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PharmStar Inc. The problem with current OTC pain relievers ASPIRIN, (in tablet and powdered form, including Bayer’s new “QUICK RELEASE CRYSTALS” (NSAID) Aspirin, in tablet, powder, and Bayer’s new quick release crystal form, is acidic, non-soluble in water, and only about 40 to 45% of the drug ever gets into the blood stream. Because of these forms, it is slow to be effective, taking as much as 30 to 40 minutes to reach therapeutic levels and causes side effects such as stomach bleeding and gastric upset. In millions of patients this causes severe gastric distress and sometimes even hemorrhage due to direct contact between un-dissolved aspirin particles and the stomach lining. Indeed, it is precisely these gastro-toxic, ulcerogenic adverse-reactions that prevent many patients from taking full advantage of aspirin’s many benefits. ACETAMINOPHEN (TYLENOL) (Non-NSAID) Acetaminophen, the most popular pain reliever has several problems of it’s own. It is not an anti-inflammatory drug. It is weak on reducing pain and takes up to 1 hour to reach peak blood levels thereby a slow onset of pain relief. Side effects are liver damage. Recently, acetaminophen products have been found to cause liver damage at lower doses & have been required to “black label” the product packaging. IBUPROFEN (ADVIL), (MOTRIN), (NSAID) Ibuprofen, like aspirin tablets, has become a very popular pain reliever and basically has the same properties as aspirin. Ibuprofen is not soluble in water and causes gastric bleeding and gastric distress in some patients. The onset of pain relief usually takes at least 25 to 35 minutes. Ibuprofen also carries having a greater risk of heart attack and reduces the effect of an aspirin regimen for reduction of heart attack and stroke. NAPROXEN SODIUM (ALEVE) (NSAID) Naproxen sodium, also known as ALEVE, NUPRIN, and NAPROSYN, has been on the market for many years. It has been sold in the past generally as an anti-inflammatory for long term use. The onset of action is very slow, (at least 30 minutes before relief begins and a few days for inflammation reduction), and the side effects are generally the same as for aspirin and ibuprofen. This product is mainly for long term use of inflammation reduction and arthritis pain release although, can have significant gastric side effects. PharmStar Inc. The Solution to the problem The scientists at PharmStar have been developing for a period of over 20 years to effectively, rapidly, and completely convert common aspirin, the “GOLD STANDARD” of pain relievers, into a much more effective and safer form. What has been achieved is the most significant breakthrough in the pain reliever field in many decades. The potassium based derivative of aspirin, “AQUAPRIN ” is the safest, most effective, and fastest acting form of aspirin, and as a matter of fact, faster acting and safer, and therapeutically more effective than any other over the counter pain reliever worldwide. Most likely it will be the best OTC pain reliever worldwide. PharmStar expects to be a leader in the pain management field, and to capture a substantial segment of the analgesic, cardio protective, anti-thrombotic and antipyretic pharmacotherapeutic market because AQUAPRIN and other line extension products offer significant competitive advantages. AQUAPRIN is an instantly dissolving, fastacting, non-acidic, safe, potent, drinkable derivative of aspirin, which virtually eliminates irritation to the GI-tract. It is also a more effective and efficient method of delivering salicylates into the blood stream, achieving almost peak blood plasma levels in 5 to 7 minutes. Moreover, it contains therapeutically active levels of potassium which acts as an antacid, neutralizing stomach acid. Potassium also lowers blood pressure and helps to dilate blood vessels allowing for better blood circulation. Since the aspirin-derivative salicylates in AQUAPRIN are fully dissolved into an antacid solution, they are immediately absorbed into the blood stream. AQUAPRIN ‘s antacid characteristics help neutralize stomach acids, thus virtually eliminating local topical and systemic gastric irritation and damage. In addition, salicylates in conventional aspirin tablets are degraded during their passage through the GI-tract and during metabolism. This causes them to achieve only 30 to 40% absorption efficiency. AQUAPRIN ‘s unique formula allows it to achieve 100% absorption efficiency. 