Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud.
We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
PRINCETON, NJ -- (MARKET WIRE) -- 03/06/07 -- Barrier Therapeutics, Inc. (NASDAQ: BTRX), a
pharmaceutical company focused on the development and commercialization of
products in the field of dermatology, today announced that it has entered
into an agreement with Novartis Consumer Health, Inc. whereby Novartis
Consumer Health will promote Barrier Therapeutics' Vusion(TM) (0.25%
miconazole nitrate, 15% zinc oxide, 81.35% white petrolatum) Ointment to
pediatricians in the U.S.
Beginning in May 2007, Novartis Consumer Health will initiate promotion of
Vusion Ointment to pediatricians, supplementing the efforts of Barrier
Therapeutics' 60-person sales force. Under the agreement which runs through
2008, Barrier will pay Novartis a flat fee for each sales call made to a
pediatrician. Responsibilities for the marketing and product strategy, as
well as for the development, manufacture, distribution and sale of the
product will remain with Barrier.
"We are delighted to have a quality organization like Novartis Consumer
Health as our co-promotion partner on Vusion Ointment in the U.S.," said Al
Altomari, Chief Operating Officer of Barrier Therapeutics. "We expect that
adding the Novartis promotional efforts will more than double the
promotional reach to pediatricians for this unique prescription product."
About Vusion Ointment and Diaper Dermatitis Complicated by Documented
Candidiasis
Vusion Ointment is specifically formulated for the treatment of diaper
dermatitis complicated by documented candidiasis (DDCC) in infants and
children four weeks and older. This inflammatory condition occurs when
diaper dermatitis, also known as diaper rash, is complicated with a fungal
infection caused by yeast known as Candida. The existence of Candida is
readily determined by microscopic evaluation for presence of pseudohyphae
or budding yeast. Vusion Ointment is the only prescription product approved
for the treatment of this condition in the U.S. There are approximately
eight million infants under the age of two in the U.S., and it is estimated
that diaper dermatitis is observed in approximately one million pediatric
outpatient visits each year. Of the diaper dermatitis cases treated by
physicians, it is estimated that more than 40 percent are complicated by
the yeast Candida. Until the FDA approved Vusion Ointment, common treatment
options included only the use of antifungal products, steroids, and
combination products not specifically approved for the treatment of DDCC or
for use on infants.
For full prescribing information on Vusion Ointment, please visit the
product website: www.vusionointment.com.
About Barrier Therapeutics
Barrier Therapeutics, Inc. is a pharmaceutical company focused on the
development and commercialization of products in the field of dermatology.
Barrier Therapeutics currently markets three pharmaceutical products in the
United States: Xolegel(TM) (ketoconazole, USP) Gel, 2%, for seborrheic
dermatitis; Vusion(TM) (0.25% miconazole nitrate, 15% zinc oxide, 81.35%
white petrolatum) Ointment, for diaper dermatitis complicated by documented
candidiasis; and Solagé® (mequinol 2.0%, tretinoin 0.01%) Topical
Solution, for solar lentigines. Barrier Therapeutics has other product
candidates in various stages of clinical development for the treatment of a
range of dermatological conditions, including acne, psoriasis,
onychomycosis and other fungal infections of the skin. The company is
headquartered in Princeton, New Jersey and has wholly owned subsidiaries in
Geel, Belgium and Ontario, Canada. More information about Barrier
Therapeutics can be found on its corporate website at:
www.barriertherapeutics.com.
Xolegel, Vusion and Solagé are trademarks of Barrier Therapeutics, Inc.
Safe Harbor Statement
In addition to historical facts or statements of current condition, this
press release contains forward-looking statements within the meaning of the
"Safe Harbor" provisions of The Private Securities Litigation Reform Act of
1995, including statements regarding the anticipated promotional reach for
Vusion Ointment. Forward-looking statements provide Barrier's current
expectations or forecasts of future events. Barrier's performance and
financial results could differ materially from those reflected in these
forward-looking statements due to the ability of both Barrier Therapeutics
and Novartis Consumer Health to deploy and maintain the anticipated number
of sales representatives, the marketplace acceptance of Barrier's products,
Barrier's ability to execute its commercial and clinical strategy, the
decisions of regulatory authorities, the results of clinical trials and
strategic decisions regarding its pipeline, general financial, economic,
regulatory and political conditions affecting the biotechnology and
pharmaceutical industries generally. For a discussion of these and other
risks and uncertainties that may effect the forward-looking statements,
please see the risk factors in the company's Quarterly Report on Form 10-Q
for the quarter ended September 30, 2006 which is on file with the
Securities and Exchange Commission. Given these risks and uncertainties,
any or all of these forward-looking statements may prove to be incorrect.
Barrier undertakes no obligation to update publicly any forward-looking
statement.
Contact:
Barrier Therapeutics, Inc.
Anne M. VanLent
EVP & CFO
(609) 945-1202