Print Page   Close Window

Press Release

POZEN Receives New Patent for MT 100

CHAPEL HILL, N.C.--(BUSINESS WIRE)--Nov. 21, 2002--POZEN Inc. (Nasdaq: POZN), a pharmaceutical development company with a portfolio of product candidates for the treatment of migraine, announced today that it has received patent number 6,479,551 from the United States Patent and Trademark Office.

This new patent provides expanded protection for MT 100 through claims relating to additional pharmaceutical compositions and treatment methods. MT 100 is the company's oral product candidate designed for first-line migraine therapy.

POZEN now owns two patents in the U.S. and one patent in Australia for MT 100. Patent applications for MT 100 are pending in Canada, Europe, and Japan.

POZEN has completed all planned Phase III pivotal trials for MT 100, which have consistently demonstrated the product candidate's effectiveness in treating migraine pain and associated symptoms with less risk of cardiovascular side effects than leading products on the market today.

POZEN is a pharmaceutical development company committed to building a portfolio of products with significant commercial potential in select therapeutic areas. POZEN's initial focus is on developing products for migraine therapy, a global market expected to exceed $2.8 billion this year. The company's common stock is traded on The Nasdaq Stock Market under the symbol "POZN."

Statements included in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. You should be aware that our actual results could differ materially from those contained in the forward-looking statements, which are based on management's current expectations and are subject to a number of risks and uncertainties, including, but not limited to, our failure to successfully commercialize our products; costs and delays in the development and FDA approval of our products; our inability to enter into or maintain, and the risks resulting from our dependence upon, collaboration or contractual arrangements necessary for the development, manufacture, commercialization, marketing, sales and distribution of our products; competitive factors; our inability to protect our patents or proprietary rights and obtain necessary rights to third party patents and intellectual property to operate our business; our inability to operate our business without infringing the patents and proprietary rights of others; general economic conditions; the failure of our products to gain market acceptance; our inability to obtain any additional required financing; technological changes; government regulation; changes in industry practice; and one-time events, including those discussed herein and in our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2002 under "Management's Discussion and Analysis of Financial Condition and Results of Operations." We do not intend to update any of these factors or to publicly announce the results of any revisions to these forward-looking statements.

POZEN is on the Internet at www.pozen.com

Matt Czajkowski
Chief Financial Officer
Lisa Barthelemy
Director, Investor Relations