February 22, 2000
UNITED THERAPEUTICS SIGNS CANADIAN DISTRIBUTION AGREEMENT WITH PALADIN LABS FOR UNIPROST
Silver Spring, MD, Research Triangle Park, NC, and Montreal, Quebec -- February 22, 2000: United Therapeutics Corporation (NASDAQ: UTHR) announced today that it has entered into an agreement with Paladin Labs Inc. (TSE: PLB) to be the exclusive Canadian distributor of Uniprost, also referred to as UT-15, for the remainder of the clinical trials and after regulatory approvals.
Uniprost is a synthetic variation of the prostacyclin molecule which is produced within the body in order to keep blood vessels healthy. The drug currently is in Phase 3 clinical studies for the treatment of pulmonary hypertension, a generally fatal disorder.
Martine Rothblatt, Chairman & CEO of United Therapeutics, commented, "Canada is a complex regulatory environment and we have chosen Paladin as our Canadian distributor of Uniprost because of their proven expertise in obtaining formulary reimbursement and in marketing specialty therapeutics."
Jonathan Goodman, President & CEO of Paladin, said, "We are pleased to have been selected by United Therapeutics to bring this important advance in the treatment of pulmonary hypertension to Canada. We look forward to working with the Canadian pulmonary hypertension community, which is a highly concentrated and dedicated group of patients and physicians.".
United Therapeutics is a pharmaceutical company focused on pulmonary hypertension, peripheral vascular disease and other chronic conditions.
Paladin Labs, headquartered in Montreal, Quebec is a Canadian developer, marketer and distributor of innovative pharmaceuticals, currently offering products in urology, dermatology, rheumatology and other specialty markets. For more information about Paladin, please visit the Paladin Web Site at www.paladin-labs.com or send e-mail to info@paladin-labs.com.
Paladin Labs Inc. is a public company whose shares trade on the Toronto Stock Exchange and the Canadian Venture Exchange under the symbol PLB.
For more information, please contact:
Lennie Ryer
Jason Hogan
Therese Fergo CFO
Investor Relations
Director, Finance and Investor Relations
Paladin Labs Inc.
The Equicom Group Inc.
United Therapeutics
514-340-5067
416-815-0700 ext. 222
301-608-9292
Fax:514-344-4675 Fax:416-815-0080 Fax:301-608-9291 Email:lryer@paladin-labs.com
Email:jhogan@equicomgroup.com
E-mail: therese@unither.com
Internet: www.paladin-labs.com
Internet: www.equicomgroup.com
Internet:www.unitedtherapeutics.com
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements or predictions. These statements represent our judgement as of this date and are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed in such forward-looking statements. Potential risks and uncertainties include, without limitation, those associated with product development, clinical trials, future revenues and profitability, and obtaining marketing approval