CONTACT:
Acura Pharmaceuticals, Inc.
Peter A. Clemens, SVP Investor Relations & CFO
(847-705-7709)
FOR IMMEDIATE RELEASE

ACURA PHARMACEUTICALS, INC.
AND FDA REACH AGREEMENT ON SPECIAL PROTOCOL ASSESSMENT FOR PIVOTAL PHASE 3
STUDY FOR OxyADF TABLETS
Palatine, IL, June 19, 2007:
Acura Pharmaceuticals, Inc. (OTC.BB-ACUR) (the
Company) today announced it has reached agreement with the US Food
and Drug Administration (FDA) on a Special Protocol Assessment (SPA)
for a pivotal Phase 3 trial of OxyADF Tablets. A SPA is a process in
which the FDA provides evaluation and guidance on protocols for Phase 3
clinical trials. The FDA's agreement to the SPA confirms that the
design, primary endpoint, and planned statistical analyses of the study
adequately addresses the requirements supporting a New Drug Application
(NDA) submission for OxyADF Tablets. The FDA previously communicated to
the Company that only one successful Phase 3 pivotal study will be
required prior to NDA submission. While there can be no assurance as to
the safety or efficacy results of the Phase 3 trial for OxyADF Tablets,
if the Company follows the agreed-upon protocol, then much of the
uncertainty associated with the design of this study should be removed.
A SPA is binding upon the FDA unless the trial protocol is changed by
the Company or a substantial scientific issue essential to determining
safety or efficacy is identified after the testing begins.
OxyADF Tablet Pivotal Phase 3 Study Design
The OxyADF Tablet pivotal trial, AP-ADF-105
(Study 105), is titled “A Phase 3, Randomized, Double-blind,
Placebo-controlled, Multicenter, Repeat-dose Study of the Safety and
Efficacy of OxyADF (oxycodone HCl and niacin) Tablets for the Treatment
of Acute, Moderate to Severe Postoperative Pain Following Bunionectomy
Surgery in Adult Patients.” Study 105 is a 3-arm study comparing two
dose levels of OxyADF Tablets to placebo. Study medication in all three
study arms will be administered every six hours for 48 hours following
the onset of moderate to severe pain following surgery. Study 105 is
anticipated to enroll 135 patients per arm (approximately 405 patients
in total). In May 2007, in anticipation of receiving FDA agreement to
the SPA, the Company executed a Clinical Trial Development Agreement
with a leading Contract Research Organization and commenced preliminary
start-up activities required prior to beginning patient enrollment.
However, enrollment of patients in Study 105 remains dependent upon the
Company's ability to secure adequate near-term funding for the study and
related operating expenses, of which no assurance can be given. In
addition, the completion of Study 105 will be dependent upon the
Company’s ability to secure adequate longer-term funding or a
collaboration agreement with a strategic partner, of which no assurance
can be given.
About OxyADF Tablets
OxyADF (oxycodone HCl/niacin) Tablets, the
Company’s lead product candidate with Aversion® (abuse deterrent)
Technology, are orally administered immediate release tablets containing
oxycodone HCl as an active analgesic ingredient, a sub therapeutic
amount of niacin and several functional inactive ingredients. The
Company intends to file a 505(b)(2) NDA for OxyADF Tablets with an
anticipated indication for treating moderate to moderately severe pain.
OxyADF Tablets are intended to effectively treat moderate to moderately
severe pain while also discouraging the three most common methods of
misuse and abuse including (i) intravenous injection of dissolved
tablets, (ii) nasal snorting of crushed tablets and (iii) intentional
swallowing of excessive numbers of tablets. The Company anticipates
that OxyADF Tablets will be scheduled as a C-II product by the U.S. Drug
Enforcement Administration (DEA).
OxyADF Tablet Commercial Manufacturing
Site Qualification Plan
In addition to agreement for the SPA, the
Company has also received written FDA guidance confirming agreement in
all material respects with the Company's proposed commercial
manufacturing site qualification plan. The Company is currently in
discussions with prospective commercial product suppliers and intends to
include relevant data from the selected supplier's commercial
manufacturing site in the NDA submission for OxyADF Tablets. OxyADF
Tablets utilize a dry blend, direct compression manufacturing process.
