Microbix Receives Approval To Market Thrombolytic Agent Kinlytic(TM) (urokinase) In Canada
Approval allows Microbix, the only worldwide source of low-molecular-weight urokinase, to export its clot-busting therapy globally
Urokinase, which Microbix has re-branded as KINLYTIC, has been administered to over four million patients and generated peak annual worldwide sales of more than
According to IMS data, the total Canadian clot-busting market exceeds
Microbix will submit an application to Health
Mark A. Cochran, Microbix Chief Business Officer said, "Microbix is pleased to bring back to the medical community an effective and safe therapy with life-saving benefits. We now have the potential to expand the drug's indications into larger markets such as catheter clearance, oncology and ophthalmology and to use the existing product sales to accelerate urokinase production at our facility in
Urokinase has been used to treat patients in the
Dr, Karthikeshwar Kasirajan, MD, Assistant Professor of Surgery, Department of Surgery, Emory University School of Medicine, and a physician who has treated patients with urokinase for many years said, "Based on my years of experience in the clinic, urokinase is the best thrombolytic agent for dissolving acute thrombi. I have come to rely on this product as my treatment of choice as it is the safest thrombolytic and results in better outcomes for patients. Its absence has negatively impacted both clinicians and patients, and so I am very pleased that Microbix is reintroducing urokinase to the medical community."
Microbix Biosystems Inc. (MBX:TSX), is a leader in sales of virology products and focused on influenza vaccine (VIRUSMAX(TM)) manufacturing, and development of animal semen sex selection technology (SST(TM)) and KINLYTIC(TM), an anti-thrombotic agent for pulmonary embolism. Microbix develops biological technologies and commercializes them through global partners. The Company has intellectual property in large market biotherapeutic drugs, vaccine technologies and animal reproduction technologies. Established in 1988, Microbix is headquartered in
This press release contains forward-looking statements, which are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements including the risks associated with failure to complete agreements to finance, develop and commercialize KINLYTIC on a timely basis, non-adoption of the drug combination, resistance to business model for commercialization and implementation; risks associated with commercializing the technologies; and risks associated with the efficacy of the drug combination in cancer treatment and the thrombolytic indication. These forward-looking statements represent the Company's judgment as of the date of this press release. The Company disclaims any intent or obligation to update these forward-looking statements.
%SEDAR: 00004220EFor further information: visit www.microbix.com or contact Dr. Mark A. Cochran, Chief Business Officer, (434) 825-4994