LEAMINGTON SPA, England, Oct. 26, 2009 (PR Newswire Europe) --
v>
-- Single-Vial Formulation Designed to Improve Safety --
Hospira, Inc. (NYSE: HSP), the world leader in generic injectable
pharmaceuticals, today announced the completion of decentralised procedure
(DCP) for generic docetaxel, and expects to launch across most of Europe
between now and the end of 2010. The chemotherapy medication is a generic
version of Sanofi-Aventis' Taxotere(R), which had European sales of
approximately US$1.1 billion in 2008. Unlike previously available product
formulations which require healthcare workers to take a two-step process for
dilution prior to infusion, Hospira's docetaxel comes in a single-vial
formulation that is designed to enhance pharmacists' safety.
"Hospira's single-vial formulation of docetaxel helps improve the safety
and convenience for healthcare providers during drug reconstitution and
manipulation," said Michael Kotsanis, president, Europe, Middle East and
Africa, Hospira. "Introducing an innovative presentation is aligned with our
goal to offer differentiated generic medications with advantages that go
beyond cost savings. The demand for generic oncology drugs continues to grow
strongly across Europe, and Hospira's docetaxel will be launched in a number
of European countries over the next year and a half."
Hospira's docetaxel will be manufactured as part of the company's joint
venture with Zydus Cadila Healthcare, Ltd.
Docetaxel is an anti-mitotic chemotherapy medication mainly used to treat
breast cancer and prostate cancer. It is also used in lung cancer, head and
neck cancer and gastric adenocarcinoma. Hospira's presentations of docetaxel
will include 20 mg, 80 mg and 160 mg single-dose vials. The 160 mg vial is an
additional presentation unavailable for the originator drug.
About Hospira
Hospira is a global specialty pharmaceutical and medication delivery
company dedicated to Advancing Wellness(TM). As the world leader in specialty
generic injectable pharmaceuticals, Hospira offers one of the broadest
portfolios of generic acute-care and oncology injectables, as well as
integrated infusion therapy and medication management solutions. Through its
products, Hospira helps improve the safety, cost and productivity of patient
care. The company is headquartered in Lake Forest, Illinois, United States
and has approximately 14,000 employees. The head office for Hospira in
Europe, Middle East and Africa is in Leamington Spa, UK. Learn more about
Hospira in the UK at www.hospira.co.uk.
Private Securities Litigation Reform Act of 1995 --
A Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995, including a
projected launch date and other statements regarding Hospira's goals and
strategy. Hospira cautions that these forward-looking statements are subject
to risks and uncertainties that may cause actual results to differ materially
from those indicated in the forward-looking statements. Economic,
competitive, governmental, technological and other factors that may affect
Hospira's operations and may cause actual results to be materially different
from expectations include the risks, uncertainties and factors discussed
under the headings "Risk Factors" and "Management's Discussion and Analysis
of Financial Condition and Results of Operations" in Hospira's latest Annual
Report on Form 10-K and subsequent Forms 10-Q filed with the Securities and
Exchange Commission, which are incorporated by reference. Hospira undertakes
no obligation to release publicly any revisions to forward-looking statements
as the result of subsequent events or developments.
Hospira, Inc.