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Cosette Pharmaceuticals Acquires Vyleesi® (Bremelanotide Injection) from Palatin Technologies Inc.

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Cosette Pharmaceuticals, Inc. (PTN) has completed the acquisition of Vyleesi®, the only FDA-approved as-needed treatment for the approximately 6 million premenopausal women who suffer from Hypoactive Sexual Desire Disorder (HSDD). The acquisition adds another commercial stage, patent-protected product to Cosette’s rapidly expanding women’s health portfolio. Vyleesi® has experienced 8 consecutive quarters of double-digit prescription growth and includes 5 Orange Book listed patents with protection up to 2041.
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The acquisition of Vyleesi® by Cosette Pharmaceuticals marks a significant strategic move within the pharmaceutical industry, particularly within the niche of women's health. By obtaining a product that is the only FDA-approved, as-needed treatment for Hypoactive Sexual Desire Disorder (HSDD), Cosette is positioning itself as a key player in an area with a clear patient demand. The consistent double-digit prescription growth for eight consecutive quarters indicates a robust market acceptance and a growing user base, which could translate into sustained revenue growth for Cosette.

Moreover, the acquisition includes five Orange Book listed patents, ensuring exclusivity in the market until 2041. This long-term patent protection is a crucial factor in the pharmaceutical industry, as it provides a competitive edge by preventing generic competition and allows for a prolonged period of market exclusivity. The strategic importance of this acquisition cannot be overstated, as it not only diversifies Cosette's portfolio but also enhances its long-term revenue potential within the women's health sector.

HSDD, as a medical condition, presents both a challenge and an opportunity in the healthcare sector. Affecting an estimated 6 million premenopausal women in the U.S., HSDD is the most common form of female sexual dysfunction, yet it remains underdiagnosed and undertreated. The acquisition of Vyleesi® by Cosette Pharmaceuticals could be a game-changer in addressing this gap in care. The treatment's unique as-needed administration provides a flexible option for patients, aligning with the current trend towards personalized medicine.

From a medical research perspective, the success of Vyleesi® hinges on continued education and awareness among both healthcare providers and patients. The biopsychosocial approach to treating HSDD, which encompasses biological, psychological and social factors, underscores the complexity of the condition and the need for comprehensive treatment options. Cosette's commitment to partnering with the women's health community is essential in fostering an environment where HSDD is adequately recognized and managed, potentially leading to improved quality of life for affected individuals.

When evaluating the impact of Cosette Pharmaceuticals' acquisition of Vyleesi® on the market, it is essential to consider the broader context of the women's health sector. This market has historically been underserved, with significant unmet needs in terms of both product development and patient awareness. The focus on HSDD, a condition with a large potential patient population, suggests that Cosette is tapping into a market with considerable expansion opportunities.

Consumer trends indicate a rising demand for women's health products, particularly those that empower patients with self-care options. Vyleesi® aligns with these trends by offering a self-administered treatment, which may increase its marketability and adoption among the target demographic. The consistent growth in prescriptions reflects a positive reception that could be bolstered by strategic marketing and continued education efforts. It is important to monitor how Cosette integrates Vyleesi® into its existing portfolio and whether it can leverage its commercial capabilities to further penetrate the women's health market.

  • Only FDA-Approved As-Needed Treatment For The Approximately 6 Million Premenopausal Women Who Suffer From Hypoactive Sexual Desire Disorder (HSDD)
  • Vyleesi® has experienced 8 Consecutive Quarters of Double-Digit Prescription Growth
  • Acquisition Adds Another Commercial Stage, Patent Protected Product to Cosette’s Rapidly Expanding Women’s Health Portfolio

BRIDGEWATER, N.J.--(BUSINESS WIRE)-- Cosette Pharmaceuticals, Inc. (“Cosette”), a US-based specialty pharmaceutical company with a focus on women’s health and cardiovascular medicines, has completed the acquisition of Vyleesi® from Palatin Technologies, Inc. (NYSE: PTN), which includes 5 Orange Book listed patents with protection up to 2041. Palatin and Cosette will ensure continued patient and healthcare professional access to Vyleesi® throughout the transition period.

