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chenodeoxycholic acid - Sigma-Tau Pharmaceuticals

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For Immediate Release<br />

<strong>Sigma</strong>-<strong>Tau</strong> <strong>Pharmaceuticals</strong> Completes Acquisition of Chenix ® (<strong>chenodeoxycholic</strong> <strong>acid</strong>) from<br />

Solvay <strong>Pharmaceuticals</strong>, Inc.<br />

Jan 30, 2009, Gaithersburg, MD – <strong>Sigma</strong>-<strong>Tau</strong> <strong>Pharmaceuticals</strong>, Inc. announced today that it has<br />

completed the acquisition of Chenix ® (<strong>chenodeoxycholic</strong> <strong>acid</strong>) from Solvay <strong>Pharmaceuticals</strong>, Inc.<br />

The agreement transfers the marketing authorization and all related regulatory, manufacturing and<br />

clinical data to <strong>Sigma</strong>-<strong>Tau</strong>.<br />

Chenix ® was originally approved in 1983 for the dissolution of gallstones in a certain subset of<br />

gallstone patients. The product is not currently marketed in the United States.<br />

<strong>Sigma</strong>-<strong>Tau</strong> is pursuing US Food and Drug Administration (FDA) approval for the use of<br />

<strong>chenodeoxycholic</strong> <strong>acid</strong> (CDCA) in patients with a disease called Cerebrotendinous Xanthomatosis<br />

(CTX). CTX is a very rare genetic disease which is believed to affect fewer than one hundred<br />

people in the U.S. While CDCA is widely accepted by the scientific community as the first line<br />

treatment for CTX, the product is currently unavailable as an approved drug in the United States,<br />

necessitating its importation from other countries.<br />

“At <strong>Sigma</strong>-<strong>Tau</strong> we are dedicated to developing medicines for the unmet needs of patients with rare<br />

diseases, even if there are only a few hundred patients,” said Gregg Lapointe, Chief Executive<br />

Officer of <strong>Sigma</strong>-<strong>Tau</strong> <strong>Pharmaceuticals</strong>. “The acquisition of this marketing authorization is an<br />

important asset which supports our effort to make CDCA available in the U.S., and we are very<br />

grateful for Solvay’s collaboration and support towards this objective.”<br />

<strong>Sigma</strong>-<strong>Tau</strong> has received an Orphan Drug Designation from the FDA for the use of CDCA and also<br />

has acquired the German approved <strong>chenodeoxycholic</strong> <strong>acid</strong> product called Chenofalk ® . Chenofalk ®<br />

is distributed in Europe through <strong>Sigma</strong>-<strong>Tau</strong>’s German affiliate: <strong>Sigma</strong>-<strong>Tau</strong> Arzeneimittel GmbH.<br />

<strong>Sigma</strong>-<strong>Tau</strong> is also working closely with the United Leukodystrophy Foundation (ULF) to better<br />

understand the needs of CTX patients and to develop a newborn screening program for the disease.<br />

About Cerebrotendinous Xanthomatosis (CTX)<br />

Cerebrotendinous Xanthomatosis (CTX) is a rare, autosomal recessive metabolic disorder caused<br />

by mutations in a gene called CYP27A1, which produces an enzyme called sterol 27-hydroxylase.<br />

Sterol 27-hydroxylase is required to turn cholesterol into bile <strong>acid</strong>s, which are important in the<br />

absorption of fat in the intestine. In addition, when sterol-27 hydroxylase is not working properly,<br />

cholesterol and precursors of bile <strong>acid</strong>s will accumulate in tissues throughout the body causing a<br />

variety of physiologic and neurological problems.


About <strong>Sigma</strong>-<strong>Tau</strong> <strong>Pharmaceuticals</strong>, Inc.<br />

<strong>Sigma</strong>-<strong>Tau</strong> <strong>Pharmaceuticals</strong>, Inc. is a U.S. based, wholly owned subsidiary of the <strong>Sigma</strong>-<strong>Tau</strong><br />

Group, and is dedicated solely to the global development and commercialization of medicines for<br />

patients with rare diseases. <strong>Sigma</strong>-<strong>Tau</strong> <strong>Pharmaceuticals</strong>, Inc. is based in Gaithersburg, Maryland.<br />

Since 1989, the company’s products have been focused on rare diseases, kidney disease, and<br />

cancer. With more than 6,000 identified rare diseases that affect approximately 25 million patients<br />

in the Unites States, <strong>Sigma</strong>-<strong>Tau</strong> places its considerable scientific resources behind the development<br />

and commercialization of compounds that benefit the few. The company has a substantial<br />

development program focused on transplant, cancer, inherited genetic disorders, malaria, and other<br />

areas of unmet medical need. For more information about the company, visit www.sigmatau.com<br />

About Solvay <strong>Pharmaceuticals</strong><br />

Solvay <strong>Pharmaceuticals</strong>, Inc., of Marietta, Georgia is the U.S. subsidiary of Solvay<br />

<strong>Pharmaceuticals</strong>. For more information, visit www.solvaypharmaceuticals-us.com.<br />

Solvay <strong>Pharmaceuticals</strong> is a research driven group of companies that constitute the global<br />

pharmaceutical business of the Solvay Group. The company seeks to fulfill carefully selected,<br />

unmet medical needs in the therapeutic areas of neuroscience, cardio-metabolic, influenza<br />

vaccines, gastroenterology, and men’s and women’s health. Its 2007 sales were EUR 2.6 billion<br />

and it employs more than 9,000 people worldwide. For more information, visit<br />

www.solvaypharmaceuticals.com.<br />

SOLVAY is an international chemical and pharmaceutical Group with headquarters in Brussels. It<br />

employs more than 28,000 people in 50 countries. In 2007, its consolidated sales amounted to<br />

EUR 9.6 billion, generated by its three sectors of activity: Chemicals, Plastics and<br />

<strong>Pharmaceuticals</strong>. Solvay (NYSE Euronext: SOLB.BE - Bloomberg: SOLB.BB - Reuters:<br />

SOLBt.BR) is listed on the NYSE Euronext stock exchange in Brussels. Details are available at<br />

www.solvay.com<br />

About United Leukodystrophy Foundation (ULF)<br />

The United Leukodystrophy Foundation (ULF) is dedicated to helping patients and family<br />

members afflicted with various types of leukodystrophies including CTX. The ULF is committed<br />

to the identification, treatment and cure of all leukodystrophies through programs of education,<br />

advocacy, research and service.<br />

For more information, please contact:<br />

Marc Tewey<br />

Vice President of Commercial Operations<br />

Phone: 301-670-1518<br />

Email: Marc.Tewey@sigmatau.com C002 01/09

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