Last checked at 20 Nov 2013 07:00
20th November, 2013
Revolymer plc
Revolymer files for marketing approval of its nicotine gum in Europe
Revolymer plc ("Revolymer" or the "Company"), the British polymer technology company, is pleased to announce that, on the 19th November 2013, its wholly-owned UK operating subsidiary Revolymer (U.K.) Limited filed for marketing authorisation in Europe of its proprietary nicotine gum products by submitting an application under Directive 2001/83/EC to the Medicines and Healthcare products Regulatory Agency (MHRA).
If approved, such authorisation will permit the marketing of Revolymer's 2mg and 4mg strength nicotine gum in the UK, Ireland, Poland and Spain. These countries are expected to be the first in Europe where Revolymer's nicotine gum products will be sold. Revolymer has already established a supply and distribution agreement for its nicotine gum in Poland, and aims to conclude commercialisation deals in the UK, Ireland and Spain in due course. The Company also plans to apply for marketing authorisations for additional countries in Europe as it establishes appropriate commercial pathways.
Roger Pettman, Chief Executive of Revolymer said: "I am pleased that our strategy to commercialise our nicotine gum products in Europe is progressing, as demonstrated by the achievement of this latest milestone. We believe that not only is our product bioequivalent to the existing reference product in Europe, but that it has additional benefits that consumers will value, namely a more confectionery-like chew."
The establishment of further nicotine gum commercialisation deals in Europe and the filing for regulatory approval of its nicotine gum in the US are expected to be the subject of future announcements by the Company.
Ends
For further information please contact:
Revolymer plc | +44 (0) 1244 283 500 |
Roger Pettman Rob Cridland
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Panmure Gordon (UK) Limited | +44 (0) 20 7886 2500 |
Callum Stewart / Adam James (Corporate Finance) Adam Pollock / Charles Leigh-Pemberton (Corporate Broking) |
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Citigate Dewe Rogerson | +44 (0)20 7282 2945 |
David Dible / Ginny Pulbrook/Malcolm Robertson
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About Revolymer
Revolymer is a technology company that designs, develops and formulates novel polymers to improve the performance of existing consumer products within the fast moving consumer goods (FMCG) and other industrial markets. Revolymer aims to generate significant and growing high quality revenue streams by licensing its unique technologies to manufacturers and marketers within these markets. Potential applications for the business's technologies are in the household products, personal care and coatings & adhesives product areas (together "Consumer Specialties") and in medicated chewing gum (including nicotine gum) and confectionery chewing gum (together "Gum").
www.revolymer.com