Vyleesi (Photo: Business Wire)

Vyleesi (Photo: Business Wire)

“This acquisition highlights Cosette’s continued focus on improving women’s health, and our dedication to increasing awareness and education,” stated Apurva Saraf, President and CEO of Cosette. “Our strong commercial capabilities, coupled with our commitment to partnering with the women’s health community will drive improved access to Vyleesi® for the millions of women who suffer from HSDD.”

HSDD is the most common female sexual dysfunction condition in the U.S., impacting approximately 6 million premenopausal women. HSDD is defined as a persistent or recurrent absence of sexual fantasies and desire for sexual activity, which causes marked personal distress or interpersonal difficulties.

“HSDD has been a recognized medical condition for over 40 years, but is widely underdiagnosed and undertreated,” said Rachel Rubin, M.D., Urologist and Sexual Medicine Specialist. “Vyleesi® is a welcome tool in our biopsychosocial toolbox. It is a novel and effective treatment option for HSDD that can be self-administered as needed in anticipation of sexual activity. Women with HSDD should not ignore or justify their symptoms and should talk to their healthcare provider about reclaiming their sexual desire.”

Cosette is committed to working with healthcare professionals to help ensure women with HSDD have access to Vyleesi®. Cosette offers patients the ability to connect with a physician through a telemedicine option. Patients and providers can learn more about HSDD and Vyleesi®, including Important Safety Information, at www.vyleesi.com.

About Cosette Pharmaceuticals:

Cosette Pharmaceuticals, Inc. (“Cosette”) is a US-based, fully integrated pharmaceutical company with a fast-growing portfolio of branded pharmaceuticals consisting of products in women’s health, cardiology and dermatology. Cosette has a long history in quality manufacturing of complex dosage forms including topical creams, ointments, oral liquids/solutions and suppositories. Cosette has corporate and manufacturing facilities in New Jersey and North Carolina and is supported by 300+ dedicated employees across all functional areas. Cosette is backed by Avista Capital Partners, a healthcare focused private equity firm.

Visit www.cosettepharma.com and follow us on LinkedIn.

Serge Ilin-Schneider: bd@cosettepharma.com

Kevin Hickey: sales@cosettepharma.com

Source: Cosette Pharmaceuticals, Inc.

FAQ

What is the company name and ticker symbol of the specialty pharmaceutical company that completed the acquisition of Vyleesi®?

Cosette Pharmaceuticals, Inc. (PTN) has completed the acquisition of Vyleesi®.

What is Vyleesi® and how many premenopausal women does it aim to help?

Vyleesi® is the only FDA-approved as-needed treatment for the approximately 6 million premenopausal women who suffer from Hypoactive Sexual Desire Disorder (HSDD).

What is the significance of the acquisition of Vyleesi® for Cosette Pharmaceuticals, Inc.?

The acquisition adds another commercial stage, patent-protected product to Cosette’s rapidly expanding women’s health portfolio.

What is the prescription growth trend experienced by Vyleesi®?

Vyleesi® has experienced 8 consecutive quarters of double-digit prescription growth.

How long is Vyleesi® protected by patents?

Vyleesi® includes 5 Orange Book listed patents with protection up to 2041.

Palatin Technologies, Inc.

NYSE:PTN

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About PTN

palatin technologies, inc., a specialized biopharmaceutical company, develops targeted receptor-specific therapeutics for the treatment of various diseases in the united states. the company's lead product is vyleesi, a melanocortin receptor agonist for the treatment of premenopausal women with acquired, generalized hypoactive sexual desire disorder. it is also developing oral pl8177, a selective melanocortin receptor (mcr) 1 agonist peptide that has completed phase i clinical trial for the treatment of inflammatory bowel diseases; and systemic pl8177, which has completed phase i clinical trial for treating non-infectious uveitis and covid-19. in addition, the company engages in the development of pl9643, a peptide melanocortin agonist active at multiple mcrs, including mc1r and mc5r for anti-inflammatory ocular indications, such as dry eye disease; and melanocortin peptides for diabetic retinopathy. further, it is developing pl3994, a natriuretic peptide receptor (npr)-a agonist and sy