In earlier meetings, the Parties agreed to language on finance, intellectual property, and linkages to HCFCs ozone depleting
substances are already being phased out under the Protocol.
HFCs, while not ozone depleting
substances, are potent greenhouse gases.
The Montreal Protocol, as amended, mandated that the last ozone depleting
blowing agents for use in polyurethane were to be phased out as of January 2004.
Except for the historical matters contained herein, statements in this press release, including statements relating to IVAX' approvable letter for albuterol sulfate using a non-ozone depleting
HFA (hydrofluoroalkane) propellant in its breath-activated inhaler, are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
L) announced today it has received notification from the United States Food and Drug Administration (FDA) that its New Drug Application (NDA) for albuterol sulfate using a non-ozone depleting
HFA (hydrofluoroalkane) propellant in a metered dose inhaler (MDI) is approvable.
Pyrogen's aerosol is a widely accepted non-ozone depleting
alternative to Halon.
The market for non-ozone depleting
products is robust,
CAMPATH's unique mechanism of action, targeting and depleting
T-cells, has been well established and could be effective in many areas besides oncology, such as autoimmune and autoimmune-related diseases," said Jeffrey Buchalter, ILEX President and Chief Executive Officer.
In addition to depleting
the trust fund balances, monthly cash flow from these trust funds ceased in July because distribution is tied to the authorization of the State Budget.