Dublin - Cosmo Pharmaceuticals N.V. (SIX: COPN), a specialty pharmaceutical company leader in the field of selected gastrointestinal disorders and endoscopy, announced today that Health Canada has approved Eleview, a sub-mucosal injectable formulation used to facilitate the removal of colonic lesions more safely and quickly.
Eleview will be commercialized in Canada by Pendopharm (Division of Pharmascience Inc.) under an existing license and supply agreement. Eleview already is approved and marketed in the US and EU.
'Approval from Health Canada further expands the geographic reach of this innovative product, providing this new market with an important tool to help removal of mucosal lesions during an endoscopy. We are looking forward to Eleview sales in Canada and U.S. as Pharmascience and our U.S. partner, Medtronic, leverage their well-established marketing organizations.' said Alessandro Della Cha, CEO of Cosmo Pharmaceuticals.
Eleview is a blue injectable liquid composition that is intended for use in gastrointestinal endoscopic procedures for submucosal lift of polyps, adenomas, early-stage cancers, or other gastrointestinal mucosal lesions, prior to removal with a snare or other endoscopic device. Eleview also assists the endoscopist performing the resection procedure by visualizing the margins of the target lesion, thereby decreasing the risk of incomplete resection and potential perforation.
About Cosmo Pharmaceuticals
Cosmo is a specialty pharmaceutical company focused in treating selected Gastrointestinal Disorders and Endoscopy. The Company's proprietary clinical development pipeline specifically addresses innovative treatments for IBD, Colonic Infections and detection of colonic lesions. Cosmo has also developed medical devices for endoscopy and has recently entered into a partnership with Medtronic for the global distribution of its novel Artificial Intelligence device to be used in coloscopies and GI procedures. Further, Cosmo is the licensee for US of the novel agent for procedural sedation, Remimazolam.
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