Biopharma Watch: Access Receives Initial N. American Order
September 15, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) – Access Pharmeceuticals, Inc. (OTCBB: ACCP), a biopharmaceutical firm specializing in products for cancer and supportive care, said that it has received its first commercial order for its oral mucositis product MuGard from BioScrip (NASDAQ: BIOS), its specialty distribution partner.
The firm said that BioScrip's initial purchase order of MuGard, totaling over $700,000, will provide adequate inventory for its various distribution channels to support the company's first phase of its product launch for MuGard.
MuGard is an FDA-approved, ready-to-use mucoadhesive oral wound rinse for the management of oral mucositis, a debilitating side effect of radiation and/or chemotherapy.
Texas-based Access Pharmaceuticals develops and commercializes proprietary products for the treatment and supportive care of cancer patients.
Access' products include ProLindac, currently in Phase II clinical testing of patients with ovarian cancer, and MuGard for the management of patients with mucositis.
The company also has other drug delivery technologies including Cobalamin-mediated targeted delivery and oral drug delivery, its proprietary nanopolymer delivery technology based on the natural vitamin B12 uptake mechanism and Thiarabine, a nucleoside analog for use against certain cancers.
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