Eurand Announces NDA Filing by GSK for Co-development Product

PHILADELPHIA, Dec. 18, 2007 (PRIME NEWSWIRE) -- Eurand N.V. (Nasdaq:EURX), a specialty pharmaceutical company that develops enhanced pharmaceutical and biopharmaceutical products based on its proprietary drug formulation technologies, announced today that GlaxoSmithKline ("GSK") has filed a New Drug Application (NDA) with the Food and Drug Administration (FDA) for an orally disintegrating tablet formulation of a product co-developed with Eurand using the Company's Microcaps(r) taste-masking and AdvaTab(r) technologies.

GSK successfully completed a bioequivalence study of the formulation in August 2007 and if approved, expects to launch the product in late 2008 in the US. Eurand is entitled to a milestone payment from GSK upon FDA acceptance for review of the NDA.
Gearoid Faherty, Chief Executive Officer of Eurand, commented, "We are pleased that GSK continues to steadily progress this product towards commercialization and look forward to the anticipated launch in 2008."
About Eurand
Eurand is a specialty pharmaceutical company that develops enhanced pharmaceutical and biopharmaceutical products based on its proprietary drug formulation technologies. Eurand has had four products approved by the FDA since 2001 and has a pipeline of product candidates in development for itself and its collaboration partners. Eurand has completed two phase III clinical trials on its lead product candidate, Zentase, for the treatment of Exocrine Pancreatic Insufficiency and filed a rolling NDA for this product which the company anticipates to complete by the end of 2007. Eurand's technology platforms include bioavailability enhancement of poorly soluble drugs, customized release, taste-masking/fast-dissolving formulations and drug conjugation.
Eurand is a global company with facilities in the USA and Europe. For more information, visit Eurand's website at www.eurand.com.
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