2 PharmStar Inc. Product Background Aspirin has been and is still considered the “GOLD STANDARD” of over the counter pain relievers. It is a superior non-steroidal, anti-inflammatory, pain reliever, anticoagulant, fever reducer, and anti-heart attack and stroke preventative medication. For general use, aspirin is only available in tablet and powder forms in the USA. In these forms, it is acidic, not soluble in water or the gastric system, has low and slow absorbance into the blood stream, and causes gastric irritation and stomach bleeding. Calcium and sodium based water soluble forms of aspirin, available in other parts of the world have proven to be faster acting, more efficiently absorbed into the blood stream and produce significantly less side effects. The negative aspect of these forms is that they take a few minutes to dissolve, leaves a lot of residue, have a gritty bad taste, high levels of sodium or calcium carbonate and do not meet FDA regulations for sale in the USA. AQUAPRIN, the only potassium based superior form of a water soluble aspirin is positioned to take aspirin to the highest level of safety, efficacy, speed of relief, and taste, outperforming all other OTC pain medications. 3 PharmStar Inc. The Product When aspirin and potassium bicarbonate are physically combined together in the presence of water, an instant chemical reaction takes place. Using PharmStar’s technology, this reaction instantly and totally dissolves the aspirin forming AQUAPRIN, which is a residue free clear drink, ready in ~15 seconds. AQUAPRIN is the water solubilized potassium salt of aspirin, (potassium acetylsalicylate). In this form, it is non acidic, is antacid, safest, fastest acting, extremely more therapeutically effective derivative of aspirin. The potassium based product provides about 350 mg of potassium with each dose. 4 PharmStar Inc. Physical Properties of AQUAPRIN A crystalline form, packaged in a small foil “Strip Pack” which totally dissolves in less than 30 seconds in 1.5 oz or more tap water into a clear, effervescing tasty drink. No undissolved grit or residue. Antacid. Solubility & taste superior to marketed sodium or calcium-based forms of aspirin in Europe. Free-flowing crystalline form packaged in .75"x2.5" foil packets, available in several pleasant flavors. 5 PharmStar Inc AQUAPRIN, “PAIN-AWAY” • A special formulation of AQUAPRIN in a crystalline form which totally dissolves in less than 30 seconds in 1.5 oz. or more tap water into a clear, effervescing tasty drink leaving no undissolved grit or residue. • Is an antacid. A SPECIAL FORMULATION OF AQUAPRIN , WHICH RELIEVES HEADACHES IN 5 to 10 MINUTES • Solubility and taste superior to marketed sodium or calcium-based forms of aspirin in the USA & Europe. • Free-flowing crystalline form packaged in .75"x2.5" foil packets. • Available in several pleasant flavors. 6 PharmStar Inc. AQUAPRIN, “DAILY REGIMEN” Packaged in a small foil packet (1”x 1”), and blister strips, which contains a crystalline formulation. When the ingredients are added to 1 or more ounces of water or any other drink of any quantity, a chemical reaction takes place. This reaction instantly solubilizes the 81 mg of aspirin into a clear tasteless solution without any un-dissolved particles or scum. The results are a much safer and therapeudically more effective delivery of aspirin. 7 PharmStar Inc. AQUAPRIN / INSTA-PRIN DELIVERY SYSTEM DESIGNED FOR “EMERGENCY” USE • • • • A disposable device for one-time emergency use, which contains a crystalline formulation in one sealed compartment and 1.5 oz. of water in an expandable and squeezable container. Upon activation, INSTA-PRIN is instantly solubilized in the water compartment. The solution can then be dispensed in seconds by squeezing the water compartment, delivering 650 mg of solubilized aspirin. INSTA-PRIN is intended for use where water is not always readily available and fast effectiveness is critical. Ideal for first-response treatment of heart attacks and strokes. 