ADMA Biologics Announces FDA Approvals of Extended Room Temperature Storage Conditions for ASCENIV™ & BIVIGAM®
ADMA Biologics, Inc. receives FDA approval for extended room temperature storage conditions for ASCENIV and BIVIGAM, enhancing inventory management and product availability.
The FDA's approval for extended room temperature storage of ADMA Biologics' ASCENIV and BIVIGAM products has significant implications for the pharmaceutical supply chain. This change enhances the logistical flexibility and reduces the complexity of distribution and storage. Cold chain storage requirements often necessitate specialized equipment and can be cost-prohibitive, especially for smaller healthcare facilities or those in regions with limited infrastructure.
By extending room temperature storage to any point during the 36-month shelf life, ADMA Biologics may reduce wastage due to temperature excursions and improve inventory turnover. This can lead to cost savings for healthcare providers and potentially increase the products' availability in markets that previously faced challenges with cold chain logistics. Additionally, the immediate commercial availability of these products with extended room temperature storage could lead to an uptick in demand, as providers reassess their inventory and supply chain strategies.
The FDA's approval for ADMA Biologics' products to be stored at room temperature for up to 4 weeks is a strategic enhancement that could broaden the market reach of ASCENIV and BIVIGAM. This regulatory milestone may be perceived positively by investors as it represents an operational advantage over competitors that require strict cold chain management. The approval could translate into increased sales and market share, as ease of product administration is a critical factor for healthcare providers when choosing among treatment options.
It is essential to monitor how this development affects ADMA's financial performance in subsequent quarters. Increased sales volume and market penetration could improve the company's revenue streams and profitability. However, investors should also consider the costs associated with implementing these changes and the potential impact on pricing strategies. The company's ability to effectively communicate this advantage to healthcare providers and leverage it to expand their customer base will be crucial in realizing the potential benefits of the FDA's approval.
The FDA's decision to approve the supplemental Biologics License Applications for ASCENIV and BIVIGAM based on extended room temperature storage conditions is a testament to ADMA Biologics' commitment to meeting stringent regulatory standards. This approval reflects the company's ability to provide data supporting the stability and efficacy of their products under new storage conditions, which is a non-trivial feat in the highly regulated biopharmaceutical industry.
From a regulatory perspective, this approval sets a precedent for other biologics seeking similar storage flexibilities, which could encourage innovation in biopharmaceutical storage solutions. For ADMA, it could also streamline future regulatory processes as they have now established a framework for demonstrating product stability under varied conditions. Stakeholders should consider the potential for this approval to facilitate faster market access for future products and enhancements from ADMA Biologics, as well as the possibility of setting new industry benchmarks for storage requirements.
03/11/2024 - 07:00 AM
FDA Approval Provides for Room Temperature (25°C) Storage Conditions for up to 4 Weeks at Any Point During the 36-Month Approved Shelf Life
Extends the Prior Room Temperature Storage Allowance for the Full 36-months for ASCENIV and BIVIGAM
Provides for Improved Inventory Management and Ease of Product Administration to Patients
Approval of Extended Ambient Storage Conditions for ASCENIV & BIVIGAM is Immediately Effective and Now Commercially Available to U.S. Healthcare Providers
RAMSEY, N.J. and BOCA RATON, Fla., March 11, 2024 (GLOBE NEWSWIRE) -- ADMA Biologics, Inc. (NASDAQ: ADMA) (“ADMA” or the “Company”), an end-to-end commercial biopharmaceutical company dedicated to manufacturing, marketing and developing specialty biologics, today announced the United States Food and Drug Administration’s (“FDA”) approval for its supplemental Biologics License Applications (BLAs) for both ASCENIV and BIVIGAM to extend the approved 4-week room temperature (25°C) storage conditions during the first 24 months of shelf life, to allow for a 4-week room temperature storage at any time during the entire 36-month approved shelf life. The room temperature approval applies to all existing ASCENIV and BIVIGAM lots currently in the commercial supply chain as well as to future production of ASCENIV and BIVIGAM.
“With the FDA-approved extension of room temperature storage conditions, the Company expects to reach more customers who were previously inaccessible due to limited refrigeration space and cold chain capacity constraints,” said Adam Grossman, President and Chief Executive Officer of ADMA. “We believe that this added storage flexibility for both ASCENIV and BIVIGAM will meaningfully enhance our products’ market offerings, enabling more versatile utilization and better inventory management for providers.”
The newly approved extension of room temperature storage conditions for both ASCENIV and BIVIGAM is immediately effective, and both products are commercially available to U.S. healthcare providers and patients.
