ANI PHARMACEUTICALS, INC. (NASDAQ:ANIP) Files An 8-K Other Events
Item 8.01. Other Events
On June 1, 2020, ANI Pharmaceuticals, Inc. (the “Company”) issued a press release providing an update on the timeline for resubmission of its supplemental New Drug Application (“sNDA”) for Cortrophin® Gel. As previously disclosed, the Company received a Refusal to File (“RTF”) letter regarding its sNDA for Cortrophin® Gel from the U.S. Food and Drug Administration (“FDA”) in April 2020. The Company has decided to concentrate its efforts on a resubmission of its sNDA, which will address the items identified in the RTF letter, and will not request a Type A meeting with the FDA at this time. The Company has retained a prominent regulatory consulting firm to support its plan to conduct a comprehensive review of the sNDA before resubmission. The Company currently expects to resubmit its sNDA for Cortrophin® Gel upon completion of the review process. A copy of the Company’s press release is attached hereto as Exhibit 99.1.
Forward-Looking Statements
To the extent any statements made in this report deal with information that is not historical, these are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the Company’s beliefs regarding its review and observations relating to its initial Cortophin® Gel sNDA filing, the Company’s beliefs concerning its ability to satisfactorily respond to the matters raised in the FDA’s RTF letter in a resubmission of the filing, the Company’s beliefs concerning the information and activities required to resubmit to the FDA the Cortophin® Gel sNDA filing, the timing of resubmission of the Company’s sNDA to the FDA and the timing and outcome of the FDA’s review of any resubmitted sNDA relating to the Cortophin® Gel product.
These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause the Company’s actual results to be materially different from these forward-looking statements. There can be no assurances that the results of the additional review and refiling plan will be successful, that the Company will be able to successfully develop the additional information that may be required for resubmission of the sNDA, or concerning the timing of completion of development of any additional information for resubmission of the sNDA. In addition, there can be no assurance that the FDA will conclude that any sNDA that the Company resubmits will satisfactorily respond to the matters raised in the FDA’s RTF letter, or concerning the timing of any resubmission by the Company of the sNDA, that the FDA will approve our sNDA relating to our Cortophin® Gel product or concerning the timing of any future action by the FDA on our sNDA, regarding the commercialization options that the Company will pursue if our sNDA is approved, or that the product will be able to compete successfully in the market if approved and launched.
Certain of these risks are described more fully in the Company’s filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as well as its proxy statement. All forward-looking statements in this report speak only as of the date of this report and are based on the Company’s current beliefs, assumptions, and expectations. The Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Item 9.01 Financial Statements and Exhibits
| 99.1 | Press release dated June 1, 2020. |
ANI PHARMACEUTICALS INC Exhibit
EX-99.1 2 tm2021403d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 ANI Pharmaceuticals Provides Update on Recent Regulatory Filing Baudette,…
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About ANI PHARMACEUTICALS, INC. (NASDAQ:ANIP)
ANI Pharmaceuticals, Inc. is an integrated specialty pharmaceutical company. The Company is engaged in developing, manufacturing and marketing branded and generic prescription pharmaceuticals. The Company’s focused areas of product development include anti-cancer (oncolytics), hormones and steroids, and complex formulations. Its generic products include Esterified Estrogen with Methyltestosterone, Etodolac, Flecainide, Fluvoxamine, Hydrocortisone Enema, Methazolamide, Metoclopramide Syrup, Nimodipine, Opium Tincture, Oxycodone Oral Solution, Propafenone and Vancomycin. Its branded products include Cortenema, Lithobid, Reglan and Vancocin. It has over two pharmaceutical manufacturing facilities located in Baudette, Minnesota that are capable of producing oral solid dose products, as well as liquids and topicals, controlled substances, and potent products. Its two facilities have a combined manufacturing, packaging and laboratory capacity totaling approximately 173,000 square feet.