SciClone and Sigma-Tau Sign ZADAXIN Partnership For
15.04.1999, 15:56
Italy, Spain and Switzerland / SciClone Continues Discussions for
Additional U.S./European Partnerships
SAN MATEO, Calif. (ots-PRNewswire) - SciClone Pharmaceuticals
(Nasdaq: SCLN) announced that it has entered into a strategic
partnership with Italy-based Sigma-Tau S.p.A., one of the leading
pharmaceutical companies in Southern Europe, for late stage
development and commercialization of SciClone's lead product,
ZADAXIN(R) thymosin alpha 1, an immune system enhancer for the
treatment of hepatitis and cancer. In Italy, Sigma-Tau has
licensed and is successfully marketing Glaxo Wellcome's
interferon for the treatment of hepatitis and cancer.
Under the terms of the deal, Sigma-Tau received semi-exclusive
ZADAXIN development and marketing rights in Italy and Spain, and
exclusive rights in Switzerland. The Sigma-Tau Group of companies
made an up-front equity investment in SciClone at a premium to
the market.
ZADAXIN currently is approved in Italy as an influenza vaccine
adjuvant. The envisaged therapeutic indications of ZADAXIN in
Italy include hepatitis B, hepatitis C and cancer. Sigma Tau will
be responsible for clinical development and submission of ZADAXIN
marketing applications in Italy.
"We look forward to adding ZADAXIN as an important new drug to
our product portfolio," said Claudio Cavazza, President of Sigma-
Tau. "Europe shares the growing concern worldwide about hepatitis
and cancer. ZADAXIN is a proven immune enhancement drug around
the world that fits well into our development programs."
"Sigma-Tau is a strong partner for these important European
markets," said Donald R. Sellers, SciClone's President and Chief
Executive Officer. "This deal allows us to accelerate our revenue
timetable in Italy, the fifth largest pharmaceutical market in
the world, and expand registration activities into several
European countries. Importantly, this partnership permits the
essential flexibility required for additional partnering
efforts."
SciClone remains in discussions with potential partners for
development and commercialization of ZADAXIN in the U.S. and
Europe.
ZADAXIN is approved for marketing in 13 countries, principally
as a treatment for hepatitis B and hepatitis C: Argentina,
Cambodia, the People's Republic of China, Italy, Kuwait, Mexico,
Myanmar, Peru, Pakistan, the Philippines, Singapore, Venezuela
and Vietnam. SciClone has filed for ZADAXIN marketing approval in
19 additional countries.
Sigma-Tau is one of the leading pharmaceutical groups in
Italy. Therapeutic areas on which the company's research and
development are focused include oncological, neurological,
cardiovascular, gastroenterological and immunological
indications, among others. Sigma-Tau has operating subsidiaries
in Spain, Switzerland, the Netherlands, France, Germany and the
United States and maintains a presence in all of the world's
major pharmaceutical markets through either licensees or
representative offices. In 1998, Sigma-Tau produced consolidated
revenues of approximately $450 million. Press releases and
corporate information from Sigma-Tau are available on the
Internet at www.sigma-tau.it.
SciClone Pharmaceuticals is a global biopharmaceutical company
that acquires, develops and commercializes specialist-oriented
drugs for treating chronic and life-threatening diseases, such as
hepatitis B, hepatitis C, cystic fibrosis, cancer and immune
system disorders. Press releases and corporate information from
SciClone Pharmaceuticals are available on the Internet at
www.sciclone.com or by calling the Company's Investor Relations
Department at 800/724-2566. SciClone's common stock is listed on
the Nasdaq National Market(R) under the symbol SCLN.
The information in this press release includes certain
forward-looking statements concerning the Company's current
expectations regarding future events, including prospective
ZADAXIN partnering arrangements in the U.S. and Europe and future
benefits to the Company and its shareholders from development and
commercialization of ZADAXIN in Italy, Spain and Switzerland. Due
to market factors and the nature of product development and the
regulatory approval process, the forward-looking statements
contained in this press release are subject to risks and
uncertainties, including those reflected in the Company's filings
with the Securities and Exchange Commission, particularly its
Annual Report on Form 10-K for the year ended December 31, 1998.
ots Original Text Service: SciClone Pharmaceuticals Internet:
http://www.newsaktuell.de Contact: Shawn K. Singh, Senior Vice
President of SciClone Pharmaceuticals, 650-358-1451 Company News
On-Call: http://www.prnewswire.com/comp/775865.html or fax, 800-
758-5804, ext. 775865 Web site: http://www.sigma-tau.it Web
site: http://www.sciclone.com
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