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TITAN PHARMACEUTICALS ANNOUNCES PHASE 3 PROBUPHINE® DATA PRESENTATION AT THE AMERICAN SOCIETY OF ADDICTION MEDICINE (ASAM) 43rd MEDICAL-SCIENTIFIC CONFERENCE
SOUTH SAN FRANCISCO, CA April 20, 2012 – Titan Pharmaceuticals, Inc. (TTNP.OB) today announced that positive efficacy and safety results from its confirmatory Phase 3 clinical trial evaluating Probuphine® in patients with opioid dependence will be presented during a poster presentation at the American Society of Addiction Medicine (ASAM) 43rd Medical-Scientific Conference being held April 19-22, 2012 in Atlanta.
The poster presentation, “Results of a Six-Month, Randomized, Controlled, Confirmatory Phase 3 Trial Comparing the Efficacy and Safety of Buprenorphine Implants to Placebo Implants, and Sublingual Buprenorphine/Naloxone for Opioid Addiction,” will be presented by Katherine Beebe, Ph.D., Executive Vice President and Chief Development Officer of Titan, on Friday, April 20, 2012 at 1:30 p.m. ET. Following the presentation, the poster will also be available in the ‘Resources’ section on the Titan website at www.titanpharm.com.
Probuphine New Drug Application
Probuphine was developed using ProNeura™, Titan’s continuous drug delivery system that consists of a small, solid rod made from a mixture of ethylene-vinyl acetate (EVA) and a drug substance. The resulting product is a solid matrix that is placed subcutaneously, normally in the upper arm in a simple office procedure, and is removed in a similar manner at the end of the treatment period. The drug substance is released slowly, at continuous levels, through the process of diffusion. This results in a constant rate of release similar to intravenous administration.
About Titan Pharmaceuticals
For information concerning Titan Pharmaceuticals, Inc., please visit the Company's website at www.titanpharm.com
The press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to the Company's development program and any other statements that are not historical facts. Such statements involve risks and uncertainties, including, but not limited to, those risks and uncertainties relating to difficulties or delays in development, testing, regulatory approval, production and marketing of the Company's drug candidates, adverse side effects or inadequate therapeutic efficacy of the Company's drug candidates that could slow or prevent product development or commercialization, the uncertainty of patent protection for the Company's intellectual property or trade secrets, and the Company's ability to obtain additional financing. Such statements are based on management's current expectations, but actual results may differ materially due to various factors, including those risks and uncertainties mentioned or referred to in this press release.