Furiex Pharmaceuticals to Receive Milestone Payment for Priligy® Launch in France

  Furiex Pharmaceuticals to Receive Milestone Payment for Priligy® Launch in

Business Wire

MORRISVILLE, N.C. -- April 04, 2013

Furiex Pharmaceuticals, Inc. (NASDAQ: FURX), a drug development collaboration
company, today announced it will receive a $5.0 million milestone payment from
the Menarini Group for the launch of Priligy in France. Currently, Priligy is
marketed for on-demand treatment of premature ejaculation in 16 countries in
Europe, Asia and Latin America, and is approved for that indication in 56
countries worldwide.

In May 2012, Furiex entered into a license agreement with Menarini to
commercialize Priligy in Europe, most of Asia, Africa, Latin America and the
Middle East. Under the terms of the License Agreement, Furiex is eligible to
receive an additional $5.0 million launch milestone and up to $40.0 million in
sales-based milestones, plus tiered royalties ranging from the mid-teens to
mid-twenties in percentage terms.

"This launch will make Priligy, the only approved medication for premature
ejaculation, available to a wider market in the EU,” said June Almenoff, M.D.,
Ph.D., president and chief medical officer of Furiex. "We look forward to
additional worldwide Priligy launches as Menarini continues to build this

About Premature Ejaculation

Premature ejaculation (PE) is a distressing sexual dysfunction that can be
present from the first sexual encounter or can develop later in life. It is
the most common male sexual dysfunction, affecting about 30 percent of the
male adult population at some point during their lives. The condition consists
of three major components: a short time to ejaculation, lack of ejaculatory
control and negative personal impact, including distress related to rapid
ejaculation. A combination of physiological and psychological factors is
believed to influence the mechanism of ejaculation. Research suggests
serotonin plays a central role in the timing of ejaculation.

About Priligy

Priligy (dapoxetine) is the first oral medication approved for "on-demand"
treatment of PE. It is a unique, short-acting, selective serotonin reuptake
inhibitor designed to be taken only when needed - one to three hours before
sexual intercourse is anticipated - rather than every day. Priligy was
evaluated in five randomized, placebo-controlled Phase III clinical trials
involving more than 6,000 men with PE and their partners. This is the largest
and most comprehensive clinical trial program to date for a drug therapy to
treat PE. Priligy is approved for on-demand treatment of PE in 56 countries.

About Furiex

Furiex Pharmaceuticals is a drug development collaboration company that uses
innovative clinical development design to accelerate and increase value of
drug development programs by advancing them through the drug discovery and
development process in a cost-efficient manner. Our drug development programs
are designed and driven by a core team with extensive drug development
experience. The company collaborates with pharmaceutical and biotechnology
companies and has a diversified product portfolio and pipeline with multiple
therapeutic candidates, including one Phase III-ready asset, two compounds in
Phase III development, one of which is with a partner, three products on the
market and a fourth approved in the United States but not yet launched. The
company's mission is to develop innovative medicines faster and at a lower
cost, thereby improving profitability and accelerating time to market while
providing life-improving therapies for patients. For more information, visit

About Menarini

Menarini is an international pharmaceutical company with over 16,000 employees
worldwide and a presence in more than 100 countries in Europe, Asia, Latin
America, Africa and the Middle East. The company was established 125 years ago
and currently markets products in the cardiovascular, gastroenterology,
metabolic, infectious disease and anti-inflammatory/analgesic therapeutic
areas. With a three billion Euro turnover the Menarini Group is one of the
world's largest private pharmaceutical companies. For further details, visit

Except for historical information, all of the statements, expectations and
assumptions contained in this news release are forward-looking statements that
involve a number of risks and uncertainties. Although Furiex attempts to be
accurate in making these forward-looking statements, it is possible that
future circumstances might differ from the assumptions on which such
statements are based. In addition, other important factors which could cause
actual results to differ materially include the following: inability of
Menarini to effectively market Priligy; the demand for Priligy; changes in the
safety profile of Priligy during its post-marketed use in patients; potential
changes by the European Medical Agency to its regulatory guidance; risks,
costs and time required to gain regulatory approvals; our continuing losses
and potential need for additional capital; and the other risk factors set
forth from time to time in the SEC filings for Furiex, copies of which can be
found on our website.


Furiex Pharmaceuticals, Inc.
Sailash Patel, 919-456-7814
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