BELLEVILLE, ON, July 15, 2013 /CNW/ - Bioniche Life Sciences Inc. (TSX:
BNC) (ASX: BNC), a research-based, technology-driven Canadian
biopharmaceutical company, today announced that regulatory authorities
in seven European countries have agreed to register its top-selling
animal health product - Folltropin®. The countries are Austria, Czech Republic, Denmark, Finland, France,
Germany and Poland. Formal marketing authorizations have been issued in
four EU markets - Austria, Denmark, France and Germany - and the other
approvals are expected to follow within the next several weeks. Folltropin® is a global market leading follicle stimulating hormone that is used to
superovulate reproductively mature cattle.
Folltropin® has previously been sold in Canada, the United States, Australia, New
Zealand, Mexico, Brazil, Argentina and other Latin American countries,
Korea, South Africa, China, the Netherlands, UK, Italy, Spain and
"The market authorization for seven new European markets for Folltropin® is an important milestone for our Animal Health business," said Mr.
Andrew Grant, President, Bioniche Animal Health (global). "These
additional markets represent approximately $1 million CAD in new sales
revenue potential in the first year following launch, with further
growth in the future."
There are a few steps to be undertaken prior to the launch of Folltropin® in these new jurisdictions. It is anticipated that market launch will
occur within 90 days of the final approvals.
About Bioniche Life Sciences Inc.
Bioniche Life Sciences Inc. is a research-based, technology-driven
Canadian biopharmaceutical company focused on the discovery,
development, manufacturing, and marketing of proprietary and innovative
products for human and animal health markets worldwide. The
fully-integrated company employs more than 200 skilled personnel and
has three operating divisions: Human Health, Animal Health, and Food
Safety. The Company's primary goal is to develop and commercialize
products that advance human or animal health and increase shareholder
Bioniche Animal Health develops, manufactures and markets veterinary
biopharmaceutical products worldwide. In North America, it has
development, manufacturing and marketing facilities in Belleville,
Ontario, Canada, Athens, Georgia, U.S.A. and Pullman, Washington,
U.S.A. In Australia, business is conducted from two sites: Sydney, New
South Wales, where sales and marketing, customer support and technical
service are located; and Armidale, New South Wales, where research,
development and manufacturing facilities are located.
For more information, please visit www.Bioniche.com.
Except for historical information, this news release may contain
forward-looking statements that reflect the Company's current
expectation regarding future events. These forward-looking statements
involve risk and uncertainties, which may cause, but are not limited
to, changing market conditions, the successful and timely completion of
clinical studies, the establishment of corporate alliances, the impact
of competitive products and pricing, new product development,
uncertainties related to the regulatory approval process, and other
risks detailed from time to time in the Company's ongoing quarterly and
SOURCE: Bioniche Life Sciences Inc.
For further information:
Jennifer Shea, Vice-President, Communications, Investor & Government Relations
Bioniche Life Sciences Inc.
Telephone: (613) 966-8058; from Australia: 0011 1 613-966-8058
Cell: (613) 391-2097; from Australia: 0011 1 613-391-2097