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JERSEY CITY, N.J., Aug. 1, 2017 /PRNewswire/ -- MT Pharma America, Inc. today announced the change of its corporate name to Mitsubishi Tanabe Pharma America, Inc. (MTPA), effective immediately.
In 2009, MTPA's parent company, Mitsubishi Tanabe Pharma Corporation (MTPC) opened a new company with a focus on developing and commercializing novel compounds for the U.S. market. Based in Jersey City, N.J., MT Pharma America officially launched in February of 2016 with the goal of developing therapies for some of the most difficult-to-treat diseases. On May 5, 2017, the U.S. Food and Drug Administration approved RADICAVATM (edaravone), an intravenous infusion treatment indicated for all adult patients diagnosed with amyotrophic lateral sclerosis (ALS).1 RADICAVA will be commercialized in the U.S. by MTPA.
"As we prepare to launch our first commercial product in the U.S., now is the appropriate time to fully align our corporate name with our parent company, MTPC, the world's second oldest pharmaceutical company with more than 300 years of experience advancing innovative treatments," said Atsushi Fujimoto, President, Mitsubishi Tanabe Pharma America. "We are honored to be a part of this strong and impressive heritage as we commit ourselves to continued innovation in the U.S. to meet patients' unmet medical needs."
MTPA plans to pursue a robust pipeline of products with a priority focus on Central Nervous System (CNS) diseases, autoimmune diseases and diabetes.
About Mitsubishi Tanabe Pharma America, Inc.Based in Jersey City, N.J., Mitsubishi Tanabe Pharma America (MTPA) is a wholly-owned subsidiary of Mitsubishi Tanabe Pharma Corporation's (MTPC) 100 percent owned U.S. holding company, Mitsubishi Tanabe Pharma Holdings America, Inc. MTPA is dedicated to delivering innovative products that address the unmet medical needs of patients in the U.S. It was established by MTPC to commercialize approved pharmaceutical products in the U.S. with plans to expand its product line through collaborations with partners. For more information, please visit www.mt-pharma-america.com or follow us on Twitter at https://twitter.com/MTPharmaUS.
Overview of Mitsubishi Tanabe Pharma CorporationMitsubishi Tanabe Pharma, which was founded in 1678, has its headquarters in Doshomachi, Osaka, which is the birthplace of Japan's pharmaceutical industry. With business centered on ethical pharmaceuticals, Mitsubishi Tanabe Pharma is a well-established company and has the longest history of any listed company in Japan.2 In accordance with the corporate philosophy of "contributing to the healthier lives of people around the world through the creation of pharmaceuticals," the Company formulated the key concept of Open Up the Future under the Medium-Term Management Plan 16-20. Through the discovery of drugs that address unmet medical needs, centered on its priority disease areas — autoimmune diseases, diabetes and kidney diseases, central nervous system diseases, and vaccines — Mitsubishi Tanabe Pharma will strive to contribute to the health of patients around the world. MTPC is the parent company of MTPA and the license holder of RADICAVA. For more information, go to http://www.mt-pharma.co.jp/.
About RADICAVATM (Edaravone) The U.S. Food and Drug Administration (FDA) approved RADICAVA™ (edaravone) on May 5, 2017 as a new treatment option indicated for all adult patients diagnosed with amyotrophic lateral sclerosis (ALS).1 In clinical trials, people given RADICAVA experienced a 33 percent lower rate of decline in loss of physical function, compared to placebo as measured by the ALS Functional Rating Scale-Revised (ALSFRS-R), a validated rating instrument for monitoring the progression of disability in people with ALS.1,3,4
RADICAVA is administered in 28-day cycles by intravenous infusion. It takes 60 minutes to receive each 60 mg dose. For the initial cycle, the treatment is infused daily for 14 consecutive days, followed by a two-week drug-free period. All cycles thereafter are infused daily for 10 days (e.g., Monday through Friday and the following Monday through Friday) within a 14-day period, followed by a two-week drug-free period.1
Edaravone was discovered and developed for ALS by Mitsubishi Tanabe Pharma Corporation (MTPC) and will be commercialized in the U.S. by Mitsubishi Tanabe Pharma America. MTPC group companies began researching ALS in 2001 through a comprehensive clinical platform over a 13-year period. In 2015, edaravone was approved for use as a treatment for all patients diagnosed with ALS in Japan and South Korea.
IMPORTANT SAFETY INFORMATION
Before you receive RADICAVA, tell your healthcare provider about all of your medical conditions, including if you:
Tell your healthcare provider about all the medicines you take, including prescription and over-the-counter medicines, vitamins, and herbal supplements.
What are the possible side effects of RADICAVA?
The most common side effects of RADICAVA include bruising (contusion), problems walking (gait disturbance), and headache.
These are not all the possible side effects of RADICAVA. Call your healthcare provider for medical advice about side effects. You may report side effects to MTPA at 1-888-292-0058 or FDA at 1-800-FDA-1088 or www.fda.gov/medwatch.
For more information, including full Prescribing Information and Patient Information, please visit www.RADICAVA.com.
Media inquiries:Debbie Etchison
1 RADICAVA™ U.S. Prescribing Information. May 2017.
2 Research by TOKYO SHOKO RESEARCH, LTD.
3 Simon, N. G., Turner, M. R., Vucic, S., Al-Chalabi, A., Shefner, J., Lomen-Hoerth, C., & Kiernan, M. C. (2014). Quantifying Disease Progression in Amyotrophic Lateral Sclerosis. Annals of Neurology, 76(5), 643–657. http://dx.doi.org/10.1002/ana.24273
4 Abe K, Aoki M, Tsuji S, et al. (2017). Safety and efficacy of edaravone in well defined patients with amyotrophic lateral sclerosis: a randomised, double-blind, placebo-controlled trial. Lancet Neurology. 16(7), 505-512. http://dx.doi.org/10.1016/S1474-4422(17)30115-1.
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