TORONTO, Oct. 31, 2019 /CNW/ - Teva Canada Limited, a subsidiary of Teva Pharmaceutical Industries Ltd., announced the launch of PrTeva-Fingolimod 0.5 mg capsules, a Health Canada approved, bioequivalent generic version of PrGilenya® (fingolimod hydrochloride) in Canada.
PrTeva-Fingolimod (fingolimod hydrochloride) is indicated as monotherapy for the treatment of patients with the relapsing-remitting form of multiple sclerosis (MS) to reduce the frequency of clinical exacerbations and to delay the progression of physical disability. PrTeva-Fingolimod is generally recommended in MS patients who have had an inadequate response to, or are unable to tolerate, one or more therapies for multiple sclerosis.
"MS is known as 'Canada's disease' as our country has the highest prevalence in the world,i with over 77,000 Canadians currently living with this chronic neurological conditionii," said Christine Poulin, Senior Vice President and General Manager, Teva Canada. "With the launch ofPrTeva-Fingolimod, we are pleased to offer patients a cost-effective, bioequivalent treatment option to PrGilenya® and, through the Teva-FingolimodPatient Care ProgramSM, individualized support and a seamless transition process from brand to generic."
Teva-Fingolimod Patient Care ProgramSM
The Teva-Fingolimod Patient Care ProgramSM is designed to support the patient journey for those taking PrTeva-Fingolimod. It will support patients who are moving from the brand (PrGilenya®) medication to Teva Canada's bioequivalent generic version (PrTeva-Fingolimod) and new patients who are starting fingolimod hydrochloride treatment for the first time.
Fingolimod hydrochloride (brand: PrGilenya®) had annual sales of approximately $103 million in Canada, based on IQVIA sales data as of August 2019. PrTeva-Fingolimod is available immediately to pharmacies across Canada. The launch of PrTeva-Fingolimod demonstrates Teva Canada's research and development capabilities and desire to continue to provide patients with a range of treatment options and resources.
About Multiple Sclerosis
MS is currently classified as an autoimmune disease of the central nervous system (brain, spinal cord). The disease attacks myelin, the protective covering of the nerves, causing inflammation and often damaging the myelin. Myelin is necessary for the transmission of nerve impulses through nerve fibres. MS is unpredictable and can cause symptoms such as extreme fatigue, lack of coordination, weakness, tingling, impaired sensation, vision problems, bladder problems, cognitive impairment and mood changes. Its effects can be physical, emotional and financial.iii It affects three times as many women as men and strikes people in the prime of their lives, as the average age of onset is 31.iv Canada has one of the highest rates of multiple sclerosis (MS) in the world, with an average of 8 women and 3 men diagnosed with MS every day.v
MS is divided into several basic categories, depending on the pattern of the individual's disease. Relapsing remitting MS is a category characterized by unpredictable but clearly defined periods during which symptoms are apparent. These ''relapses" are also known as episodes, attacks, exacerbations, or flare-ups. Relapses can last for varying periods (from a few days to several months) and are followed by periods of recovery, or 'remission' during which many functions return. About 85% of people are diagnosed with this form of MS.vi
Helping People Live Better Days
At Teva, we care deeply about the wellbeing of the patients, caregivers and communities who rely on us. We serve 200 million people every day, with a promise to help them take better control of their health. From our role as a global leader in generic and brand-name medicines to the innovative solutions we create for our healthcare partners, we offer a unique perspective on health—here in Canada and around the world.
About Teva Canada Limited
Teva Canada Limited, headquartered in Toronto, has provided affordable healthcare solutions for over 50 years, with sales of more than $1 billion in 2018 and nearly 225,000 prescriptions filled with our products every dayvii. Originally Novopharm Limited, Teva Canada Limited specializes in the development, production and marketing of high-quality generic prescription pharmaceuticals and through our branded division, Teva Canada Innovation, focuses on a diverse line of innovative products in a variety of therapeutic areas. Teva Canada employs more than 1,000 professionals, markets over 385viii products in 1,000 SKUs in Canada and is a subsidiary of Teva Pharmaceutical Industries Ltd., the world's largest generic drug maker. For more information, visit: www.tevacanada.com
Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) has been developing and producing medicines to improve people's lives for more than a century. We are a global leader in generic and specialty medicines with a portfolio consisting of over 35,000 products in nearly every therapeutic area. Around 200 million people around the world take a Teva medicine every day, and are served by one of the largest and most complex supply chains in the pharmaceutical industry. Along with our established presence in generics, we have significant innovative research and operations supporting our growing portfolio of specialty and biopharmaceutical products. Learn more at http://www.tevapharm.com
For further information: IR Contacts : United States, Kevin C. Mannix, (215) 591-8912; Israel, Ran Meir, 972 (3) 926-7516; PR Contacts : United States, Doris Li, (973) 265-3752; Israel, Yonatan Beker, 972 (54) 888 5898