Moberg Pharma publ : receives favorable outcome from NAD – main competitor to discontinue current marketing
January 15, 2018 at 03:59 am EST
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In the spring of 2017, Moberg Pharma filed a challenge to NAD on claims made by Kramer Laboratories, Inc. as for the Original Fungi-Nail Toe & Foot Brand ('Fungi-Nail Toe & Foot') and Fungi-Nail Nailner. The challenge mainly concerned product packaging, television and print advertising for 'Fungi-Nail Toe & Foot'; claiming to treat toenail fungus rather than athlete's foot which is the approved indication for the product.
A more detailed description of NAD's rationale and conclusion on the challenge is available in a press release from ASRC, please seehttp://www.asrcreviews.org/nad-refers-advertising-for-fungi-nail-products-to-ftc-for-further-review-after-company-declines-to-comply-with-nad-recommendations/. The press release sets forth NAD's conclusions:
NAD recommended the advertiser to discontinue the Fungi-Nail Toe & Foot product name and the associated fungal toenail images.
NAD also recommended the Fungi-Nail Toe & Foot product packaging and television commercials to be discontinued or modified to clearly and conspicuously state, in proximity to the main advertising claims, that the product treats athlete's foot, not toenail fungus.
NAD recommended the advertiser to discontinue all claims that the Fungi-Nail Toe & Foot product works 'fast,' kills fungus 'on contact,' stops 'tough' infections, and is the '#1 Pharmacist Recommended' brand. However, NAD found that there is a reasonable basis for the advertiser's 'stops the spread' (of the skin fungus) claim.
With respect to the advertiser's Fungi-Nail Nailner product, NAD recommended the image of the fungal toenail, as well as the claims: 'Clears nails fast,' 'Visible results after seven days,' 'Looking to improve nail appearance fast? These cure fungus ugly nails in 48 weeks,' and 'Fungus Ugly to Prettier Nails Fast!' to be discontinued.
According to NAD, Kramer Laboratories have declared that they will comply with all recommendations except for changing the trade name. As a result, NAD has referred the trade name issue to the attention of the appropriate government agency for possible enforcement action.
'We are highly pleased with the outcome from NAD and weexpect the outcome to further strengthen Kerasal Nails® position and growth prospects in the U.S. market', says Peter Wolpert, CEO of Moberg Pharma AB.
About this information
Moberg Pharma AB is obliged to make this information public pursuant to the EU Market Abuse Regulation (MAR). The information was submitted for publication, through the agency of the contact person set out above, at 08:30 a.m. (CET) on January 15th, 2018.
For more information, please contact:Peter Wolpert, CEO, phone: +1 908 432 22 03 (US), +46 70 735 71 35, e-mail:peter.wolpert@mobergpharma.se Anna Ljung, CFO, phone: +46 70 766 60 30, e-mail:anna.ljung@mobergpharma.se
About Moberg Pharma,www.mobergpharma.com Moberg Pharma AB (publ.) is a rapidly growing Swedish pharmaceutical company with OTC sales operations in the U.S. and a distributor network in more than 40 countries. The company's portfolio includes the OTC brands Kerasal®, Kerasal Nail®, Balmex®, New Skin®, Dermoplast® and Domeboro®. Kerasal Nail® (Emtrix®, Zanmira® or Nalox™ in certain markets) is a leading OTC treatment of nail disorders in the U.S., Canada as well as in several markets in EU and Southeast Asia. The company is growing organically as well as through acquisitions. Internal development programs focus on innovative drug delivery of proven compounds and include two assets in late-stage clinical development, MOB-015 (onychomycosis, phase 3 studies ongoing) and BUPI (pain management in oral mucositis, preparations for phase 3 studies ongoing). Moberg Pharma has offices in Stockholm and New Jersey and the company's shares are listed on the Small Cap list of the NASDAQ OMX Nordic Exchange Stockholm (OMX: MOB).
Moberg Pharma AB published this content on 15 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 January 2018 08:59:01 UTC.
Original documenthttp://www.mobergpharma.com/press-releases/2018-01-15/moberg-pharma-receives-favorable-outcome-nad-main-competitor-discontinue
Public permalinkhttp://www.publicnow.com/view/F92E9F7B0751DCC25633F1274E90C80BBBC0C484
Moberg Pharma AB is a Sweden-based pharmaceutical company. Its product portfolio includes products for the treatment of skin diseases and pain, such as Emtrix/Nalox, for the treatment of nails damaged by fungus or psoriasis; Kerasal, for dry and damaged feet, and Kaprolac, a range of products for several types of skin and scalp problems. Additionally, the Company has two projects in phase II of development, namely MOB-15, for the treatment of nail fungus, and Limtop, for the treatment of actinic keratosis, basalioma and genital warts. The Company collaborates with Meda AB, Menarini Group, Perrigo Company, OzHealth Pharma and Zelmic AB, among others. It is active in more than 35 countries, and operates, among others, through Alterna LLC. It also owns three Over-The-Counter (OTC) brands in the United States.