Shield Therapeutics plc
("Shield" or the "Company" or the "Group")
ACCRUFeR® Approved by Health Canada
ACCRUFeR® is the only oral iron therapy approved as a prescription drug in
In accordance with the collaborative agreement, Shield is now due to receive a
Anders Lundstrom, Interim CEO of Shield, commented: "We are delighted with the progress made in partnership with Kye since the signing of the license agreement in January 2022. Both organisations have demonstrated excellent collaboration and are driven to make ACCRUFeR® available to patients in
John McKendry, President and CEO of Kye, commented: "ACCRUFeR® will be the only prescription oral therapy available in
For further information please contact:
Shield Therapeutics plc |
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Anders Lundstrom, Interim CEO Santosh Shanbhag, CFO |
+44 (0) 191 511 8500 |
Nominated Adviser and Joint Broker |
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Peel Hunt LLP |
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James Steel / Patrick Birkholm |
+44 (0)20 7418 8900 |
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Joint Broker Cavendish Ltd Geoff Nash / Rory Sale / Nigel Birks / Harriet Ward |
+44 (0)20 7220 0500 |
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Financial PR & IR Advisor |
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Walbrook PR |
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Charlotte Edgar / Alice Woodings |
+44 (0)20 7933 8780 or shield@walbrookpr.com |
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About Iron Deficiency and ACCRUFeR®/FeRACCRU®
Clinically low iron levels (aka iron deficiency, ID) can cause serious health problems for adults of all ages, across multiple therapeutic areas. Together, ID and ID with anaemia (IDA) affect about 20 million people in the
In
ACCRUFeR®/FeRACCRU® (ferric maltol) is a novel, stable, non-salt-based oral therapy for adults with ID/IDA. ACCRUFeR®/FeRACCRU® has a novel mechanism of absorption compared to other oral iron therapies and has been shown to be an efficacious and well-tolerated therapy in a range of clinical trials. More information about ACCRUFeR®/FeRACCRU®, including the product label, can be found at: www.accrufer.com and www.feraccru.com.
About Shield Therapeutics plc
Shield is a commercial-stage specialty pharmaceutical company that delivers ACCRUFeR®/FeRACCRU® (ferric maltol), an innovative and differentiated pharmaceutical product, to address a significant unmet need for patients suffering from iron deficiency, with or without anaemia. The Company has launched ACCRUFeR® in the
ACCRUFeR®/FeRACCRU® has patent coverage until the mid-2030s.
ACCRUFeR®/FeRACCRU® are registered trademarks of Shield Therapeutics.
About KYE Pharmaceuticals Inc.
Kye is a growth-stage Canadian specialty pharmaceutical company committed to bringing value to Canadians by identifying, licensing, and commercializing novel prescription medicines that may not otherwise be available to patients across
Forward-Looking Statements:
This press release contains forward-looking statements. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements. These forward-looking statements are based on management's current expectations and include statements related to the commercial strategy for ACCRUFeR®/FeRACCRU®. These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties, many of which are beyond our control, that may cause actual results and performance or achievements to be materially different from management's expectations expressed or implied by the forward-looking statements, including, but not limited to, risks associated with the Company's business and results of operations, competition and other market factors. The forward-looking statements made in this press release represent management's expectations as of the date of this press release, and except as required by law, the Company disclaims any obligation to update any forward-looking statements contained in this release, even if subsequent events cause its views to change.
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