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Bullboard - Stock Discussion Forum Intelgenx Technologies Corp IGXT

IntelGenx Technologies Corp. is a Canada-based drug delivery company. The Company provides single-site, end-to-end contract development and manufacturing services of oral thin film and transdermal drug products for the pharmaceutical and animal health markets, spanning the entire drug development and commercial product cycle. The Company’s film technologies, including VersaFilm, DisinteQ... see more

GREY:IGXT - Post Discussion

Intelgenx Technologies Corp > Rizaport commercialization in Spain
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Post by Ciao on Oct 31, 2018 10:21am

Rizaport commercialization in Spain

2018-10-31 08:00 ET - News Release

 

SAINT LAURENT, Quebec, Oct. 31, 2018 (GLOBE NEWSWIRE) -- IntelGenx Corp. (TSX-V: IGX) (OTCQX: IGXT) (the “Company” or “IntelGenx”) is pleased to announced that its commercialization partner for RIZAPORT® (10mg) in Spain, Groupo Juste, which is now part of Exceltis Healthcare, has received national marketing authorization from the Spanish Agency of Medicines and Medical Devices (AEMPS) for the product.

RIZAPORT® is a proprietary oral thin film formulation of rizatriptan for the treatment of acute migraines.  RIZAPORT® offers an innovative and potentially advantageous therapeutic alternative for many migraine patients, primarily patients who suffer from dysphagia or migraine-related nausea, due to its convenient dosing, facile intake due to the lack of need for water, and neutral flavor.

Following the approval of the manufacturing site transfer of RIZAPORT® from the European contract manufacturer listed in the initial manufacturing site transfer application to IntelGenx’s GMP compliant facility in Montreal, Canada, this marketing authorization will enable IntelGenx’s marketing partner, Exceltis Healthcare, to commercialize the product in Spain.  The Company believes that recently reported results from a successful study, demonstrating that RIZAPORT® is bioequivalent to the European reference, Maxalt®-Lingua, will further support the site transfer application in Spain.

“This marketing authorization in Spain marks the achievement of a major milestone for our company, materially advancing RIZAPORT® toward becoming the first-ever commercialized VersaFilm™ product to be manufactured at our new state-of-the-art facility,” said Dr. Horst G. Zerbe, President and CEO of IntelGenx.

About RIZAPORT® (RHB-103):

RIZAPORT® is a proprietary oral thin film formulation of rizatriptan benzoate, a 5-HT1 receptor agonist and the active drug in Merck & Co.'s Maxalt®.  A New Drug Application for RIZAPORT® was resubmitted to the U.S. Food and Drug Administration in September 2017.

Rizatriptan is considered to be one of the most effective oral triptans, a class of molecules that constricts blood vessels in the brain to relieve swelling and other migraine symptoms. RIZAPORT® is based on IntelGenx’s proprietary VersaFilm™ technology.  It dissolves rapidly and releases its active ingredient in the mouth, leading to efficient absorption of the drug through the gastrointestinal tract.  The administration method of the RIZAPORT® oral soluble film, which does not require the patient to swallow a pill or consume water, along with its neutral flavor, presents a potentially attractive therapeutic alternative for migraine patients, specifically for patients who suffer from migraine-related nausea, estimated to be approximately 80% of the total migraine patient population and patients suffering from dysphagia (difficulty swallowing)1.

Comment by biggerr on Oct 31, 2018 3:41pm
looks like it's their first commercially available product anywhere quite a historic day
Comment by Ciao on Nov 01, 2018 11:51am
It's a big win for the company. The last webcast indicated they will be profitable in 2019, this definitely helps. I guess the muted response so far is due to those who bought in (and got burned) on the LOI announcement with Tilray and only a firm agreement would move the stock up for them. In addition the "low" priced financing definitely hurt shareholders. 
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