8 PharmStar Inc. Advantages of AQUAPRIN • Significantly reduces stomach distress by • • • • • 90 percent. Five times the speed of effectiveness of aspirin tablets & powders. Significantly higher pain relieving therapeutic levels for the same mg of aspirin. Safer and faster dosing method. Gives longer-lasting relief between doses. Is an antacid. 9 PharmStar Inc. What is AQUAPRIN Indicated For ? 1. Normal to severe pain relief 2. Headaches, normal & migraine 3. Cox 1 & 2 inhibitor (Arthritis Sufferers) 4. Anti-pyretic (fever reducer) 5. Anti-coagulant 6. Anti-heart attack & stroke 7. Anti-inflammatory 8. Sour stomach, acid indigestion 10 PharmStar Inc. Aspirin vs. AQUAPRIN Superiority Of AQUAPRIN Over Competition Characteristics % Absorbed into the Bloodstream Time to Therapeutic Blood Levels Time to Peak blood levels % In Blood Stream After 5 Minutes Time to Start Working on Pain Efficacy of Pain Relief Time to Relieve Headaches Effectiveness in relieving Migraine Gastric Irritation Gastric Damage Score Effect on Gastric Mucosa Dosing Method Aspirin Tablets & Powders AQUAPRIN™ Improvement 40-45% 20 Minutes 45-60 Minutes Less than 5% 20-30 Minutes Normal 25-40 Minutes Low 20-25% of Patients 2.0 Acid Two 335 mg tabs + 6oz of Water 100% 2 Minutes 7-10 Minutes 70-80% 2 Minutes More than Twice 5 to 10 Minutes High- Proven in Studies 1-2% of Patients .15 Antacid (soothing) 1.5 or more oz. Drink 110% More 10X Faster 6X Faster 70% More 10X Faster More Than 2X 5X Faster Much Higher 20X Less 90% Less Acidic Less Water 11 PharmStar Inc. Absorption Rate of AQUAPRIN Aqua prin Absorption Rate Compared with Published Data for Other Asprin Formulations Plasma Total Salicylate, mg Per Liter 60 50 40 30 Potasium Acetylsalicylate (Aquaprin) Sodium Acetylsalicylate (Alka-Seltzer) Aspirin Tablet (Bayer) or equivalent Highly Buffered Aspirin (Bufferin) Aspirin in Hot Water (Not Available) Effervescent Aspirin (Not Available) 20 10 0 0 5 10 15 20 25 30 35 40 45 50 55 60 Tim e, in Minutes Plasma total salicylate concentrations follow ing the oral injestion of various preparations of aspirin. Each dose w as equivalent to 640 milligrams of aspirin in all cases. 12 . PharmStar Inc. Solubilized Aspirin (AQUAPRIN) Causes Less Gastric Irritation Than Tablets & Powders Mean gastric damage score for 30 volunteers taking a solubilized aspirin vs. solid aspirin tablets at 6,12, and 24 hours. Damage Score 2.5 Soluble Aspirin Aspirin Tablets 2 1.5 Data shown drawn from a study by: (Jaiswal et al IUPHAR 9th International Congress of Pharmacology, 1984) Study done using “Disprin” brand soluble aspirin. 1 0.5 0 This randomized, double blind, crossover study in 30 volunteers involved visual inspection by gastroscopy at various time intervals after drug administration. 6 Hours 12 Hours 24 Hours Time 13 PharmStar Inc. Status of Development AQUAPRIN formulations fully developed and tested, including a sports pain drink. AQUAPRIN will be available in several flavors, which have already been developed. Packaging and process equipment specifications established. Processes and formulas are ready for full scale production. INSTA-PRIN device in final engineering configuration and all basic operating principles tested. 14 PharmStar Inc. AQUAPRIN, Rapid Path to Market No additional FDA approvals required to market Over the counter. AQUAPRIN conforms to the approved Over the Counter Monographs: • USP Official OTC Monograph: “Aspirin Effervescent Tablets for Oral Solution”. • USP Official OTC Monograph: “Buffered Aspirin Tablets” • US Federal Register designation of approved combinations with Aspirin http://frwebgate3.access.gpo.gov/cgi-bin/TEXTgate.cgi?WAISdocID=3060554727+1+1+0&WAISaction=retrieve http://law.justia.com/us/cfr/title21/21-5.0.1.1.10.html#21:5.0.1.1.10.2.1.2 CGMP-compliant manufacturing facility to be registered with the FDA. 15 PharmStar Inc. Sales Potential The