Cipher Pharmaceuticals Provides Update on Absorica Brand Extension Program with Sun Pharmaceutical

OAKVILLE, ON, Feb. 6, 2020 /CNW/ - Cipher Pharmaceuticals Inc. (TSX:CPH) ("Cipher" or "the Company") is pleased to announce that Sun Pharmaceutical Industries Ltd. ("Sun Pharma"), the Company's U.S. marketing partner for Absorica^®, has launched ABSORICA LD^™ (isotretinoin) capsules in the U.S for the management of severe recalcitrant nodular acne in patients 12 years of age and older.

In August 2008, Cipher granted Sun Pharma the exclusive right to market, sell and distribute Absorica in the United States. Cipher later amended this distribution and supply agreement (the "Amendment") in July 2018. The Amendment included, among several changes:

• The ability for Sun Pharma to launch new isotretinoin products developed by or on behalf of Sun Pharma in the U.S. prior to the expiration of the agreement in November 2022;
  
  
• Expanded the agreement to include a royalty payable to Cipher until December 2024 based on U.S. net sales from Sun Pharma's isotretinoin product portfolio; and

"We are pleased to see Sun Pharma bring this new and enhanced formulation of Absorica to the market. In addition to the benefits this provides to the patient population, we are hopeful this will have a positive effect on our future revenue stream on this product," said Craig Mull, Interim CEO of Cipher. 

About Cipher Pharmaceuticals Inc.

Cipher Pharmaceuticals (TSX:CPH) is a specialty pharmaceutical company with a robust and diversified portfolio of commercial and early to late-stage products.  Cipher acquires products that fulfill unmet medical needs, manages the required clinical development and regulatory approval process, and markets those products either directly in Canada or indirectly through partners in Canada, the U.S., and South America.    For more information, visit www.cipherpharma.com.

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We caution that the foregoing list of important factors that may affect future results is not exhaustive. When reviewing our forward-looking statements, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Additional information about factors that may cause actual results to differ materially from expectations, and about material factors or assumptions applied in making forward-looking statements, may be found in the "Risk Factors" section of this MD&A and the Annual Information Form for the year ended December 31, 2018, and elsewhere in our filings with Canadian securities regulators. Except as required by Canadian securities law, we do not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by us or on our behalf; such statements speak only as of the date made. The forward-looking statements included herein are expressly qualified in their entirety by this cautionary language.

SOURCE Cipher Pharmaceuticals Inc.