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About Cipher Pharmaceuticals Inc.

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http://www.stockhouse.com/companies/bullboards/t.dnd/cipher-pharmaceuticals-inc.

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http://micro.newswire.ca/55305-0.html

Cipher Pharmaceuticals (TSX: DND) (OTC: CPHMF) is a growing specialty pharmaceutical company that commercializes novel formulations of successful, currently marketed molecules. Cipher's strategy is to in-license clearly differentiated products, advance them through the clinical development and regulatory approval stages, and out-license to international marketing partners. For more information, please visit www.cipherpharma.com.

Cipher's first product is a fenofibrate formulation marketed in the United States as Lipofen®. Cipher's second product, an extended-release tramadol, is marketed in the United States as ConZip® and in Canada as Durela®. Cipher's third product, a novel formulation of the acne treatment isotretinoin, was approved by the FDA in May and was launched in the United States in Q4 2012 as Absorica™. The product was also recently approved by Health Canada and Cipher expects to launch it as Epuris™ in Canada in early Q3 2013.

Mississauga-based Cipher Pharmaceuticals is a spinoff of CML Healthcare, a more than three-decades old medical imaging company that shed its drug development division, which was burning cash, when it decided to convert to an income trust. The resulting spinoff, Cipher, transitioned from being defined by its relative risk to being notable for its comparative safety. Unlike many of its newfound peers, Cipher has carved out a sweet spot in the middle of the drug development process, identifying late stage product candidates with near term market potential.

Last year was a good one for Cipher Pharma, especially after May when the company announced it had received FDA approval for acne treatment Absorica. Absorica was the third Cipher product to receive regulatory approval. Since 2007, the company has derived most of its revenue from cholesterol treatment drug Lipofen, and in Q3 of last year it began to market ConZip, a Tramadol treatment for moderate to moderately severe chronic pain.

Cipher management, however, believes Absorica could be the first Cipher product to be truly differentiated from its competition.

While Lipofen and Conzip have found niche markets, the products were not first to market and competed in relatively crowded spaces. Loe points out that in the first two months alone, Absorica achieved 3.6% prescription market share against lower-priced generic alternatives.
Absorica is a trademark of Ranbaxy Laboratories Limited

Lidose is a registered trademark of SMB Laboratories.

Accutane is a registered trademark of Hoffman-La Roche

CONTACTS:
Charles M. Caprariello
Robert Ferris

Vice President, Corporate Communications
RF Binder Partners Inc.

Ranbaxy Inc.
[phone]
[phone]

http://www.cipherpharma.com/files/DND%20-%20Q4%202012%20Report_v001_s9py6c.pdf