pain reliever market in the US alone exceeds $10 billion annually and more than $30 billion worldwide. AQUAPRIN will compete in the worldwide market for over the counter pain medications having advantages over all other OTC pain relievers. The price point of the AQUAPRIN product will be very competitive with current OTC branded pain relievers but cost less to produce. COX-2 inhibitors for arthritis generate more than $4 billion annually . AQUAPRIN is believed to be a safe & effective COX-2 inhibitor for arthritis. With appropriate marketing and endorsements, the sales potential for AQUAPRIN can exceed $1 billion in the US alone. 16 PharmStar Inc. Market & Competition • The worldwide annual market for “soluble forms of aspirin” products alone exceeds $2 billion. However, AQUAPRIN will be positioned to compete in the worldwide “over the counter” pain reliever sector. The “INSTA-PRIN ” product has no competition worldwide and can command a sizeable market alone. INSTA-PRIN will be carried by EMC, police, and anyone who needs immediate drug intervention at the signs of stroke or heart attacks. Major pharmaceutical firms have soluble aspirin products in Europe, the Middle East, and Asia, BUT: •None meet the USP requirements for marketing in the USA •All are either sodium or calcium based •All require several minutes to dissolve and leave residue and undissolved particles in the liquid •Alka-Seltzer , the only soluble aspirin in the US, has a high sodium content and is sold as an antacid/pain reliever and not a daily pain reliever and arthritus treatment • If PharmStar only achieves .5% market share over the next five years, it’s sales will exceed $100 million dollars. This does not include the COX 2 arthritus market and prescription migraine market which, can easily triple the sales. To achieve these levels of sales, additional monies will be required to succeed. 17 PharmStar Inc. Marketing & Sales Strategy In the US, no oral competing products exist, in terms of potency, rapid onset of action, and gastric tolerance. Neither does any competing product exists that can deliver a comparably high percentage of un-degraded salicylates per analgesic or cardio protective dose. 1. It will, for this reason, be strategically launched in such target sectors as AARP, hospitals and nursing home pharmacies, and by direct marketing, with detail samples and technical data, to medical professionals, as well as via special “2-for-1” buying incentives for distributors. Internet banners, infomercials, and consumer hot-lines will likewise be deployed after the initial 6 months, as will dedicated e-commerce, permitting direct purchase of AQUAPRIN from The Company. A special information and product campaign will be aimed toward emergency medical service organizations. 2. The Company recognizes the cost and difficulty for a new product to secure prominent shelf-space in drugstores. The company will initially, during the first phase of funding, depend on vigorous sales promotion and highly visible point-of-purchase displays at high-traffic consumer corridors. The company feels that the product is so superior to all other OTC pain relievers, that once tried with free samples, the public will want the product. Also, local-media coupons and direct marketing will be creatively deployed by the Company to get its products distributed. The company will also make a strategic alliance with a major pharmaceutical distribution company. 3. The Company’s strategic marketing plan includes English/Spanish promotional, packaging and medicinal insert formats. Overall Hispanic growth demographics show manifold increases in every quadrant of this population sector over the past 3 decades. AQUAPRIN’s bilingual debut also translates into easier brand-recognition and penetration of Mexican, Central and South American markets as soon as practicable, and without having to revamp or redesign product packaging or advertising. 4. Once The Company’s brand name is established in the market, the public will express its awareness of AQUAPRIN’s benefits by seeking out and purchasing the product on its own initiative. 18