Faes Farma and Mitelos announce agreement to commercialize OtiFaes Taponox® in Spain

September 20, 2016.-Faes and Mitelos will make OtiFaes Taponox® available to doctors and patients.This represents a therapeutic alternative for treating impacted ear wax. OtiFaes Taponox® otic spray helps to remove impacted ear wax from the ear canal thanks to its formulation, which is oil-free and helps the ear to maintain the proper pH. OtiFaes Taponox® which is due to go on sale by Faes Farma, has been developed, registered and manufactured by Mitelos.

Through this agreement for Spain and Portugal, Faes Farma will add yet another product to its ENT portfolio, a specialty in which it has significant commercial and research activity.

Caring for and cleaning the ears is essential to prevent hearing problems and infections. It is estimated that one in twenty adults at some point in their life will experience impacted ear wax. This figure rises to one in three people in the elderly population.

In addition to its cerumenolytic action, OtiFaes Taponox® benefits patients with associated risk factors that make them more prone to otitis externa, such as those with dermatological conditions (eczema, psoriasis, seborrheic dermatitis, etc.) and immunosuppression, and users of headphones and hearing aids.

In pharmacies in the Spanish market for cerumenolytic products, more than one million units are sold each year.

OtiFaes Taponox® comes in a 45-mL dosage form, including an ergonomic, push-button otic spray, which enables the correct amount to be used in each dose. OtiFaes Taponox® does not require a doctor’s prescription.

About Faes

Farma Founded in 1933, Faes Farma is a Spanish pharmaceutical company with vast international experience. At Faes Farma, we research, manufacture and market pharmaceutical products and raw materials, and we export to more than 60 countries.For more information, visit www.faes.es

For more information:

Ainoa Santonja

ainoa.santonja@porternovelli.es

Tel.: +3491 702 73 00

About Mitelos

Mitelos is an independent private company that develops, registers and licenses health products and dietary supplements. Mitelos also provides business development services to third parties in order to help clients achieve their growth-related goals. For more information, visit www.mitelos.com

For more information:

Joaquim Colomé

jcolome@mitelos.com

Tel.: +34 935 481 858