Full Press Release Details
Kitov Receives Pre-NDA Meeting
FDA for KIT-302, Supporting its NDA Submission
expects to submit New Drug Application to FDA at the end of 2016 for KIT-302 - a fixed
dose combination that simultaneously
treats osteoarthritis pain and hypertension
Tel-Aviv, Israel (PR Newswire) -
May 12, 2015 - Kitov Pharmaceuticals (NASDAQ/TASE: KTOV), an innovative biopharmaceutical company focused on late-stage
drug development, today announced it has received, from the U.S. Food and Drug Administration (FDA), meeting minutes from its
recent pre-New Drug Application meeting for KIT-302 . Based on the details of the FDA's response, Kitov is on track to submit
the NDA for marketing approval of KIT-302 by the end of 2016.
which took place on April 11, 2016, had been requested by Kitov to seek FDA concurrence that the NDA content will meet the agency's
requirements for NDA submission.
confirmed that an Advisory Committee Review should not be required for the NDA review, and that the FDA may accept 6 months data
of long term stability at the time of submission. Furthermore, based on the minutes, the Company will include additional information
as part of the planned NDA submission, such as market data and a medical literature review on the use of amlodipine and celecoxib
in animals. The FDA requested that the statistical calculation for the primary efficacy endpoint be performed using an alternate
mathematical technique. This calculation was subsequently performed by Kitov and also demonstrates that KIT-302 met its primary
"These minutes bring us closer
to submitting an NDA to the FDA for KIT-302 via the 505(b)(2) path at the end 2016, as currently planned. This paves the way for
potential regulatory approval in 2017," stated Dr. J. Paul
Waymack, Chairman of Kitov's Board and Chief Medical Officer.
A combination drug, KIT-302, simultaneously
treats pain caused by osteoarthritis and treats hypertension, which is a common side effect of stand-alone drugs that treat osteoarthritis
pain. KIT-302 is comprised of two FDA approved drugs, celecoxib (Celebrex ) for the treatment of pain caused by osteoarthritis
and amlodipine besylate, a drug designed to treat hypertension.
Pain medications for osteoarthritis account
for billions of dollars in annual sales globally. Most pain medications for osteoarthritis, including celecoxib, are non-steroidal
anti-inflammatory drugs (NSAIDs) which have the side effect of elevating blood pressure, and increasing the risk of heart attacks,
strokes and death. Of the 27 million Americans who live with osteoarthritis, 13.5 million also suffer from hypertension, which
also increases the risk of heart attack, stroke, and death.
About Kitov Pharmaceuticals
Pharmaceuticals (NASDAQ/TASE: KTOV) is an innovative biopharmaceutical company focused on late-stage drug development. Leveraging
deep regulatory and clinical-trial expertise, Kitov's veteran team of healthcare professionals maintains a proven track record
in streamlined end-to-end drug development and approval. Kitov's pipeline currently features two combination drugs intended to
treat osteoarthritis pain and hypertension simultaneously, including one that achieved the primary efficacy endpoint for its Phase
III clinical trial. Lowering development risk and cost through rapid and efficient regulatory approval of novel late-stage therapeutics,
Kitov delivers rapid ROI and long-term potential to investors, while making a meaningful impact on people's lives. For more information,
the content of which is not part of this press release, visit www.kitovpharma.com.
Forward-Looking Statements
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identified by the use of forward-looking words such as "believe", "expect", "intend", "plan",
"may", "should", "could", "might", "seek", "target", "will",
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statements involve certain risks and uncertainties, including, among others, the risk that drug development involves a lengthy
and expensive process with uncertain outcome; the Company's ability to successfully develop and commercialize its pharmaceutical
product; the length, progress and results of any clinical trials; the introduction of competing products; the impact of any changes
in regulation and legislation that could affect the pharmaceutical industry; the difficulty in receiving the regulatory approvals
to commercialize the Company's products; the lack of sufficient funding to finance the clinical trials; the difficulty of predicting
actions of the USA FDA; the regulatory environment and changes in the health policies and regimes in the countries in which we
operate; or changes in the global pharmaceutical industry. . Any forward-looking statement in this press release speaks only as
of the date of this press release. The Company undertakes no obligation to publicly update or review any forward-looking statement,
whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities
laws. More detailed information about the risks and uncertainties affecting the Company is contained under the heading "Risk
Factors" in Kitov Pharmaceuticals Holdings Ltd.'s Registration Statement on Form F-1 filed with the SEC, which is available
on the SEC's website, www.sec.gov.
Chief Financial Officer
LifeSci Advisors, LLC