SK Biopharmaceuticals, a South Korean pharmaceutical company, announced 
      today that it was granted special status by the U.S. Food and Drug 
      Administration (FDA) for carisbamate for the management of patients with 
      infantile spasms (IS), a form of epilepsy associated with increased risk 
      of death or mental retardation.
    
Dr. Christopher Gallen, CEO of SK Biopharmaceuticals, said, "Carisbamate 
      is an important new anti-seizure therapy. Experimental evidence 
      demonstrates its utility in a model of IS. The designation of 
      carisbamate as an Orphan Drug by the FDA facilitates our progression of 
      this vital medication to yet another area of great unmet medical need."
    
    
      The FDA grants Orphan Drug designation to products that are intended to 
      treat rare or orphan diseases or conditions such as infantile spasms. 
      For IS patients, as with patients fighting other rare diseases, new 
      treatments are few and far between, making this designation by the FDA 
      of significant importance.
    
    
      "IS, or West Syndrome, is a devastating and difficult to treat form of 
      childhood epilepsy that often leads to some form of mental retardation 
      and other behavioral problems over time," said Dr. Jeongwoo Cho, Vice 
      President of SK Biopharmaceuticals' Drug Development Business. 
      "Carisbamate is being developed to provide physicians with an additional 
      treatment option for patients with IS for whom there are very few safe 
      and effective treatments."
    
    
      Carisbamate has been designated as an orphan drug by the FDA under the 
      auspices of the Orphan Drug Act. The Act, which will mark its 30th 
      anniversary on January 4, 2013, provides incentives to sponsors that 
      develop therapies intended to treat orphan conditions, which are 
      classified as any condition or disease that affects less than 200,000 
      patients per year in the U.S. It is estimated that there are more than 
      6,000 rare diseases affecting 25 million Americans. 
    
      Carisbamate has previously been shown to have efficacy in clinical 
      trials for adult forms of epilepsy, such as partial onset seizures.