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Mystic Pharmaceuticals Receives Notice of Allowance for Novel Powder Drug Delivery Technology

July 31, 2014

Unit of Use Powder Drug Packaging and Delivery Technology Enables Innovation of New Classes of Drug/Device Combination Products

AUSTIN, Texas--(BUSINESS WIRE)-- Mystic Pharmaceuticals, Inc., a privately held, integrated specialty pharmaceutical company, announced today it has received a Notice of Allowance from the United States Patent Office for its “Medical Devices For Dispensing Powders” (application 13/433,586). Mystic’s latest innovation enables patient self administration of drugs and biologics formulated as powders for systemic nasal, nose-to-brain, ophthalmic, sublingual and buccal routes of administration.

“Drugs and biologics formulated, packaged and delivered as powders offer tremendous benefits for product stability and can eliminate the need for cold chain management. Our technology provides precision delivery of prescription medications utilizing low cost, mono-dose or multi-dose dispensers without the expense and complexity of volatile propellants,” said Timothy Sullivan, Mystic’s President and CEO.

These latest innovations extend the capabilities of Mystic’s VRx2™ “unit of use” packaging and delivery platform enabling the development of new classes of innovative, value-add drug/device combination products and routes of non-invasive administration. VersiDoser® and VRx2™ delivery technologies are used in combination with therapeutics for the treatment of ocular, CNS, neurodegenerative and infectious diseases affecting large global populations.

Mystic’s delivery platform technologies and product integration services enable pharmaceutical and biotech manufacturers to develop drug/device combination products that can extend or establish market exclusivity and competitive differentiation for new or existing drugs and biologics. The shift to developing value added, patient-centric products benefits the consumer through improved compliance and health outcomes while building brand value for the pharmaceutical manufacturer. Mystic’s delivery platforms and products are designed to meet the diverse demands of consumers and pharma manufacturers in globally competitive markets.

About Mystic Pharmaceuticals, Inc.

Mystic Pharmaceuticals® is an integrated specialty pharmaceutical manufacturer based in Austin, Texas. Mystic provides patient-centric unit dose packaging and delivery technology for pharmaceuticals, biopharmaceuticals and biologics for intranasal, nose-to-brain, ophthalmic, sublingual, and otic applications. Mystic combines its novel delivery systems with pharmaceuticals and biologics under development by Mystic and its partners, to meet the expanding global market demand for healthcare products that are safer, simpler to use and cost effective. For more information please visit the Mystic website at: http://www.mysticpharmaceuticals.com





Mystic Pharmaceuticals, Inc.

Melissa Brandt, +1-512-918-2900 ext. 224

mbrandt@mysticpharmaceuticals.com

Source: Mystic Pharmaceuticals, Inc.


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