Endo targets 2020 for launch of cellulite treatment

By

By Reuters Staff

(Reuters) - Endo International Plc said on Thursday it expects to launch its treatment for cellulite in the second half of 2020, a day after the company announced results from two late-stage trials testing the drug.

The generic drugmaker, which beat third-quarter revenue and profit estimates, has pushed into other segments of its business, such as medical aesthetics, to cushion the impact of large retail pharmacies gaining more negotiating power for generics pricing.

The company expects to apply for the drug's approval in the second half of next year to treat cellulite - a condition that causes dimpling of the skin - in the buttocks, Endo executives said on a post-earnings conference call with analysts.

In the trials, patients treated with the drug, CCH, showed statistically significant levels of improvement in the appearance of cellulite, the company said on Wednesday.

However, analysts were expecting stronger data.

"That data was viewed as mixed with a variety of views around what the commercial opportunity could look like and whether or not Endo should plan to launch it on its own versus sell or partner it out," RBC Capital Markets analyst Randall Stanicky said.

Endo already markets the drug in a different concentration under the name Xiaflex to treat a condition that causes painful erections as well as a disease that hinders finger movements.

Xiaflex sales rose 22.3 percent to $64.2 million in the latest quarter.

Endo also raised its adjusted profit forecast for the year on Thursday.

Related Articles

Cuba to withdraw doctors from Brazil after Bolsonaro snub

By Reuters Staff HAVANA (Reuters) - Cuba said on Wednesday it would pull thousands of its doctors from Brazil after the South American nation’s President-elect Jair Bolsonaro questioned their training Read More »

Where are the men? Experts target missing link in contraception

By Ellen Wulfhorst RWAMAGANA, Rwanda (Thomson Reuters Foundation) - Ask Esther Imaniragena to name her top challenge as she doles out contraceptive advice and supplies at a Rwandan health clinic and Read More »

JK Rowling charity urges global action to end orphanages, trafficking

By Emma Batha LONDON (Thomson Reuters Foundation) - A charity founded by "Harry Potter" author J.K. Rowling called on Wednesday for businesses, lawyers and tourists to help end orphanages and the Read More »