DGAP-News: PAION AG
/ Key word(s): Product Launch
16.07.2021 / 11:09
The issuer is solely responsible for the content of this announcement.
PAION LAUNCHES GIAPREZA(R) (ANGIOTENSIN II) FOR THE TREATMENT OF REFRACTORY HYPOTENSION IN ADULTS WITH SEPTIC OR OTHER DISTRIBUTIVE SHOCK IN GERMANY
– GIAPREZA(R) is the first product launched by PAION in Europe
Aachen (Germany), 16 July 2021 – The Specialty Pharma Company PAION AG (PA8; ISIN DE000A0B65S3; Frankfurt Stock Exchange Prime Standard) today announces that GIAPREZA(R) (angiotensin II) has been launched and is now commercially available in Germany for order and delivery to customers through direct sales.
GIAPREZA(R) is approved by the European Commission for the treatment of refractory hypotension in adults with septic or other distributive shock who remain hypotensive despite adequate volume restitution and application of catecholamines and other available vasopressor therapies. GIAPREZA(R) is a synthetic human angiotensin II acting the same way as the body’s endogenous regulatory peptide that is central to the renin-angiotensin-aldosterone system to increase blood pressure.
PAION estimates about 150,000 septic or other distributive shock patients in Europe annually remaining below target blood pressure levels despite treatment with existing therapies leading to a high mortality rate in those critically ill patients. In 2013, the mortality rate of patients in Germany with severe septic shock was as high as almost 60%. Due to this significant unmet need, PAION decided to make GIAPREZA(R) available to patients as soon as possible and before establishing a commercial structure in Germany with other European markets to follow over the course of the next months. The initial focus of the commercial teams across Europe over the first year after launch will be to ensure that GIAPREZA(R) is listed on hospital formularies, based on the unmet needs it can address and the health economic benefits it can deliver.
Dr. Jim Phillips, Chief Executive Officer of PAION AG, stated: “Septic and other distributive shock is a serious condition that results in increased mortality in hospitalized patients. We are excited with this first PAION product launch to bring a new treatment option to critically ill patients who contract this terrible condition.”
PAION plans to launch all of its products – Byfavo(R), GIAPREZA(R) and XERAVA(R) – in a staggered manner by country so that, by the end of 2022, launches will have been conducted in all selected European markets.
About septic or other distributive shock
GIAPREZA(R) (angiotensin II)
The pivotal Phase III trial of angiotensin II for the treatment of high-output shock (ATHOS-3) was a randomized, placebo-controlled, double-blind, international, multicenter Phase III safety and efficacy trial in which 321 adults with septic or other distributive shock who had hypotension despite fluid and vasopressor therapy were randomized 1:1 to GIAPREZA(R) or placebo. The primary efficacy endpoint, an increase in blood pressure, was achieved by 70% of patients randomized to GIAPREZA(R) compared to 23% of patients treated with placebo; p < 0.0001 (a treatment effect of 47%).
The European Summary of Product Characteristics is available on the European Medicines Agency website: www.ema.europa.eu/en/medicines/human/EPAR/giapreza
In addition to Byfavo(R) (remimazolam), PAION has two additional products, GIAPREZA(R) (angiotensin II) and XERAVA(R) (eravacycline), in its portfolio. GIAPREZA(R) is a vasoconstrictor indicated for the treatment of refractory hypotension in adults with septic or other distributive shock who remain hypotensive despite adequate volume restitution and application of catecholamines and other available vasopressor therapies, and was launched in July 2021. XERAVA(R) is a novel fluorocycline type of antibiotic indicated for the treatment of complicated intra-abdominal infections in adults.
PAION’s mission is to be a leading specialty pharmaceutical company in the fields of anesthesia and critical care by bringing novel products to market to benefit patients, doctors and other stakeholders in healthcare.
PAION is headquartered in Aachen (Germany).
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|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1216779|
|End of News||DGAP News Service|