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Viragen, Inc. and its majority-owned subsidiary, Viragen International,
Inc. , today announced the approval of Multiferon(R), natural human alpha
interferon, for sale in Chile. The Chilean regulatory authorities approved an
application filed by Viragen's distribution partner, Pentafarma S.A., which
holds the exclusive rights to distribute the drug in Chile. Pentafarma is a
wholly-owned subsidiary of Fresenius Medical Care.
"This is a compelling market opportunity for us, as a significant percentage of patients fail or cannot tolerate existing interferon regimens, and Multiferon(R) targets an unmet clinical need for those patients in Chile," stated Pentafarma's General Manager, Mr. Peter Endler. "We have placed an initial order to commence our sales program and distribute Multiferon(R) for all of its approved indications." Multiferon(R) is now approved in Chile for the second-line treatment of any
and all diseases in which recombinant interferon therapy failed, possibly due to
the formation of neutralizing antibodies. As an alternative to single- subtype,
recombinant alpha interferons, Multiferon(R) is primarily marketed for the
treatment of hepatitis B, hepatitis C, chronic myelogenous leukemia, hairy cell
leukemia, renal cell carcinoma and malignant melanoma.
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