"Adopting the Juniper Pharmaceuticals brand marks the next step in the Company's return to developing specialty products in women's health. We are committed to anticipating and addressing unmet medical needs and developing important therapeutics for patients," said Frank Condella, President and CEO.
The Company's wholly owned subsidiary,
"The single Juniper brand formalizes the synergies we have built across our CRINONE® franchise, services business and proprietary product development programs," concluded Mr. Condella.
As planned, in March the Company filed an Investigational New Drug application for its lead product candidate, COL-1077, a 10% lidocaine bioadhesive gel. The Company expects the first patient will enter a Phase II clinical trial later this quarter. The trial is a randomized, double-blinded, placebo controlled study that will enroll 150 patients at fifteen U.S. sites that intends to evaluate the efficacy of COL-1077 for use as an acute anesthetic for women undergoing transvaginal pipelle-directed endometrial biopsy.
The Company recently announced the licensure of worldwide exclusive rights to a novel intra-vaginal ring ("IVR") technology that enables the delivery of one or more pharmaceuticals at different dosages and release rates in a single segmented ring. This patient administered device will be utilized as a key drug delivery platform for the Company's emerging proprietary product pipeline. The IVR technology was developed by renowned scientists Dr.
The Company's value creation strategy is to support the continued growth of the CRINONE® franchise by its partners Merck Serono and
About Columbia Laboratories
CRINONE® is a registered trademark of
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