Shield Therapeutics - US launch of Accrufer® confirmed for July 1, 2021
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RNS Number : 9027C
Shield Therapeutics PLC
24 June 2021
Shield Therapeutics plc
("Shield" or the "Company" or the "Group")
US launch of Accrufer® confirmed for July 1, 2021
London, UK, June 24, 2021: Shield Therapeutics plc (LSE: STX), a commercial stage,
pharmaceutical company with a focus on addressing iron deficiency with its lead product
Feraccru®/Accrufer® (ferric maltol), confirms that, in line with prior guidance, it will
launch Accrufer® in the US on July 1, 2021.
Launch stocks of Accrufer® are currently being distributed through the wholesaler
channels and will be available to doctors and other prescribers in all parts of the US by
July 1, 2021. A sales force including 30 sales representatives has been recruited and
trained and will be starting to contact key prescribers during next week.
Greg Madison, CEO of Shield, said "We are pleased to make Accrufer® available to
physicians and their patients in the US. Iron deficiency and iron deficiency anemia are
significant challenges for millions of patients. Accrufer® represents a novel form of oral iron
which offers clinical effectiveness while being well tolerated in clinical trials, and has the
potential to be a significant advance for those patients in the US."
For further information please contact:
Shield Therapeutics plc
Greg Madison, CEO
Hans-Peter Rudolf, CFO
Nominated Adviser and Joint
Broker
Peel Hunt LLP
James Steel/Christopher Golden
Joint Broker
finnCap Ltd
Geoff Nash/Alice Lane/George
Dollemore
Financial PR & IR Advisor
Walbrook PR
Paul McManus/Alice Woodings
www.shieldtherapeutics.com
+44 (0) 191 511 8500
+44 (0)20 7418 8900
+44 (0)20 7220 0500
+44 (0)20 7933 8780
or shield@walbrookpr.com
About Shield Therapeutics plc
Shield is a commercial stage, pharmaceutical company with a focus on addressing iron
deficiency with its lead product Feraccru ® /Accrufer ® (ferric maltol), a novel, stable,
non-salt based oral therapy for adults with iron deficiency with or without anaemia.
Shield's lead product, Feraccru®/Accrufer®, has been approved for use in the United
States, European Union, UK and Switzerland and has exclusive IP rights until the mid2030s. The Group plans to launch Accrufer® in the US during 2021 through a highly
experienced sales and marketing team. Feraccru® is already being commercialised in the
UK and European Union by Norgine B.V., who also have the marketing rights in Australia
and New Zealand. Shield also has an exclusive licence agreement with Beijing Aosaikang
Pharmaceutical Co., Ltd., for the development and commercialisation of
Feraccru®/Accrufer® in China, Hong Kong, Macau and Taiwan.
For more information, please visit www.shieldtherapeutics.com. Follow Shield on Twitter
@ShieldTx
Forward-Looking Statements
This press release contains forward-looking statements. All statements contained in this
press release that do not relate to matters of historical fact should be considered
forward-looking statements.
These forward-looking statements are based on
management's current expectations and include statements related to the commercial
strategy for Feraccru®/ Accrufer®
These statements are neither promises nor
guarantees, but involve known and unknown risks and uncertainties, many of which are
beyond our control, that may cause actual results, performance or achievements to be
materially different from management's expectations expressed or implied by the
forward-looking statements, including, but not limited to, risks associated with, the
Group's business and results of operations, competition and other market factors. The
forward-looking statements made in this press release represent management's
expectations as of the date of this press release, and except as required by law, the
Group disclaims any obligation to update any forward-looking statements contained in
this release, even if subsequent events cause our views to change.
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