Dallas-Fort Worth, TX (October 8, 2014) – Neos Therapeutics, Inc. (“Neos”), a specialty pharmaceutical company with a portfolio of novel and proprietary oral drug delivery technologies as well as a late-stage pipeline of innovative extended release (“XR”) products for Attention Deficit Hyperactivity Disorder (“ADHD”), announced today that is has been granted a key patent (US Patent No. 8,840,924) covering its XR-oral disintegrating tablet (“ODT”) technology, known as Rapidly Disintegrating Ionic Masking™ (RDIM™).
RDIM™ utilizes an orally disintegrating, controlled release, taste-masked pharmaceutical composition that can withstand compression forces associated with standard tableting technology, allowing for a drug to be incorporated into the ODT dosage form using ion resin technology. This technology not only provides extended release or controlled release properties, it can also mask the unpleasant taste of the drugs.
ODTs are tablets that disintegrate quickly when placed on the tongue and thus facilitate ingestion of a tablet. By combining the ODT dosage form with controlled release properties, Neos’ XR-ODT formulations can benefit those patients who have difficulty swallowing intact tablets and capsules and who require extended release products. XR-ODTs are easily transported, can be taken without liquid and provide convenient and easy to administer dosage form for patients and caregivers.
“This XR-ODT technology is embedded in two near-term products that Neos is developing. NT-0102 is an XR-ODT of Methylphenidate and NT-0202 is an XR-ODT of Amphetamine. Methylphenidate and Amphetamine are two of the most prescribed compounds for the treatment of ADHD. The application of XR-ODT technology to ADHD was obvious as the medications for ADHD need to be administered effectively and last all day long,” stated Vipin K. Garg, Ph.D., President and CEO of Neos.
“This patent further strengthens Neos’ intellectual property position and further protects our proprietary product candidates,” said Mark Tengler, Chief Technology Officer of Neos. “We believe that our XR-ODT technology will have a broad applicability in multiple therapeutic areas.”
About Neos Therapeutics
Neos Therapeutics, Inc. is a fully integrated specialty pharmaceutical company. The Company is initially focusing on ADHD with three proprietary products in late-stage development that provide patient-friendly dosage forms incorporating controlled and extended release oral disintegrating tablets (ODT) and liquid suspensions. In addition, Neos manufactures and markets a Generic of Tussionex®, for the treatment of cough and cold. The Company’s products are developed and manufactured using its proprietary and patented ion resin technology. For more information, visit www.neostx.com.
About CMEA Capital
CMEACapital is a San Francisco-based venture capital firm with a clear focus on life sciences, high technology, and energy and materials investments. They believe that the most successful venture backed companies are those that are science based, with experienced teams that have a vision. As a result, CMEA Capital typically invests in companies that have cutting edge and highly differentiated technology at their core and founding teams of the highest caliber still in place. These are companies that have the potential to transform their industries.
This press release contains certain forward-looking statements that include projections and may also include words such as may, will, expects, believes, anticipates, plans, estimates, seeks, could, intends, and other similar expressions. These forward-looking statements involve risks, uncertainties, assumptions and other factors that are difficult to predict and that could cause actual results to vary materially from what is expressed in or indicated by the forward-looking statements.
Vipin K. Garg, Ph.D. Richard I. Eisenstadt
President and CEO Chief Financial Officer
Neos Therapeutics Neos Therapeutics
(919) 434-6643 (972) 408-1389