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NovaBay Pharmaceuticals Provides Business Update And 2013 Outlook

Recent $7 Million Financing to Accelerate and Expand Clinical Trials

Steady Progress Across Four Business Units:

Ophthalmology

  • Viral conjunctivitis (unmet medical need)
  • Financing to accelerate Phase 2b global 450 patient trial in adenoviral conjunctivitis by expanding number of clinical sites in the U.S. Results from the global trial expected 2H13.
  • Bacterial conjunctivitis (new clinical target)  
  • Financing to fund Phase 2a proof-of-concept bacterial conjunctivitis trial, facilitating ultimate goal of one product for the treatment of both viral and bacterial conjunctivitis.

Dermatology – I mpetigo

  • Partner Galderma S.A. initiated Phase 2b global trial of NVC-422 for treatment of impetigo, a highly contagious skin infection, in September 2012. Galderma expects to report results in mid 2013.

Urology – UCBE

  • Ongoing Phase 2 clinical trial for treatment of urinary catheter blockage and encrustation (UCBE). Clinical data expected 1H13.

Chronic Non-Healing Wounds – NeutroPhase ®

  • Secured agreement with Pioneer Pharma to market NeutroPhase throughout China in January 2012; expanded agreement to include Southeast Asia in September 2012. NeutroPhase recently utilized as part of successful new therapeutic technique for management of necrotizing fasciitis (NF, or "flesh-eating bacteria"). First commercial shipment of NeutroPhase to Southeast Asia completed in December 2012. Additional marketing agreements expected worldwide in 2013.

Resources

  • Cash, cash equivalents and short-term investments at September 30, 2012 totaled $12 million, and are expected to be approximately $17 million at December 31, 2012. Year-end cash resources expected to be sufficient to achieve above milestones.

EMERYVILLE, Calif., Dec. 13, 2012 (GLOBE NEWSWIRE) -- NovaBay® Pharmaceuticals, Inc. (NYSE MKT:NBY), a biotechnology company focused on addressing the large unmet therapeutic needs of the global anti-infective market with first-in-class compounds such as its proprietary Aganocides®, today provided a business update highlighting recent accomplishments and outlook for 2013.

Dr. Ron Najafi, Chairman and Chief Executive Officer, said, "2012 was an exciting year for NovaBay. As a result of the hard work from our talented employees and partners, all three of our Aganocide programs, in ophthalmology, dermatology, and urology, are currently in Phase 2 clinical trials. Data is expected from all of these trials in 2013."

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