Elan Corporation PLC - Alliance Agreement
08 7월 1997 - 8:44PM
UK Regulatory
RNS No 1041a
ELAN CORPORATION PLC
8th July 1997
DUPONT MERCK AND ELAN ESTABLISH PARKINSON'S DISEASE ALLIANCE
WILMINGTON, DE/DUBLIN, IRELAND, July 8, 1997 - - The DuPont Merck
Pharmaceutical Company (DuPont Merck) and Elan Corporation, plc
(Elan) (NYSE: ELN) announced today their alliance to co-promote in
the United States their respective leading Parkinson's disease
products, Sinemet CR (carbidopa-levodopa sustained release) and
Permax (pergolide mesylate). The alliance will be implemented by
the sales force of Elan's wholly-owned subsidiary, Athena
Neurosciences, Inc (Athena) and DuPont Merck.
The purpose of this alliance is to consolidate and clarify
therapeutic messages given to physicians, said Nick Teti, president
worldwide pharmaceuticals for DuPont Merck. We hope to be able to
impact the quality of life for Parkinson's patients and to seek
better patient outcomes. Sinemet CR is the carbidopa-levodopa
product most prescribed by neurologists in the treatment of
Parkinson's disease. Permax is the leading dopamine agonist
prescribed by neurologists as adjunctive therapy.
Michael D. Coffee, president and chief operating officer of Athena,
commented, DuPont Merck's and Athena's combined ability to
communicate the wealth of experience with Sinemet CR and Permax will
be significantly enhanced through this alliance. Coordinating our
efforts in support of these products will serve to raise awareness
for Parkinson's disease and facilitate its treatment.
Through their alliance, DuPont Merck and Athena intend to
concentrate on providing optimal treatment strategies, educational
programs and ongoing research that can enhance the lives of people
coping with Parkinson's disease. The two companies are establishing
a series of professional and patient programs under the title of
Resources for Action and Living (R.E.A.L.). These informative
programs are intended to educate physicians, patients and caregivers
about Parkinson's disease symptoms and treatments.
More than one million people in the United States suffer from
Parkinson's disease, a progressive neurological disorder that
affects muscle control and movement, negatively impacting a number
of activities of daily living. The disease is believed to be caused
by a lack of dopamine, a neurotransmitter, in the brain.
The DuPont Merck Pharmaceutical Company is a worldwide, research-
based pharmaceutical company. Formed in 1991 as a partnership
between DuPont and Merck & Co., Inc., DuPont Merck is focused on
research, development and delivery of pharmaceuticals to treat unmet
medical needs in the fight against heart disease, central nervous
system disorders, cancer, HIV and arthritis-related disorders.
DuPont Merck markets its products under the DuPont Pharma name. The
company is also a leader in radiopharmaceuticals. Company
headquarters are in Wilmington, Delaware.
Elan is a leading worldwide drug delivery and biopharmaceutical
company with its principal research and manufacturing facilities in
Ireland, the United States and Israel. Elan's shares trade on the
New York, London and Dublin Stock Exchanges.
The statements made in this press release may contain forward-
looking statements that involve a number of risks and uncertainties,
including, without limitation, the continuing degree of market
acceptance of Permax and Sinemet CR, the impact of competitive
products, third party reimbursement risks associated with the
pharmaceutical industry and other risks and uncertainties detailed
from time to time in periodic reports filed by Elan, including its
annual report on Form 20-F.
For further information contact:
Susan Pritchard
Public Affairs, DuPont Merck
Ph: 302-892-7855
Eric J. Liebler
Director, External Relations, Athena
Ph: 415-877-7662
Mary Bingham
Director, Investor Relations, Elan
Ph: 212-755-3218
END
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