Auriga Laboratories, Inc. (OTCBB:ARGA), a specialty pharmaceutical company, announced today the signing of a license agreement with Outlook Pharmaceuticals, Inc., pursuant to which Auriga will have the exclusive rights to market and sell a new product indicated for the treatment of Attention Deficit Hyperactivity Disorder (ADHD) in the United States. The new product combines one of the most frequently prescribed drug classes for this condition, in a unique dosage form previously not available.
ADHD treatments are one of the most frequently prescribed product classes in the US with over 35 million prescriptions written by physicians, generating estimated sales of over $3.5 billion dollars in the U.S. annually.
The product is expected to be approved by the Food and Drug Administration in early 2008 and launch during the 2nd Quarter of 2008. "This Agreement solidifies Auriga's commitment to enhance our product portfolio with products approved using the ANDA and 505(b)(2) NDA regulatory pathways," said Philip S. Pesin, CEO of Auriga.
About Outlook Pharmaceuticals, Inc.
Outlook Pharmaceuticals, Inc., is a privately held company specializing in the development of branded prescription products for the treatment of select central nervous system disorders.
About Auriga Laboratories (TM)
Auriga Laboratories is a specialty pharmaceutical company building an industry changing commission based-sales model. The company's high-growth business model combines driving revenues through a variable cost commission-based sales structure, acquisition of proven brand names, introduction of new brands, and a strategic development pipeline, all of which designed to enhance its growing direct relationships with physicians nationwide. Auriga's exclusive prescription and over-the-counter product portfolio includes Aquoral™ for the treatment of Xerostomia, Akurza™, Xyralid™, Zytopic™, and Coraz™ dermatology products, and the Zinx™, Extendryl®, and Levall® families of products for relief of symptoms associated with a range of acute respiratory diseases.
aurigalabs
Forward-Looking Statements
The information contained herein includes forward-looking statements. These statements relate to future events or to the company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause its actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to its operations, results of operations, growth strategy and liquidity.
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Auriga Laboratories
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