2nd February 2017
Mississauga, Ontario — Aralez Pharmaceuticals Inc. (NASDAQ: ARLZ) (TSX: ARZ), a global specialty pharmaceutical company, today announced the opening of new offices in Dublin, Ireland. The company, which focuses on cardiovascular, pain and other specialty areas, plans to add more highly skilled jobs in Dublin by the end of 2017. Adrian Adams, Chief Executive Officer of Aralez Pharmaceuticals, was joined by Mary Mitchell O’Connor, Minister for Jobs, Enterprise and Innovation, to officiate at the opening ceremony. The Dublin offices are Aralez’s first permanent business premises outside of North America.
Speaking at the event, Ms. Mitchell O’Connor said, “The pharma industry makes a huge contribution to the Irish economy in terms of jobs and manufacturing exports, and is one of our fastest growing sectors. In addition to the very big players, we are very keen to attract specialty pharma companies like Aralez who will broaden the reach of the industry here and generate new opportunities. This company's decision to establish its new offices here in Dublin, with quality jobs being created, will help drive the company's expansion into EU markets. I look forward to a mutually beneficial partnership developing".
“The opening of our new Ireland headquarters is extremely important to Aralez. Ireland has an excellent reputation as a leading location for talented professionals in the pharmaceutical industry and will be essential to help us grow our operations over the next few years.”
Welcoming today’s announcement Martin Shanahan, Chief Executive Officer of Ireland’s Industrial Development Authority said: “Ireland is a globally recognised centre of excellence in life sciences due to the country’s strong regulatory track record and talent availability. The pharma industry makes a huge contribution to the Irish economy in terms of the creation of skilled and highly sought after positions. The establishment of Aralez in Dublin represents a welcome endorsement of the talent and business infrastructure which Ireland has to offer. The IDA looks forward to the further growth of Aralez over the course of the next few years.”
About Aralez Pharmaceuticals Inc.
Aralez Pharmaceuticals Inc. (NASDAQ: ARLZ and TSX: ARZ) is a global specialty pharmaceutical company focused on delivering meaningful products to improve patients’ lives while creating shareholder value by acquiring, developing and commercializing products primarily in cardiovascular, pain and other specialty areas. Aralez’s Global Headquarters is in Mississauga, Ontario, Canada, its U.S. Headquarters is in Princeton, NJ and the Ireland Headquarters is in Dublin, Ireland. More information about Aralez can be found at www.aralez.com.
Cautionary Language Concerning Forward-Looking Statements
This press release includes certain statements that constitute “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to, statements regarding the opening of our new Ireland headquarters as extremely important to Aralez, Ireland as essential to help us grow our operations over the next few years, plans to add more highly skilled jobs in Dublin by the end of 2017, Ireland’s excellent reputation as a leading location for talented professionals in the pharmaceutical industry, specialty pharma companies like Aralez broadening the reach of the industry in Ireland and generating new opportunities, the Ireland office helping to drive Aralez's expansion into EU markets, Ireland as a globally recognised centre of excellence in life sciences due to the country’s strong regulatory track record and talent availability, the Aralez Dublin office as a welcome endorsement of the talent and business infrastructure which Ireland has to offer, further growth of Aralez over the course of the next few years, and other statements that are not historical facts, and such statements are typically identified by use of terms such as “may,” “will,” “would,” “should,” “could,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “likely,” “potential,” “continue” or the negative or similar words, variations of these words or other comparable words or phrases, although some forward-looking statements are expressed differently.
You should be aware that the forward-looking statements included herein represent management’s current judgment and expectations, and are based on current estimates and assumptions made by management in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that it believes are appropriate and reasonable under the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct and, as a result, the forward-looking statements based on those assumptions could prove to be incorrect. Accordingly, actual results, level of activity, performance or achievements or future events or developments could differ materially from those expressed or implied in the forward-looking statements. Our operations involve risks and uncertainties, many of which are outside of our control, and any one or any combination of these risks and uncertainties could also affect whether the forward-looking statements ultimately prove to be correct and could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties include, without limitation, our inability to build, acquire or contract with a sales force of sufficient scale for the commercialization of our products in a timely and cost-effective manner; our failure to successfully commercialize our products and product candidates; competition, including increased generic competition; costs and delays in the development and/or approval of our product candidates, including as a result of the need to conduct additional studies or due to issues with third-party API or finished product manufacturers, or the failure to obtain such approval of our product candidates for all expected indications, including as a result of changes in regulatory standards or the regulatory environment during the development period of any of our product candidates; with respect to certain products, dependence on reimbursement from third-party payors and the possibility of a failure to obtain coverage or reduction in the extent of reimbursement; the inability to maintain or enter into, and the risks resulting from our dependence upon, collaboration or contractual arrangements necessary for the development, manufacture, commercialization, marketing, sales and distribution of any products, including our dependence on AstraZeneca AB and Horizon Pharma USA, Inc. for the sales and marketing of VIMOVO®, our dependence on Patheon Pharmaceuticals Inc. for the manufacture of Yosprala®, our dependence on Schering-Plough (Ireland) Company for the supply of ZONTIVITY® and our dependence on AstraZeneca AB for the manufacture and supply of Toprol-XL® and its currently marked authorized generic (AG); our ability to protect our intellectual property and defend our patents; regulatory obligations and oversight; failure to successfully identify, execute, integrate, maintain and realize expected benefits from new acquisitions, such as the acquisitions of Tribute Pharmaceuticals Canada Inc., ZONTIVITY and Toprol-XL and its AG; fluctuations in the value of certain foreign currencies, including the Canadian dollar, in relation to the U.S. dollar, and other world currencies; changes in government regulations, including tax laws and unanticipated tax liabilities and regulations regarding the pricing of pharmaceutical products; risks related to our financing; general adverse economic, market and business conditions; and those risks detailed from time-to-time under the caption “Risk Factors” and elsewhere in the Company’s Securities and Exchange Commission (SEC) filings and reports and Canadian securities law filings, including in our Annual Report on Form 10-K for the year ended December 31, 2015 and our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2016, which are available on EDGAR at www.sec.gov, on SEDAR at www.sedar.com, and on the Company’s website at www.aralez.com, and those described from time to time in our future reports filed with the SEC and applicable securities regulatory authorities in Canada. You should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law.
Contact Information:
Aralez Pharmaceuticals US Inc.
Nichol Ochsner
Executive Director,
Investor Relations & Corporate Communications
nochsner@aralez.com
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