Rifamycin SV MMX is marketed in the US under the brand name Aemcolo by
Cosmo will receive a milestone payment of
About Aemcolo/RelaFalk/Stadmycin
Aemcolo/RelaFalk/Stadmycin is a pharmaceutical drug product containing rifamycin SV formulated with the MMX technology. Aemcolo/RelaFalk/Stadmycin contains a broad spectrum, semi-synthetic, orally non-absorbable antibiotic, and has been approved in the US and in the EU for the treatment of traveler's diarrhea caused by non-invasive E. coli strains. The application of MMX technology to rifamycin SV allows the antibiotic to be delivered directly into the colon, avoiding unwanted effects on the beneficial bacterial flora living in the upper portions of the gastro-intestinal tract. The specific dissolution profile of Aemcolo/RelaFalk/Stadmycin tablets is thought to increase the colonic disposition of the antibiotic so that an optimized intestinal concentration is achieved thus avoiding its systemic absorption in the small intestine.
About
Cosmo is a specialty pharmaceutical company focused on developing and commercialising products to treat selected gastrointestinal disorders and improve endoscopy quality measures through aiding the 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 GI Genius its artificial intelligence device for use in coloscopies and GI procedures. Cosmo has licensed Aemcolo to Red Hill Biopharma and is the licensee of BYFAVO (Remimazolam) for the
Contact:
Tel: +353 1 817 03 70
Email: ndonnelly@cosmopharma.com
Disclaimer
Some of the information contained in this press release contains forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. Cosmo undertakes no obligation to publicly update or revise any forward-looking statements.
This communication is not an offer of securities of any issuer. Securities may not be offered or sold in
The offer will be made solely by means of, and on the basis of, a securities prospectus to be published. An investment decision regarding the securities to be publicly offered should only be made on the basis of the securities prospectus.
This press release is made to and directed only at (i) persons outside the
This press release does not constitute an 'offer of securities to the public' within the meaning of Directive 2003/71/EC of the
(C) 2020 Electronic News Publishing, source