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The President of the United States, Barack Obama, left, and Russian President Dmitry Medvedev exchange documents during their meeting at the Kremlin Palace in Moscow, Russia, Monday, July 6, 2009. (AP Photo/Alexander Zemlianichenko) Obama, Medvedev agree to deal to cut nuke weapons
1 hr 42 mins ago - Presidents Barack Obama and Dmitry Medvedev confidently committed to a year-end deal to slash nuclear stockpiles by about a third on Monday, but the U.S. leader failed to crack stubborn Kremlin objections to America's missile defense plans - a major stumbling block to such an agreement.
Janice Jacobs, of Camarillo, Calif., holds her tickets in front a large poster at the Staples Center in Los Angeles , Monday, July 6, 2009, where the memorial service for pop star Michael Jackson will be held on Tuesday. (AP Photo/Rick Bowmer) Jackson's mother loses control of son's estate
1 hr 44 mins ago - A judge said Monday that Michael Jackson's longtime attorney and a family friend should take over the pop singer's estate for now, rejecting a request from Jackson's mother to be put in charge or share control.
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This undated picture made available by the British Library shows a reader examining a page from the earliest surviving Christian Bible. The British Library says the surviving pages of the world's oldest Bible have been reunited _ digitally. The library says the early Christian work known as the Codex Sinaiticus had been housed in four separate locations across the world for more than 150 years. It became available Monday for perusal on the Web so scholars and others can get a closer look. The library says the work will allow scholars to further study the 'unique treasure.' The project united organizations from Great Britain, Germany, Russia and Egypt. Each possessed parts of the 1,600-year-old manuscript. They worked together to publish new research into the history of the Codex and transcribed 650,000 words during a four-year period. (AP Photo/The British Library) World's oldest Christian Bible digitized
2 hrs 3 mins ago - The surviving pages of the world's oldest Christian Bible have been reunited - digitally. The early work known as the Codex Sinaiticus has been housed in four separate locations across the world for more than 150 years. But starting Monday, it became available for perusal on the Web at http://www.codexsinaiticus.org so scholars and other readers can get a closer look at what the British Library calls a "unique treasure."
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2 hrs 17 mins ago - Israeli archaeologists have uncovered an ancient quarry where they believe King Herod extracted stones for the construction of the Jewish Temple 2,000 years ago, the Israel Antiquities Authority said Monday. The archaeologists believe the 1,000-square-foot (100-square-meter) quarry was part of a much larger network of quarries used by Herod in the city.
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Sepide Salmani, left, 23, comforts Soheyla Kazemi Sunday, July 5, 2009 in Orange Park, Fla. as they talk about the death of Soheyla Kazemi's sister, Sahel Kazemi, 20, in Nashville, Tenn. Sahel Kazemi and former Tennessee Titans quarterback Steve McNair were found dead Saturday at a Nashville condominium that he rented with a friend. (AP Photo/The Florida Times-Union, Will Dickey) A star quarterback's brief affair ends in tragedy
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MonoSol Rx Successfully Completes Pivotal Bioequivalence Studies for Ondansetron Thin Film NDA

Distributed by Press Release

WARREN, N.J. (Map) - Expects to File NDA with FDA in Early to Mid-2009

WARREN, N.J., Dec. 2 /PRNewswire/ -- MonoSol Rx, the developers of PharmFilm(R) technology and a drug delivery company specializing in dissolving thin film pharmaceutical products, and Strativa Pharmaceuticals, the proprietary products division of Par Pharmaceutical Companies, Inc. (NYSE: PRX), today announced the successful completion of all pivotal bioequivalence studies for a thin film formulation of ondansetron. The ondansetron thin film product is being developed for the prevention of chemotherapy-induced nausea and vomiting, prevention of nausea and vomiting associated with radiotherapy, and post-operative nausea and vomiting.

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Subject to final review of the data and discussions with the Food and Drug Administration (FDA), it is anticipated that MonoSol Rx and Strativa could file a New Drug Application (NDA) in early to mid 2009.

In June 2008, MonoSol Rx and Strativa entered into an exclusive licensing agreement under which Strativa acquired the U.S. commercialization rights to the thin film formulation of ondansetron from MonoSol Rx. Under terms of the agreement, MonoSol Rx will receive milestone payments prior to commercial launch and sales-based milestones that could total $23.5 million as well as payments for the purchase of product supply and royalties on net sales. The successful achievement of all pivotal bioequivalence studies triggered a milestone payment to MonoSol Rx.

A. Mark Schobel, president and chief executive officer of MonoSol Rx, stated, "Completion of the pivotal bioequivalence trials is a significant milestone in the development and commercialization process for our thin film ondansetron formulation. Working with our licensing partner, Strativa Pharmaceuticals, we were able to demonstrate that our PharmFilm(R) formulation is bioequivalent to the FDA approved Zofran ODT(R) product in all human clinical trials. Looking ahead, we are now working diligently with Strativa to complete and file the NDA with the FDA in early to mid-2009."

Anti-emetic therapies constitute one of the largest segments of the supportive care market in the U.S., with annual sales of over $1.8 billion in 2007 at a prescription drug price. Ondansetron was a prescription leader in the category in 2007, with 2.7 million scripts written. MonoSol Rx's thin film formulation of ondansetron was studied against GlaxoSmithKline's Zofran ODT(R) product.

About MonoSol Rx

MonoSol Rx is a specialty pharmaceutical company leveraging its proprietary PharmFilm(R) technology to deliver drugs in quick dissolving films. PharmFilm(R) is designed to benefit patients by improving the convenience, efficacy, and compliance of currently marketed drugs. The Company is a leader in thin film drug delivery and has a strong intellectual property position, a portfolio of commercialized OTC drug products, and a pipeline of prescription formulations utilizing its PharmFilm(R) technology. With a vertically integrated development and production infrastructure, MonoSol Rx has the capacity to manufacture OTC drug products for near-term revenues that enable the funding of prescription product development programs that will generate long-term value.

The Company's commercialization strategy for all PharmFilm(R) products is to partner with the innovator or other specialty pharma or leading consumer products companies who have the core competency to sell-in and manage the sales and marketing of the products. For the Company's existing and future partners, PharmFilm(R) formulations represent revenue-life cycle extensions for products with patent lives that have expired or are approaching expiration. PharmFilm(R) is also a tool to help sales and marketing partners differentiate in competitive markets while offering unique advantages over drugs dosed by traditional tablets, capsules and ODTs.

About Strativa Pharmaceuticals

Strativa Pharmaceuticals is the proprietary products division of Par Pharmaceutical, Inc. Strativa is committed to developing and marketing novel prescription drugs. Its initial focus is on supportive care therapeutics in HIV and oncology. Drawing on the specialty products expertise of its staff, Strativa possesses the resources to prepare products for commercialization and to help ensure their success after launch. For additional information, please visit www.strativapharma.com

About Par Pharmaceutical

Par Pharmaceutical, Inc. develops, manufactures and markets generic drugs and innovative branded pharmaceuticals for specialty markets. For press release and other company information, visit www.parpharm.com

Contacts: MonoSol Rx: Keith Kendall Chief Financial Officer (732) 564-5000 The Ruth Group (on behalf of MonoSol Rx) Jason Rando (media) (646) 536-7025 jrando@theruthgroup.com Stephanie Carrington / Sara Ephraim (investors) (646) 536-7017/7002 scarrington@theruthgroup.com sephraim@theruthgroup.com

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