Stephen M. Simes, President and CEO of BioSante Pharmaceuticals, Inc., Talks to The Wall Street Transcript
16 Gennaio 2007 - 3:00PM
Business Wire
The Wall Street Transcript has published an in-depth interview with
Stephen M. Simes, president and CEO of BioSante Pharmaceuticals,
Inc. (AMEX:BPA) in which he talks at length about the Company. The
entire 2,500 word interview is available free online at
http://www.twst.com/ceos.htm. BioSante is developing a pipeline of
hormone therapy products to treat both men and women. BioSante�s
hormone therapy products are gel formulations for transdermal
administration that deliver bioidentical estradiol and
testosterone. The company also is developing its calcium phosphate
nanotechnology (CaP) for novel vaccines, including avian flu and
biodefense vaccines for toxins such as anthrax, and drug delivery
systems. Regarding the company�s objectives Mr. Simes stated, �Our
focus today is in hormone therapy products. We recently received
FDA approval of our first product, Elestrin�, which is an estrogen
gel approved for the treatment of hot flashes in menopausal women,
a $1.3 billion market. Elestrin will be the lowest dose of
estradiol on the market to treat hot flashes. Elestrin will be
launched in mid-2007. In addition, we have initiated a Phase III
clinical trial of LibiGel�, our testosterone gel, for the treatment
of female sexual dysfunction, a potential $2.0 billion market. We
also are working on our calcium phosphate-based nanotechnology in
the area of improved vaccines and protein delivery.� When asked
about the company�s current position Mr. Simes stated, �The
business plan right now is to introduce our transdermal estradiol
gel, Elestrin, through Bradley Pharmaceuticals, (NYSE:BDY) and
conduct our Phase III clinical trials of LibiGel for the treatment
of female sexual dysfunction. One of the key parts of operating a
small company like ours is focus, and this is our focus.� The Wall
Street Transcript does not endorse the views of any interviewees
nor does it make stock recommendations. For subscription
information call 800/246-7673. This news release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The statements regarding
BioSante contained in this news release that are not historical in
nature, particularly those that utilize terminology such as "may,"
"will," "should," "likely," "expects," "anticipates," "estimates,"
"believes," "plans," "hopes," or comparable terminology, are
forward-looking statements. Forward-looking statements are based on
current expectations and assumptions, and entail various risks and
uncertainties that could cause actual results to differ materially
from those expressed in such forward-looking statements. Important
factors known to BioSante that cause actual results to differ
materially from those expressed in such forward-looking statements
are the difficulty of developing pharmaceutical products, the
success of clinical testing, obtaining regulatory and other
approvals and achieving market acceptance, and other factors
identified and discussed from time to time in BioSante's filings
with the Securities and Exchange Commission, including those
factors discussed in BioSante's most recent Forms 10-K and 10-Q,
which discussion also is incorporated herein by reference. All
forward-looking statements speak only as of the date of this news
release. BioSante undertakes no obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.
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