GlobeNewswire Inc | Sep 30, 2021 12:08PM EDT

September 30, 2021

CORAL GABLES, Fla., Sept. 30, 2021 (GLOBE NEWSWIRE) -- Catalyst Pharmaceuticals, Inc. (Catalyst) (Nasdaq: CPRX), a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing, and commercializing novel high-quality medicines for patients living with rare diseases, today reported that it has received a positive decision from the 11th Circuit Court of Appeals in its appeal to overturn a District Court decision upholding the U.S. Food and Drug Administrations (FDA) approval of another amifampridine product, Ruzurgi, for pediatric patients with Lambert-Eaton myasthenic syndrome (LEMS) despite existing Orphan Drug exclusivity for Catalysts Firdapse (amifampridine) Tablets 10 mg.

With this ruling, the 11th Circuit Court panel has reversed the District Courts decision and remanded the matter to the District Court with instructions to enter summary judgment for Catalyst. The Court's decision adopted Catalysts core argument that the FDAs approval of Ruzurgi violated Catalyst's rights to Orphan Drug Exclusivity.

We are extremely pleased with the 11th Circuit Courts decision and are hopeful that it brings to a close this case that is not just important for Catalyst, but for all patients living with rare diseases who depend on medicines that would not be available if not for the efforts and investment of pharmaceutical companies willing to pursue these indications, said Patrick J. McEnany, Catalysts Chairman and CEO. "The purpose of the Orphan Drug Act is to encourage pharmaceutical companies to make the R&D investments necessary to bring FDA-approved therapies to patient populations living with very rare diseases, and the biggest incentive the Orphan Drug Act provides is the ability to have an exclusive market within that rare disease for their drug for seven years once they obtain approval. The Orphan Drug Act has proven successful for the more than 350 rare diseases that now have an FDA-approved treatment, but there still remains about 6,500 rare diseases that do not have an approved therapy and the incentives to develop drugs to treat these rare diseases need to remain intact. This decision increases the hope for the patients living with these diseases that one day soon an approved drug for their rare disease might be a reality. This is a goal that we feel we share with the FDA despite this dispute, and we look forward to working with the FDA in the future on these issues."

Mr. McEnany continued: "Now that the Circuit Court has ruled, we are aware that this will create questions and concerns among patients currently on Ruzurgi as well as the physicians treating them. Our priority has always been, and will continue to be, to treat patients needs first, and so we are prepared to address their questions and do everything we can to ensure that ALL patients will have uninterrupted access to amifampridine for treating their LEMS condition. Our patient-focused Catalyst Pathways team stands ready to provide information to patients currently being treated with Ruzurgi on how best to transition to Firdapse. Please find below information on how to reach a Catalyst Pathways team member to assist you with this transition.

Transitioning to Firdapse Information for Prescribers and Patients Available at 1-833-422-8259 and www.yourcatalystpathways.com

Catalyst Pathways, as Catalysts patient services program, is only open for adults LEMS patients to enroll, but its staff is available to answer questions from the parents of pediatric LEMS patients and the physicians treating them on available access for pediatric LEMS patients to obtain Firdapse. These include:

-- Catalysts Expanded Access Program which can provide investigational product to pediatric LEMS patients. -- Catalyst will provide support if a prescriber wishes to file an investigator initiated Investigational New Drug Application (IND) with the FDA, including Catalyst providing investigational product once the physicians IND is active. -- In addition, Catalyst will approach FDA to discuss expanding the Firdapse approval to include pediatric LEMS, though any effort to do so will take time and is not guaranteed.

For the larger number of adult LEMS patients who have been receiving Ruzurgi off-label, prescribers should call 1-833-422-8259 in order to obtain information on transitioning those patients to Firdapse and the steps to enroll them in Catalyst Pathways.

About Catalyst Pharmaceuticals

Catalyst Pharmaceuticals is a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing and commercializing novel high-quality medicines for patients living with rare diseases. With exceptional patient focus, Catalyst is committed to developing a robust pipeline of cutting-edge, first- or best-in-class medicines for other rare diseases. Catalyst's New Drug Application for Firdapse (amifampridine) Tablets 10 mg for the treatment of adults with LEMS was approved in 2018 by the U.S. Food & Drug Administration ("FDA"), and Firdapse is commercially available in the United States as a treatment for adults with LEMS. Further, in July 2020 Canadas national healthcare regulatory agency, Health Canada, approved the use of Firdapsefor the treatment of adult patients in Canada with LEMS.

Firdapse is currently being evaluated in clinical trials for the treatment of MuSK-MG and has received Orphan Drug Designation from the FDA for myasthenia gravis.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Catalyst's actual results in future periods to differ materially from forecasted results. A number of factors, including (i) the extent to which this decision will affect the use of Firdapse by LEMS patients, (ii) whether the FDA and/or Jacobus exercises their opportunities to appeal this decision, and (iii) those factors described in Catalyst's Annual Report on Form 10-K for the fiscal year 2020 and Catalyst's other filings with theU.S. Securities and Exchange Commission(SEC), could adversely affect Catalyst. Copies of Catalyst's filings with theSECare available from theSEC, may be found on Catalyst's website, or may be obtained upon request from Catalyst. Catalyst does not undertake any obligation to update the information contained herein, which speaks only as of this date.

Media ContactDavid SchullRusso Partners(212) 845-4271david.schull@russopartnersllc.com

Company ContactPatrick J. McEnanyCatalyst PharmaceuticalsChief Executive Officer(305) 420-3200pmcenany@catalystpharma.com