BAUDETTE, Minn., May 8, 2017 /PRNewswire/ -- ANI
Pharmaceuticals, Inc. ("ANI") (Nasdaq: ANIP) today announced the
launch of Pindolol Tablets, 5mg and 10mg, which is used in the
treatment of hypertension. The annual U.S. market for Pindolol
Tablets is approximately $10 million,
per IMS Health.
Arthur S. Przybyl, ANI's
President and CEO stated, "We are excited to launch the first
product from our partnership with IDT Australia Ltd., which we
entered in August 2015 and includes
the exclusive rights to commercialize up to 18 previously marketed
US generic drug products. We look forward to additional future
launches through this partnership as we advance our
collaboration."
"This is a significant milestone for IDT and the ANI IDT
partnership," said Dr Paul MacLeman,
IDT's Managing Director. "Pindolol will be the first of IDT's
acquired generic drug products to be re-launched into the U.S."
About Pindolol Tablets
Pindolol is indicated in the management of hypertension. It may
be used alone or concomitantly with other antihypertensive agents,
particularly with a thiazide-type diuretic.
About ANI
ANI Pharmaceuticals, Inc. (the "Company" or "ANI") is an
integrated specialty pharmaceutical company developing,
manufacturing, and marketing branded and generic prescription
pharmaceuticals. The Company's targeted areas of product
development currently include narcotics, oncolytics (anti-cancers),
hormones and steroids, and complex formulations involving extended
release and combination products. For more information, please
visit our website www.anipharmaceuticals.com.
Forward-Looking Statements
To the extent any statements made in this release deal with
information that is not historical, these are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements include, but are not limited
to, statements about price increases, the Company's future
operations, products financial position, operating results and
prospects, the Company's pipeline or potential markets therefor,
and other statements that are not historical in nature,
particularly those that utilize terminology such as "anticipates,"
"will," "expects," "plans," "potential," "future," "believes,"
"intends," "continue," other words of similar meaning, derivations
of such words and the use of future dates.
Uncertainties and risks may cause the Company's actual results
to be materially different than those expressed in or implied by
such forward-looking statements. Uncertainties and risks include,
but are not limited to, the risk that the Company may face with
respect to importing raw materials; increased competition;
acquisitions; contract manufacturing arrangements; delays or
failure in obtaining product approval from the U.S. Food and Drug
Administration; general business and economic conditions; market
trends; products development; regulatory and other approvals and
marketing.
More detailed information on these and additional factors that
could affect the Company's actual results are described in the
Company's filings with the Securities and Exchange Commission,
including its most recent annual report on Form 10-K and quarterly
reports on Form 10-Q, as well as its proxy statement. All
forward-looking statements in this news release speak only as of
the date of this news release and are based on the Company's
current beliefs, assumptions, and expectations. The Company
undertakes no obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
For more information about ANI, please contact:
Investor Relations
IR@anipharmaceuticals.com
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SOURCE ANI Pharmaceuticals, Inc.