This process requires commonly utilized blending and tablet compression
equipment and, compared to other tablet product formulations, is simple
and economical.
About the OxyADF Tablet Market
Opportunity
Based on market research data purchased by
the Company from IMS Health, for the 12 months ended September 30, 2006,
approximately 227 million total prescriptions (brands and generics
combined) were dispensed in the U.S. for immediate release and extended
release tablet and capsule forms of opioid analgesics. Of these
dispensed prescriptions, approximately 13 million were for extended
release products (usually administered every 8 to 24 hours) and 214
million were for immediate release products (usually administered every
4 to 6 hours). Extended release products are more commonly prescribed
for relief of pain for durations ranging from a few weeks to several
months or longer. Immediate release products are more commonly
prescribed for relief of pain for durations of generally less than 30
days. According to data published in The National Survey on Drug Use
and Health Report, Issue 22, 2006, immediate release opioid
containing pain relievers are used non-medically (including through
misuse and abuse) approximately ten-fold more often than extended
release products. The Company’s primary market research (the Company
Market Research) involving more than 1,000 physicians routinely
prescribing opioids, suggests that OxyADF Tablets will be considered by
these physicians for use in both the immediate release and extended
release market segments. In addition, the Company Market Research
indicates that physicians will switch a certain percentage of their
prescriptions to OxyADF Tablets from other C-II oxycodone HCl containing
products and also from C-III products like hydrocodone with
acetaminophen, although there can be no assurance that this will be the
case.
Cash
Reserves
The Company estimates that its current cash
reserves will fund operations, excluding any outlays for Study 105,
through mid July 2007. To continue operating thereafter and to initiate
patient enrollment in Study 105, the Company must raise additional
financing or enter into appropriate collaboration agreements with third
parties providing for cash payments to the Company. No assurance can be
given that the Company will be successful in obtaining any such
financing or in securing collaborative agreements with third parties on
acceptable terms, if at all, or if secured, that such financing or
collaborative agreements will provide for payments to the Company
sufficient to continue funding operations. In the absence of such
financing or third-party collaborative agreements, the Company will be
required to scale back or terminate operations and/or seek protection
under applicable bankruptcy laws.
About Acura Pharmaceuticals, Inc.
Acura Pharmaceuticals, Inc. is a specialty
pharmaceutical company engaged in research, development and manufacture
of innovative Aversion® (abuse deterrent) Technology and related product
candidates.
Forward Looking Statements
This press release contains "forward-looking statements" as defined in
the Private Securities Litigation Reform Act of 1995. These statements
are based on current expectations of future events. If underlying
assumptions prove inaccurate or unknown risks or uncertainties
materialize, actual results could vary materially from the Company’s
expectations and projections. The most significant of such risks and
uncertainties include, but are not limited to, the Company’s ability to
secure additional financing to fund continued operations, the Company’s
ability to enter into contractual arrangements with qualified
pharmaceutical partners to license, develop and commercialize the
Company’s technology and product candidates, the Company’s ability to
avoid infringement of patents, trademarks and other proprietary rights
or trade secrets of third parties, and the Company’s ability to fulfill
the FDA’s requirements for approving the Company’s product candidates
for commercial distribution in the United States, including, without
limitation, the adequacy of the results of the clinical studies
completed to date and the results of other clinical studies, to support
FDA approval of the Company’s product candidates, the adequacy of the
development program for the Company’s product candidates, changes in
regulatory requirements, adverse safety findings relating to the
Company’s product candidates, the risk that the FDA may not agree with
the Company’s analysis of its clinical studies and may evaluate the
results of these studies by different methods or conclude that the
results of the studies are not statistically significant, clinically
meaningful or that there were human errors in the conduct of the studies
or otherwise, the risk that further studies of the Company’s product
candidates are not positive, and the uncertainties inherent in
scientific research, drug development, clinical trials and the
regulatory approval process. You are encouraged to review other
important risk factors relating to the Company on our web site at
www.acurapharm.com under
the link, “Company Risk Factors” and detailed in Company filings with
the Securities and Exchange Commission. The Company is at development
stage and may never have any products or technologies that generate
revenue. Acura Pharmaceuticals, Inc. assumes no obligation to update
any forward-looking statements as a result of new information or future
events or developments.

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