Zila Receives Indefinite OraTest Marketing Authorization in Seven European Countries
October 28 2008 - 12:30PM
Business Wire
Zila, Inc. (NASDAQ:ZILAD) today announced that the U.K. Medicines
and Healthcare products Regulatory Agency (MHRA) has issued an
indefinite renewal of the marketing authorization for OraTest�, the
company�s proprietary oral cancer diagnostic kit. Under the
European Union�s (EU) mutual recognition process, the company
expects to receive renewal licenses for member states including
Finland, Greece, Luxembourg, The Netherlands, Belgium, the U.K. and
Portugal, over the next 30 to 60 days. The combined population of
these seven countries exceeds 100 million. The company is seeking
marketing partners in the seven EU countries. OraTest is indicated
as an adjunct to visual examination in patients considered at high
risk for having high-grade premalignancies or malignant lesions.
The product can also be used to monitor patients with previously
treated oral squamous cell carcinoma for recurrent disease. The kit
contains Zila�s patented, pharmaceutical grade tolonium chloride
rinse product. �Adding OraTest to our international product
portfolio provides the opportunity to expand the potential market
for our oral cancer screening and testing product franchise,� said
David Bethune, Zila�s chairman and chief executive officer. �The
OraTest diagnostic kit and ViziLite� Plus, our proprietary oral
cancer screening technology, are complementary products with
distinct indications, which will allow us to market to a more
diverse group of healthcare professionals within the EU.� Pursuing
regulatory approval in additional EU countries is under evaluation.
Since the initial approvals of OraTest in the EU, Zila has compiled
additional evidence-based data in support of approval. Zila�s
proprietary oral cancer screening technology, ViziLite Plus,
utilizes a chemiluminescent light source (ViziLite) and the
patented vital tissue dye TBlue�, helps dental professionals
identify and evaluate abnormalities in the mouth that could
potentially harbor pathologic changes. ViziLite Plus is for use in
a population at increased risk for oral cancer. About Oral Cancer
and OraTest Oral cancer is the sixth leading cause of cancer
worldwide, and in the U.S., one person dies every hour from the
disease. According to American Cancer Society data, nearly as many
women will be diagnosed with oral cancer as with cervical cancer
this year. The key to reducing the impact of this disease is early
detection. Some worldwide clinical trials have demonstrated that
the conventional visual/tactile examination may fail to identify up
to 40% of cancers and precancers. Oral Cancer Risk factors: -- �
age - adults (particularly those age 40 and over) -- tobacco use -
particularly if combined with heavy alcohol consumption -- heavy
alcohol consumption -- excessive sun exposure to the lips --
sexually transmitted human papillomavirus (HPV) About Zila, Inc.
Zila, Inc., headquartered in Phoenix, Arizona, is a diagnostic
company dedicated to the prevention, detection and treatment of
oral cancer and periodontal disease. Zila manufactures and markets
ViziLite� Plus with TBlue� (�ViziLite� Plus�), the company�s
flagship product for the early detection of oral abnormalities that
could lead to cancer. ViziLite� Plus is an adjunctive medical
device cleared by the FDA for use in a population at increased risk
for oral cancer. In addition, Zila designs, manufactures and
markets a suite of proprietary products sold exclusively and
directly to dental professionals for periodontal disease, including
the Rotadent� Professional Powered Brush, the Pro-Select Platinum�
ultrasonic scaler and a portfolio of oral pharmaceutical products
for both in-office and home-care use. All of Zila�s products are
marketed and sold in the United States and Canada primarily through
the company�s direct field sales force and telemarketing
organization. The company�s products are marketed and sold in other
international markets through the direct sales forces of third
party distributors. Zila�s marketing programs reach most U.S.
dental offices and include continuing education seminars for
dentists and their staffs. This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. These forward-looking statements are based largely on
Zila's expectations or forecasts of future events, can be affected
by inaccurate assumptions and are subject to various business risks
and known and unknown uncertainties, a number of which are beyond
the Company's control. Therefore, actual results could differ
materially from the forward-looking statements contained herein. A
wide variety of factors could cause or contribute to such
differences and could adversely affect revenue, profitability, cash
flows and capital needs. There can be no assurance that the
forward-looking statements contained in this press release will, in
fact, transpire or prove to be accurate. For a more detailed
description of these and other cautionary factors that may affect
Zila's future results, please refer to Zila's Form 10-K for its
fiscal year ended July 31, 2007 and Form 10-Q for the quarter ended
April 30, 2008. For more information about the company and its
products, please visit www.zila.com.
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