LEXINGTON, Mass.--(BUSINESS WIRE)--Sept. 24, 2007--NitroMed
(NASDAQ: NTMD), said today that the reimbursement and formulary status
of BiDil continues to improve. To date, approximately 80% of African
Americans who have commercial and Medicare Part D and Medicaid
prescription drug insurance coverage in the United States, have
affordable access to BiDil. The company defines 'affordable' as Tier 2
status, meaning out-of-pocket co-payments for patients are
approximately $25. BiDil(R), the fixed-dose combination of isosorbide
dinitrate (ISDN) and hydralazine hydrochloride (HYD), is approved by
the FDA as adjunct therapy in the treatment of heart failure in
African Americans to improve survival, reduce hospitalization and
improve patient functional status. Heart failure is a life threatening
condition that disproportionately burdens African Americans.
"BiDil enjoys preferred formulary status on America's four largest
Medicare Part D drug plans, and the two largest commercial drug plan
providers," observed Gerald Bruce, NitroMed's Senior Vice President.
"Additionally, BiDil is available at tier 2 through the two largest
pharmacy benefit management formularies in the United States, and it
is listed on the formularies of numerous hospitals that provide heart
failure care to large numbers of African Americans. These strong
coverage gains should once and for all put to rest the perception that
BiDil is out of reach and costly. In fact, in many cases it is no more
costly to patients than its untested component agents ISDN and HYD
which the FDA has said are not bioequivalent to or substitutable for
BiDil," he said. "Indeed, for the majority of patients, the out-pocket
cost for evidence-based BiDil is less or comparable to the
out-of-pocket cost of two prescription co-payments for the untested
component agents."
The company said that the steady flow of clinical evidence
supporting BiDil's efficacy, safety and its cost-effectiveness are
factors in the strong contracting activity.
The company will issue a statement at 9:00 AM today regarding a
published study on the use of BiDil's individual components that have
not been shown to be bioequivalent to the fixed dose combination.
About NitroMed, Inc.
NitroMed of Lexington, Massachusetts is an emerging pharmaceutical
company and the maker of BiDil(R) (isosorbide dinitrate/hydralazine
hydrochloride), an orally administered medicine available in the
United States for the treatment of heart failure in self-identified
black patients. In this population, BiDil is indicated as an adjunct
to current standard therapies such as angiotensin converting enzyme
(ACE) inhibitors and beta blockers. There is little experience in
patients with New York Heart Association Class IV heart failure. BiDil
was approved by the U.S. Food and Drug Administration, primarily on
the basis of efficacy data from the Company's landmark A-HeFT (African
American Heart Failure Trial) clinical trial and is marketed by
NitroMed through a specialty medicines sales organization.
For full prescribing information, visit: www.BiDil.com. BiDil is a
registered trademark of NitroMed, Inc.
Forward Looking Statements
Statements in this press release about future expectations, plans
and prospects for the Company, including the Company's positioning to
achieve the Company's goals and objectives, constitute forward-looking
statements within the meaning of The Private Securities Litigation
Reform Act of 1995. Actual results may differ materially from those
indicated by such forward-looking statements as a result of various
important factors, including risks discussed in the Section titled
"Risk Factors" in the Company's Quarterly Report on Form 10-Q for the
quarter ended June 30, 2007, which has been filed with the SEC, and in
the other filings that the Company makes with the SEC from time to
time. The forward-looking statements included in this press release
represent the Company's views as of the date of this release. The
Company anticipates that subsequent events and developments will cause
the Company's views to change. However, while the Company may elect to
update these forward-looking statements at some point in the future,
the Company specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as representing
the Company's views as of any date subsequent to the date of this
release.
CONTACT:
NitroMed, Inc.
Jane A. Kramer
781-266-4220
C: 781-640-8499
SOURCE: NitroMed, Inc.