MOBERG DERMA AND PALADIN SIGN AGREEMENT FOR EMTRIX® IN CANADA
ET | Source:Moberg Derma AB
Moberg Derma AB (OMX: MOB) today announced that it has entered into an exclusive
distribution agreement for Emtrix®, a novel, over-the-counter product for the
local treatment of fingernail and toenail fungal infections (onychomycosis), in
Canada. Under the terms of the agreement, Paladin has been granted the exclusive
rights to market and sell Emtrix® in Canada. Emtrix® is an over-the-counter
(OTC), topical product with a unique mechanism of action that generates visible
improvements within 2-4 weeks of treatment. Further details or financial terms
of the transaction were not disclosed.
Emtrix® was approved by Health Canada in June 2012 and is planned to be launched
in the second half of 2013. Canadian studies indicate that onychomycosis affects
approximately two million people in Canada.
"We look forward to work with Paladin – a leading Canadian company with a strong
track record – to make Emtrix® a success in Canada. Emtrix® is already
established as a leading product in the U.S. and many other markets. The launch
in Canada constitutes an important step in the global commercialization of
Emtrix®," said Peter Wolpert, President and CEO of Moberg Derma AB.
“We are pleased to partner with Moberg Derma to commercialize Emtrix® in
Canada,” said Mark Beaudet, interim President and CEO of Paladin Labs Inc.
“Emtrix® is unique since it provides a fast and effective solution to treat nail
fungus without the need for a prescription. Emtrix® will complement our growing
portfolio of new OTC products.”
About Emtrix® and nail disease
Emtrix® is a topical treatment used to treat nail disease. Launched in the
Nordic region in late 2010, it quickly became the market leader with a market
share exceeding 60% in Sweden, the first year after launch. Emtrix® is an over
-the-counter product sold under the name Nalox™ in certain markets and under the
name Kerasal® Nail in the U.S. Safety and efficacy have been demonstrated in
several clinical studies including more than 600 patients. Emtrix® has a unique
and rapid mechanism of action which brings visible improvements within 2-4 weeks
of treatment. Nail fungus is the most common nail disease and afflicts
approximately 10 percent of the population and is more common among the elderly.
A recent Canadian study indicates a prevalence of approximately 6.5 percent of
the general Canadian population.1 It is generally recognized that there is a
need for new efficacious and safe topical treatments.
1 Gupta AK, Jain HC, Lynde CW, MacDonald P, Cooper EA, Summerbell RC. Prevalence
and epidemiology of onychomycosis in patients visiting physicians' offices: a
multicenter Canadian survey of 15,000 patients. J Am Acad Dermatol. 2000;43:244
For further information, please contact:
Moberg Derma AB
Peter Wolpert, CEO
Telephone: +46 8 522 307 00
Mobile: +46 707 35 71 35
Magnus Persson, IR
Mobile: +46 733 55 26 01
About this information
Moberg Derma discloses this information pursuant to the Swedish Securities
Markets Act and/or the Financial Instruments Trading Act. The information was
submitted for publication at 8.00 am (CET) on December 12, 2012.
About Moberg Derma AB
Moberg Derma AB (publ) is a rapidly growing Swedish pharmaceutical company with
direct sales through its own sales organization in the US and sales through
distributors in more than 35 countries. The company’s product portfolio includes
topical products for the treatment of skin disorders and pain under the brands
Kerasal®, Jointflex®, Emtrix® and Kaprolac®. Emtrix® (Nalox™ in many markets) is
the leading product for the treatment of nail disorders in the Nordic market.
The portfolio is developed further through acquisitions and in-licensing of
products as well as product development with focus on innovative drug delivery
based on proven compounds. Moberg Derma has offices in Stockholm and New Jersey
and the company’s share (OMX: MOB) is listed on the Small Cap list of the NASDAQ
OMX Nordic Exchange Stockholm. For further information, please visit:
About Paladin Labs Inc.
Paladin Labs Inc., headquartered in Montreal, Canada, is a specialty
pharmaceutical company focused on acquiring or in-licensing innovative
pharmaceutical products for the Canadian and world markets. With this strategy,
a focused national sales team and proven marketing expertise, Paladin has
evolved into one of Canada's leading specialty pharmaceutical companies.
Paladin's shares trade on the Toronto Stock Exchange under the symbol PLB. For
more information about Paladin, please visit the Company's web site at
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