Cardiome Announces Commercialization Agreement With Tzamal Medical Group For Brinavess™ In Israel

Sep 17, 2013, 13:39 ET from Cardiome Pharma Corp.


VANCOUVER, Sept. 17, 2013 /PRNewswire/ - Cardiome Pharma Corp. (NASDAQ: CRME / TSX: COM) today announced that its subsidiary, Cardiome Development AG, has entered into an agreement with Tzamal Medical Ltd., to sell and distribute BRINAVESS™ (vernakalant intravenous) exclusively in Israel. Under the terms of the agreement, Tzamal Medical has agreed to specific annual commercial goals for BRINAVESS. Financial details of the agreement have not been disclosed.

"This agreement with Tzamal Medical reaffirms Cardiome's commitment to continue making BRINAVESS available worldwide, including markets outside of Europe," said Karim Lalji, Cardiome's Chief Commercial Officer. "We are pleased to have partnered with an industry leader and look forward to leveraging Tzamal Medical's expertise to commercialize BRINAVESS in the Israeli market."

"We are excited to be working with Cardiome to commercialize BRINAVESS in Israel," said Edi Steinberg, CEO at Tzamal BioPharma Ltd, the pharmaceutical arm of Tzamal Medical Ltd. "BRINAVESS will be a great addition to our current line of hospital intensive and emergency care drug products. Emergency room physicians and surgeons need additional treatment options for Atrial Fibrillation (AF)."

The initial term of this commercial agreement begins September 15, 2013 for the duration of three years and is renewable on an annual basis, or longer, thereafter.

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 web site at

About Tzamal Medical Group Tzamal Medical Group is a leading private group of companies providing pharmaceuticals, medical devices and equipment for the healthcare industry with over 70 sales representative serving that market. Tzamal Medical Group generates sales of over $35 million annually with a distinctive multidisciplinary presence in cardiology and partnerships with leading manufacturers such as B. Braun, Vascular Solution, Inspire MD, Angioscore, and Iroko/Correvio. Tzamal Medical Group is a leader in promoting global healthcare and creating leverage both in the Israeli and global medical markets. For more information, visit

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SOURCE Cardiome Pharma Corp.