WATERTOWN, Mass.--(BUSINESS WIRE)--
pSivida Corp. (NASDAQ:PSDV; ASX:PVA), a leader in the development of
sustained release drug delivery products for treating eye diseases,
today announced Dr. Paul Ashton, president and CEO of pSivida Corp.,
will present at the International Symposium on Ocular Pharmacology and
Therapeutics Clinical meeting in Berlin, Germany July 9-12, 2015. This
meeting will focus on the significant revolution that has and continues
to take place with new drugs and modes of delivery to treat eye disease.
Dr. Ashton's presentation is part of the "Innovation in Ophthalmology"
section to be held on Saturday, July 11.
pSivida's patented Durasert™ technology, which can deliver drug for a
predetermined period ranging from months to years, is the basis of three
of only four sustained release products approved by the FDA to treat
back of the eye diseases. The most recent is ILUVIEN® for diabetic
macular edema, and Medidur™ for posterior uveitis is in Phase III
clinical trials. These products, which use the same injectable
micro-insert, provide sustained delivery of a corticosteroid to the back
of the eye for three years from a single injection.
"Back of the eye disease present significant challenges to traditional
delivery methods," Dr. Ashton said. "Eye drops have difficulty reaching
the back of the eye; systemically administered drugs can cause
significant side effects when delivered in sufficient quantity to reach
the back of the eye; and injections of drugs directly to the back of the
eye typically have transient therapeutic effect, requiring frequent
injections. Our technology can provide extended delivery over months or
years at a controlled, sustained release rate directly to the target
site. "
This meeting marks the 12th gathering of the ISOPT Clinical,
offering a relevant and updated scientific program that provides for
direct interactions of its delegates, who are physicians and researchers
from throughout the world.
About pSivida Corp.
pSivida Corp. (www.psivida.com),
headquartered in Watertown, MA, is a leader in the development of
sustained release, drug delivery products for treating eye diseases.
pSivida has developed three of only four FDA-approved treatments for
back-of-the-eye diseases. The most recent, ILUVIEN®, a micro-insert for
diabetic macular edema, is licensed to Alimera Sciences and sold in the
U.S. and four EU countries. Retisert®, an implant for posterior
uveitis, is licensed to and sold by Bausch & Lomb. pSivida's lead
product candidate, Medidur™, a micro-insert for posterior uveitis, is
currently in pivotal phase III clinical trials with an NDA anticipated
in the first half of 2017. pSivida's preclinical development program is
focused on using its core platform technologies, Durasert™ and/or
Tethadur™, to deliver drugs and biologics to treat wet and dry
age-related macular degeneration (AMD), glaucoma, osteoarthritis and
other diseases.
SAFE HARBOR STATEMENTS UNDER THE PRIVATE SECURITIES LITIGATION REFORM
ACT OF 1995: Various statements made in this release are
forward-looking, and are inherently subject to risks, uncertainties and
potentially inaccurate assumptions. All statements that address
activities, events or developments that we intend, expect or believe may
occur in the future are forward-looking statement Some of the factors
that could cause actual results to differ materially from the
anticipated results or other expectations expressed, anticipated or
implied in our forward-looking statements include uncertainties with
respect to: actual final IOP safety results for Medidur Phase III
trials; ability to achieve profitable operations and access to capital;
fluctuations in operating results; further impairment of intangible
assets; decline in Retisert royalties; successful commercialization of,
and receipt of revenues from, ILUVIEN for DME; effect of pricing and
reimbursement decisions on sales of ILUVIEN for DME; consequences of
fluocinolone acetonide side effects; number and cost of clinical trials
and data necessary to support an NDA for, approval by Indian regulators
of the trial design for, timing of filing the NDA for, and regulatory
approval and successful commercialization of, Medidur; delays in
completion of clinical trials; increases in cost of clinical trials;
changes in, or misunderstandings with respect to, FDA guidance on
required clinical trials; development of the Latanoprost Product and any
exercise by Pfizer of its option; ability of Tethadur to successfully
deliver large biologic molecules and to develop products using it;
ability to successfully develop product candidates, complete clinical
trials and receive regulatory approvals; ability to market and sell
products; success of current and future license agreements; termination
of license agreements; effects of competition and other developments
affecting sales of products; market acceptance of products; effects of
guidelines, recommendations and studies; protection of intellectual
property and avoiding intellectual property infringement; retention of
key personnel; product liability; industry consolidation; compliance
with environmental laws; manufacturing risks; risks and costs of
international business operations; legislative or regulatory changes;
volatility of stock price; possible dilution; absence of dividends; and
other factors described in our filings with the SEC. You should read and
interpret any forward-looking statements together with these risks.
Should known or unknown risks materialize, or should underlying
assumptions prove inaccurate, actual results could differ materially
from past results and those anticipated, estimated or projected in the
forward-looking statements. You should bear this in mind as you consider
any forward-looking statements. Our forward-looking statements speak
only as of the dates on which they are made. We do not undertake any
obligation to publicly update or revise our forward-looking statements
even if experience or future changes makes it clear that any projected
results expressed or implied in such statements will not be realized.
Follow pSivida on social media:
Twitter: https://twitter.com/pSividaCorp
Facebook: https://www.facebook.com/pages/PSivida-Corp/544893792199562
LinkedIn: http://www.linkedin.com/company/psivida
Google+: https://plus.google.com/u/0/b/113754643626984244726/113754643626984244726/posts
The President's Blog: http://www.thechairmansblog.com/paul-ashton
For more information on pSivida, visit www.psivida.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150624005189/en/
Martin E. Janis & Company, Inc.
Beverly Jedynak
President
T:
312-943-1123
M: 773-350-5793
bjedynak@janispr.com
Source: pSivida Corp.
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