Researchers Report Namenda(TM) Provides Significant Benefits as Monotherapy to Patients With Mild to Moderate Alzheimer's Disease

BALTIMORE, Feb. 23 /PRNewswire-FirstCall/ -- Forest Laboratories, Inc. (NYSE: FRX) announced that data from the first U.S. clinical trial evaluating Namenda(TM) (memantine HCl) as monotherapy for the treatment of mild to moderate Alzheimer's disease were presented for the first time today at the American Association for Geriatric Psychiatry (AAGP) Annual Meeting in Baltimore, Maryland. In this study, patients treated with Namenda performed significantly better than patients who received placebo on both primary outcome measures of cognition and global functions. Namenda was very well tolerated in the study, confirming results of previous studies in patients with moderate to severe Alzheimer's disease in which adverse effects with Namenda were comparable to placebo.

"These results are good news for the Alzheimer's community because they suggest that using Namenda in the early stages of Alzheimer's disease may translate into a patient's ability to perform tasks such as communicating with caregivers or remembering names and phone numbers for longer periods of time compared to their ability if they did not receive treatment," said Elaine Peskind, M.D., an investigator on the study and Professor, Department of Psychiatry and Behavioral Sciences, University of Washington School of Medicine. "As Namenda has a mechanism of action distinct from the currently approved treatments for mild to moderate Alzheimer's disease and a favorable safety and tolerability profile, it promises to give physicians, caregivers, and patients a new and different treatment option for mild to moderate Alzheimer's disease based upon FDA approval in the future."

Study Results

Patients who received Namenda performed significantly better on both primary outcome measures of cognition and global function than those patients given placebo. The two primary outcome measures were the Alzheimer's Disease Assessment Scale -- cognitive subscale (ADAS-cog) and the Clinician's Interview-Based Impression of Change -- Plus version (CIBIC-Plus). The ADAS-cog is a commonly used measure of cognitive function frequently used to evaluate mild to moderate Alzheimer's disease. It includes items which evaluate different types of cognitive functions like memory and language. As assessed by the ADAS-cog, patients receiving Namenda maintained cognitive abilities above baseline for the entire 24-week study. Patients receiving placebo exhibited a progressive decline during the study with the difference between the two treatment groups being statistically significant (p=0.003). The CIBIC-Plus is a global measure of a patient's overall status evaluating their cognition, behavior, and activities of daily living. The results of the study reveal that patients receiving Namenda had significantly better global status compared to those taking placebo as assessed by the CIBIC-Plus (p=0.004). Namenda was safe and well tolerated, with patients on Namenda experiencing adverse events at overall rates that were comparable to patients on placebo.

Based on the positive results of this study, Forest Laboratories plans to submit to the U.S. Food and Drug Administration (FDA) a supplemental New Drug Application for a mild to moderate Alzheimer's disease indication for Namenda in mid-2004.

Study Design

The six-month, randomized, double-blind, parallel group, placebo-controlled Phase III study involved 403 patients with mild to moderate Alzheimer's disease at 42 U.S. sites. The study was designed to evaluate the safety and efficacy of Namenda given as monotherapy to patients with mild to moderate Alzheimer's disease at a daily dosage of 10 mg twice a day.

About Namenda

Namenda (memantine HCl) is the first in a new class of medications with a unique mechanism of action that focuses on the glutamate pathway, a new target for the treatment of Alzheimer's disease. Indicated for the treatment of moderate to severe Alzheimer's disease, Namenda was recently approved by the FDA based on the results of three placebo-controlled studies which demonstrated Namenda's efficacy as monotherapy, or when used in combination with the commonly prescribed drug, donepezil. Results from the two U.S. studies in moderate to severe Alzheimer's disease have been published in The New England Journal of Medicine and The Journal of the American Medical Association.

In all clinical trials, Namenda has been safe and well tolerated. Namenda is contraindicated in patients with known hypersensitivity to memantine HCl or to any excipients used in the formulation. The most common adverse events reported with Namenda vs placebo (> or = 5% and higher than placebo) were dizziness, confusion, headache, and constipation. In patients with severe renal impairment the use of Namenda has not been systematically evaluated and is not recommended.

About Forest Laboratories and Its Products

Forest Laboratories' growing line of products includes: Lexapro(TM), an SSRI antidepressant indicated for the initial and maintenance treatment of major depressive disorder and Generalized Anxiety Disorder; Celexa(TM), an antidepressant; Namenda(TM), an N-methyl-D-aspartate (NMDA) receptor antagonist indicated for the treatment of moderate to severe Alzheimer's disease; Tiazac(R), a once-daily diltiazem, indicated for the treatment of angina and hypertension; Benicar(R),* an angiotensin receptor blocker indicated for the treatment of hypertension; Benicar HCT, an angiotensin receptor blocker and diuretic combination product indicated for the second-line treatment of hypertension; and Aerobid(R), an inhaled steroid indicated for the treatment of asthma.

*Benicar(R) is a registered trademark of Sankyo Pharma, Inc.

Except for historical information contained herein, this release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that affect our business, including risk factors listed from time to time in the Company's SEC reports, including the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2003, and Quarterly Reports on Form 10-Q for the periods ending June 30, 2003, and September 30, 2003. Actual results may differ materially from those projected.

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