NovaDel Pharma Initiates Human Study of Lingual Spray Version of World's Leading Sleep Agent

Date : 12/07/2004 @ 8:29AM
Source : PR Newswire
Stock : Novadel Pharma, (NVD)
Quote : 0.17  0.0 (0.00%) @ 4:00PM
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NovaDel Pharma Initiates Human Study of Lingual Spray Version of World's Leading Sleep Agent

NovaDel Pharma Initiates Human Study of Lingual Spray Version of World's Leading Sleep Agent Zolpidem is Company's Fourth Product Candidate To Enter Human Testing This Year

FLEMINGTON, N.J., Dec. 7 /PRNewswire-FirstCall/ -- NovaDel Pharma Inc.

(AMEX:NVD) said it initiated a pilot pharmacokinetic feasibility study in humans of a lingual spray formulation of zolpidem, the world's biggest selling sleep-inducing agent, marketed in the U.S. as Ambien(R) by Sanofi-Aventis.

The new formulation utilizes NovaDel's patented lingual spray drug delivery technology which is designed to achieve more rapid onset of therapeutic activity. For users seeking quicker onset of sleep, this is considered a desired benefit.

The pilot study will test the drug in a range of doses in humans to document the profile of blood levels achieved using NovaDel's proprietary formulation of zolpidem.

Based on successful results, NovaDel would file an Investigational New Drug application to commence an abbreviated clinical development program designed to support a 505(b)(2) submission, a form of New Drug Application (NDA) that relies on data in previously approved NDAs and published literature.

Earlier this year the company filed its first 505(b)(2) NDA, seeking approval for lingual spray nitroglycerin.

A pilot PK study of lingual spray alprazolam (Xanax(R)) is currently underway. A pilot PK study of lingual spray sumatriptan (Imitrex(R)) was completed earlier this year. Following submission of an IND later this month by Manhattan Pharmaceuticals (NovaDel's licensee), lingual spray propofol will be poised to begin full clinical development, and lingual spray nitroglycerin (partnered to Par Pharmaceuticals) has been submitted to the FDA for marketing approval.

NovaDel's lingual spray technology is designed to provide rapid therapeutic blood levels by allowing drugs to enter the blood stream directly through the mucosa lining the mouth. This route of delivery avoids the GI tract and first-pass liver effects.

Patients self-administer the products just as they would a breath freshener.

NovaDel Pharma Inc. is a specialty pharmaceutical company engaged in the development of novel drug delivery systems for prescription and over-the- counter drugs. The company's proprietary lingual spray technology delivery system offers the patient the potential for (i) fast onset of action; (ii) improved drug safety by reducing the required drug dosage and reducing side effects; (iii) improved patient convenience and compliance; and (iv) enhanced dosage reliability. The company plans to develop such products independently and through collaborative arrangements with major pharmaceutical and biotech companies.

Except for historical information contained herein, this document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein including, but not limited to, the successful completion of its pilot pharmacokinetic feasibility studies, the ability to develop products (independently and through collaborative arrangements), the ability to commercialize and obtain FDA and other regulatory approvals for products under development and the acceptance in the marketplace for lingual spray products.. Further, the Company operates in industries where securities may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company's most recent Annual Report and Registration Statements, filed with the Securities and Exchange Commission. In assessing forward-looking statements contained herein, if any, the reader is urged to carefully read all cautionary statements contained in such filings.

Contact: Barry C. Cohen VP Business & New Product Development 908 782-3431 x2160 NovaDel Pharma Inc.

Thomas Redington 203 222-7399 212 926-1733

DATASOURCE: NovaDel Pharma Inc.

CONTACT: Barry C. Cohen, VP Business & New Product Development of

NovaDel Pharma Inc., +1-908-782-3431, x2160; or Thomas Redington,

+1-203-222-7399, +1-212-926-1733,

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