About ADMA Biologics, Inc. (ADMA)
ADMA Biologics is an end-to-end commercial biopharmaceutical company dedicated to manufacturing, marketing and developing specialty biologics for the treatment of immunodeficient patients at risk for infection and others at risk for certain infectious diseases. ADMA currently manufactures and markets three United States Food and Drug Administration (FDA)-approved plasma-derived biologics for the treatment of immune deficiencies and the prevention of certain infectious diseases: BIVIGAM® (immune globulin intravenous, human) for the treatment of primary humoral immunodeficiency (PI); ASCENIV™ (immune globulin intravenous, human – slra 10% liquid) for the treatment of PI; and NABI-HB® (hepatitis B immune globulin, human) to provide enhanced immunity against the hepatitis B virus. ADMA manufactures its immune globulin products at its FDA-licensed plasma fractionation and purification facility located in Boca Raton, Florida. Through its ADMA BioCenters subsidiary, ADMA also operates as an FDA-approved source plasma collector in the U.S., which provides its blood plasma for the manufacture of its products. ADMA’s mission is to manufacture, market and develop specialty biologics, human immune globulins targeted to niche patient populations for the treatment and prevention of certain infectious diseases and management of immune compromised patient populations who suffer from an underlying immune deficiency, or who may be immune compromised for other medical reasons. ADMA holds numerous U.S. and foreign patents related to and encompassing various aspects of its products and product candidates. For more information, please visit www.admabiologics.com .
About ASCENIV™
ASCENIV (immune globulin intravenous, human – slra 10% liquid) is a plasma-derived, polyclonal, intravenous immune globulin (IVIG). ASCENIV was approved by the United States Food and Drug Administration (FDA) in April 2019 and is indicated for the treatment of primary humoral immunodeficiency (PI), also known as primary immune deficiency disease (PIDD), in adults and adolescents (12 to 17 years of age). ASCENIV is manufactured using ADMA’s unique, patented plasma donor screening methodology and tailored plasma pooling design, which blends normal source plasma and respiratory syncytial virus (RSV) plasma obtained from donors tested using the Company’s proprietary microneutralization assay. ASCENIV contains naturally occurring polyclonal antibodies, which are proteins that are used by the body’s immune system to neutralize microbes, such as bacteria and viruses and prevent against infection and disease. ASCENIV is protected by U.S. Patents: 9,107,906, 9,714,283 and 9,815,886. Certain data and other information about ASCENIV can be found by visiting www.asceniv.com . Information about ADMA and its products can be found on the Company’s website at www.admabiologics.com .
About BIVIGAM ®
BIVIGAM (immune globulin intravenous, human – 10% liquid) is a plasma-derived, polyclonal, intravenous immune globulin (IVIG). BIVIGAM was approved by the FDA in May 2019 and is indicated for the treatment of primary humoral immunodeficiency (PI), including, but not limited to, the following group of genetic disorders: X-linked and congenital agammaglobulinemia, common variable immunodeficiency, Wiskott-Aldrich syndrome and severe combined immunodeficiency. BIVIGAM contains a broad range of antibodies similar to those found in normal human plasma. These antibodies are directed against bacteria and viruses and help to protect PI patients against serious infections. BIVIGAM is a purified, sterile, ready-to-use preparation of concentrated human Immunoglobulin antibodies. Certain data and other information about BIVIGAM or ADMA and its products can be found on the Company’s website at www.admabiologics.com .
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 about ADMA Biologics, Inc. and its subsidiaries (collectively, “our” or the “Company”). Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain such words as “anticipate,” “intend,” “target,” “plan,” “expect,” “believe,” “will,” “is likely,” “will likely,” “should,” “could,” “would,” “may,” or, in each case, their negative, or words or expressions of similar meaning. These forward-looking statements also include, but are not limited to, the anticipated benefits and significance of the FDA’s room temperature storage approval. Actual events or results may differ materially from those described in this press release due to a number of important factors. Current and prospective security holders are cautioned that there also can be no assurance that the forward-looking statements included in this press release will prove to be accurate. Except to the extent required by applicable laws or rules, ADMA does not undertake any obligation to update any forward-looking statements or to announce revisions to any of the forward-looking statements. Forward-looking statements are subject to many risks, uncertainties and other factors that could cause our actual results, and the timing of certain events, to differ materially from any future results expressed or implied by the forward-looking statements, including, but not limited to, the risks and uncertainties described in our filings with the U.S. Securities and Exchange Commission, including our most recent reports on Form 10-K, 10-Q and 8-K, and any amendments thereto.
COMPANY CONTACT : sbloom@admabio.com
INVESTOR RELATIONS CONTACT: michelle@argotpartners.com
The FDA approved extended room temperature storage conditions for ASCENIV and BIVIGAM, allowing for up to 4 weeks of storage at 25°C at any point during the 36-month shelf life.
The approval improves inventory management, ease of product administration to patients, and expands market reach by enabling more customers to access the products due to increased storage flexibility.
The extension of room temperature storage conditions for ASCENIV and BIVIGAM is immediately effective and the products are now commercially available to U.S. healthcare providers and patients.
