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Catalyst Pharmaceuticals Announces Sub-Licensee DyDo Pharma Launched FIRDAPSE in Japan

Key Takeaway: Catalyst Pharmaceuticals announced that DyDo Pharma has launched FIRDAPSE (amifampridine) in Japan to help improve muscle weakness in patients with Lambert-Eaton myasthenic syndrome (LEMS). This launch represents a significant achievement in expanding access to life-changing therapies in Japan. FIRDAPSE is currently the only FDA-approved treatment for LEMS and Catalyst aims to support patient access through various initiatives. Nevertheless, there remains uncertainty regarding the commercial success of FIRDAPSE in Japan and the future revenue implications for Catalyst.

Market Sentiment Analysis

POSITIVE FACTORS

  • Launch of FIRDAPSE in Japan increases access to treatment for LEMS.
  • Demonstrates Catalyst's commitment to health equity.
  • FIRDAPSE is the only FDA-approved therapy for LEMS.
  • Expansion of geographic presence through partnerships.

CONCERNS & RISKS

  • Uncertainty regarding DyDo's ability to successfully commercialize FIRDAPSE in Japan.
  • Potential variability in future revenue from the sub-license agreement.

Full Press Release Details

Catalyst Pharmaceuticals Announces Sub-Licensee DyDo Pharma Launched FIRDAPSE in Japan
CORAL GABLES, Fla., January 21, 2023 Catalyst
Pharmaceuticals, Inc. ( Catalyst or Company ) (Nasdaq: CPRX), a commercial-stage biopharmaceutical company focused on in-licensing, developing, and commercializing novel medicines
for patients living with rare diseases, today reported that its sub-licensee in Japan, DyDo Pharma, Inc., ( DyDo ) has launched FIRDAPSE
(amifampridine) Tablets 10 mg in Japan for the indication of improving muscle weakness in patients living with Lambert-Eaton myasthenic syndrome ( LEMS ).
We are pleased that our sub-licensee, DyDo, has launched FIRDAPSE in Japan. We believe in health equity, and
this launch is a testament to our ongoing efforts to increase patient access to life-changing therapies worldwide. said Richard J. Daly, Catalyst s President and Chief Executive Officer. The launch of FIRDAPSE in Japan marks another
advancement in our efforts to expand the geographic footprint of our portfolio products and paves the way for healthcare providers and patients in Japan to access this therapy.
FIRDAPSE (amifampridine) is the only U.S. FDA approved, evidence-based therapy for the treatment of LEMS in adults and pediatric patients six years of age and
older. LEMS is a rare autoimmune disorder characterized by muscle weakness and fatigue. As a cornerstone of Catalyst s commitment to serving those with rare diseases, FIRDAPSE is supported in the U.S. by a comprehensive patient support program
to help ensure accessibility and assistance for eligible U.S. patients.
FIRDAPSE (amifampridine) Tablets 10 mg
FIRDAPSE (amifampridine) Tablets 10 mg is an oral, nonspecific, voltage-dependent, potassium (K+) channel blocker that causes depolarization of the presynaptic membrane and slows or inhibits
repolarization. This action results in the opening of slow voltage-dependent calcium (Ca2+) channels, allowing for a subsequent influx of Ca2+. In turn, it induces the exocytosis of synaptic vesicles containing acetylcholine (ACh) to release more
ACh into the synaptic cleft, enhancing neuromuscular transmission and providing for improved muscle function. Amifampridine phosphate was granted orphan drug designation by the Ministry of Health, Labor, and Welfare in Japan, and
FIRDAPSE has previously been approved for use in the U.S. in adults and pediatric patients six years of age and older and in Europe and Canada for the treatment of adults with LEMS.
For Full Prescribing and Safety Information for FIRDAPSE, please visit www.firdapse.com.
DyDo Pharma is the rare disease
pharmaceutical wholly-owned subsidiary of DyDo Group Holdings. DyDo Group Holdings, Inc. operates through the following segments: Domestic Beverage Business, International Beverage Business, Pharmaceutical-related Business, Food Business, and
Pharmaceutical Business. The Domestic Beverage Business accounts for more than 60% of total sales (as of FY24, 1-3Q), and beverages are sold through vending machines that are widely prevalent in Japan. The Company was founded on January
27, 1975, and is headquartered in Osaka, Japan.
About Catalyst Pharmaceuticals
Catalyst Pharmaceuticals, Inc. (Nasdaq: CPRX) is a biopharmaceutical company committed to improving the lives of patients with rare diseases. With a proven
track record of bringing life-changing treatments to the market, we focus on in-licensing, commercializing, and developing innovative therapies. Guided by our deep commitment to patient care, we prioritize
accessibility, ensuring patients receive the care they need through a comprehensive suite of support services designed to provide seamless access and ongoing assistance. Catalyst maintains a well-established U.S. presence while actively seeking to
expand its global commercial footprint through strategic partnerships. Catalyst, headquartered in Coral Gables, FL., was recognized as one of North America s Fastest-Growing Companies on the 2024 Deloitte Technology Fast 500 List.
For more information, please visit Catalyst s website at www.catalystpharma.com.
Forward-Looking Statements
contains forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Catalyst s actual results in
future periods to differ materially from forecasted results. A number of factors, including (i) whether DyDo can successfully commercialize FIRDAPSE in Japan, (ii) whether Catalyst s revenues derived in future periods from its sub-license with DyDo will be material to Catalyst, and (iii) those factors described in Catalyst s Annual Report on Form 10-K for the fiscal year 2023, its
Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024, and its other filings with the U.S. Securities and Exchange Commission ( SEC ), could adversely affect Catalyst.
Copies of Catalyst s filings with the SEC are available from the SEC, may be found on Catalyst s website, or may be obtained upon request from Catalyst. Catalyst does not undertake any obligation to update the information contained herein,
which speaks only as of this date.
Source: Catalyst Pharmaceuticals, Inc.
Investor Relations Contact:
Mary Coleman, Catalyst
Pharmaceuticals, Inc.
David Schull, Russo Partners

Frequently Asked Questions

What is FIRDAPSE used for?

FIRDAPSE is indicated for improving muscle weakness in patients with LEMS.

Who launched FIRDAPSE in Japan?

DyDo Pharma, Catalyst's sub-licensee, launched FIRDAPSE in Japan.

What is the active ingredient in FIRDAPSE?

The active ingredient in FIRDAPSE is amifampridine.

Is FIRDAPSE approved for pediatric patients?

Yes, FIRDAPSE is approved for use in pediatric patients aged six and older.

What type of company is Catalyst Pharmaceuticals?

Catalyst Pharmaceuticals is a biopharmaceutical company focused on rare diseases.

Last updated: Jan 21, 2025