MONTREAL, May 7, 2019 — Medexus Pharmaceuticals Inc. (the “Company” or “Medexus”) (TSXV: MDP, OTCQB: PDDPF), today announced the launch of a new Metoject® Subcutaneous 15mg dose in Canada. Metoject Subcutaneous is a pre-filled syringe of methotrexate with a pre-attached subcutaneous needle that is approved in Canada for the treatment of rheumatoid arthritis, psoriasis, and psoriatic arthritis.
Metoject Subcutaneous 15mg is currently reimbursed by the Provinces of Saskatchewan, New Brunswick, Nova Scotia, and Newfoundland and Labrador through their provincial formularies, as well as the Yukon Non-Insured Health Benefits (NIHB) and Correctional Services Canada. As of May 1, 2019, Metoject Subcutaneous 15 mg is reimbursed in the Province of Ontario by the Ontario Drug Benefit Program (ODB). Metoject Subcutaneous 15 mg dose is in addition to the dosage strengths of 17.5mg, 20mg, 22.5mg, and 25mg currently offered in Canada by Medexus.
Ken d’Entremont, Chief Executive Officer of Medexus, commented, “The new 15mg dose of Metoject Subcutaneous is an important addition to the Metoject line in Canada, as it gives physicians more flexibility to accurately prescribe an appropriate strength for their patients, and offers patients a more convenient and comfortable option. We expect this dose to be a significant portion of our Metoject volume going forward.”
About Medexus
Medexus is a leading specialty pharmaceutical company with a strong North American commercial platform. The Company’s vision is to provide the best healthcare products to healthcare professionals and patients, through our core values of Quality, Innovation, Customer Service and Teamwork. Medexus Pharmaceuticals is focused on the therapeutic areas of auto-immune disease and pediatrics. The leading products are Rasuvo and Metoject, a unique formulation of methotrexate (auto-pen and pre-filled syringe) designed to treat rheumatoid arthritis and other auto-immune diseases; and Rupall, an innovative prescription allergy medication with a unique mode of action.
For more information, please contact:
Ken d’Entremont, Chief Executive Officer
Medexus Pharmaceuticals Inc.
Tel.: 905-676-0003
E-mail: ken.dentremont@medexus.com
Roland Boivin, Chief Financial Officer
Medexus Pharmaceuticals Inc.
Tel.: 514-762-2626 ext. 202
E-mail: roland.boivin@medexus.com
Investor Relations (U.S.):
Crescendo Communications, LLC
Tel: +1-212-671-1020
Email: mdp@crescendo-ir.com
Investor Relations (Canada):
Frank Candido
Direct Financial Strategies and Communication Inc.
Tel: 514-969-5530
E-mail: frank.candido@medexus.com
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