for BRINAVESS in Turkey," said Karim Lalji, Cardiome's Chief Commercial Officer. "This decision confirms Cardiome's commitment to pursue BRINAVESS approvals beyond the EU region. We will seek a local distribution partnership in this key market in order to optimize the commercialization and launch and make BRINAVESS available for the benefit of patients suffering from AF."
Turkey is a significant emerging market in the pharmaceutical industry. According to the European Federation of Pharmaceutical Industry and Associations Pharmaceutical Industry Report, total sales for the pharmaceutical market in Turkey totaled €7.2B1 in 2011.
About Cardiome Pharma Corp.
Cardiome Pharma Corp. is a biopharmaceutical company dedicated to the
discovery, development and commercialization of new therapies that will
improve the health of patients around the world. Cardiome has one
marketed product, BRINAVESSTM (vernakalant IV), approved in Europe and other territories for the
rapid conversion of recent onset atrial fibrillation to sinus rhythm in
adults.
Cardiome is traded on the NASDAQ Capital Market (CRME) and the Toronto Stock Exchange (COM). For more information, please visit our website at www.cardiome.com.
References:
- European Federation of Pharmaceutical Industries and Associations. The Pharmaceutical Industry in Figures, Key Data 2013. http://www.efpia.eu/uploads/Figures_Key_Data_2013.pdf, accessed Sep 20, 2013
Forward-Looking Statement Disclaimer
Certain statements in this news release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 or forward-looking information under applicable
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"believe", "may", "plan", "will", "estimate", "continue", "anticipate",
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to our objectives and priorities for the remainder of 2013 and beyond,
our strategies or future actions, our targets, expectations for our
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forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
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the following: general economic and business conditions in the United
States, Canada, Europe, and the other regions in which we operate;
market demand; technological changes that could impact our existing
products or our ability to develop and commercialize future products;
competition; existing governmental legislation and regulations and
changes in, or the failure to comply with, governmental legislation and
regulations; availability of financial reimbursement coverage from
governmental and third-party payers for products and related
treatments; adverse results or unexpected delays in pre-clinical and
clinical product development processes; adverse findings related to the
safety and/or efficacy of our products or products; decisions, and the
timing of decisions, made by health regulatory agencies regarding
approval of our technology and products; the requirement for
substantial funding to expand commercialization activities; and any
other factors that may affect our performance. In addition, our
business is subject to certain operating risks that may cause any
results expressed or implied by the forward-looking statements in this
presentation to differ materially from our actual results. These
operating risks include: our ability to attract and retain qualified
personnel; our ability to successfully complete pre-clinical and
clinical development of our products; changes in our business strategy
or development plans; intellectual property matters, including the
unenforceability or loss of patent protection resulting from
third-party challenges to our patents; market acceptance of our
technology and products; our ability to successfully manufacture,
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filings with the Securities and Exchange Commission available at www.sec.gov and the Canadian securities regulatory authorities at www.sedar.com. Given these risks, uncertainties and factors, you are cautioned not to
place undue reliance on such forward-looking statements and
information, which are qualified in their entirety by this cautionary
statement. All forward-looking statements and information made herein
are based on our current expectations and we undertake no obligation to
revise or update such forward-looking statements and information to
reflect subsequent events or circumstances, except as required by law.
SOURCE Cardiome Pharma Corp.
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