Apricus Biosciences Provides First Quarter 2013 Corporate Update

SAN DIEGO, May 10, 2013 (GLOBE NEWSWIRE) -- Apricus Biosciences, Inc. ("Apricus Bio" or the "Company") (APRI) (http://www.apricusbio.com), today provided an update regarding ongoing corporate activities and announced that it expects to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2013 with the Securities and Exchange Commission on Friday, May 10, 2013. As previously announced, the Company will host its first quarter 2013 financial results conference call today, May 10, 2013 at 9:00 a.m. ET.

"Apricus Bio began 2013 with a newly focused corporate strategy aimed at the commercialization, through partnerships, of its lead product Vitaros(R) for erectile dysfunction ("ED") and the development of its lead product candidate Femprox(R) for female sexual arousal disorder ("FSAD")," said Richard Pascoe, Chief Executive Officer of Apricus Bio. "Since the beginning of the year, we have made important progress in support of that goal, including the successful divestiture of multiple non-core assets, streamlining of our operations to better align them with our objectives, and advancement of our regulatory and commercial strategy for Vitaros(R) and Femprox(R). We continue to believe that the greatest opportunity for shareholder value creation remains in the global development and commercialization, through strategic partnerships, of these lead assets."

Recent Corporate Developments

Conference Call Information

The call can be accessed in the U.S. by dialing 877-407-9210 and outside of the U.S. by dialing 201-689-8049 and asking the conference operator for the Apricus Bio Conference Call. The conference call will also be webcast live at http://www.investorcalendar.com/IC/CEPage.asp?ID=17095. The teleconference replay will be available for one week by dialing in the U.S. 877-660-6853 and outside of the U.S. by dialing 201-612-7415. Replay Passcode 413843 is required for playback. The webcast replay will be available for three months.

About Vitaros(R)

Vitaros(R), Apricus Bio's lead product candidate for the treatment of ED, is a topically-applied cream formulation of alprostadil, a vasodilator, which directly increases blood flow to the penis, causing an erection. Alprostadil is a widely accepted alternative to the PDE5 inhibitors for difficult to treat patients, and Vitaros(R) is relatively safe and effective, and offers greater market opportunity due to its patient-friendly form versus both other alprostadil dosage forms and also relative to oral ED products. With a market affecting nearly 150 million men worldwide and representing approximately $2.6 billion in revenue -- excluding the U.S. -- Vitaros(R) represents a major market opportunity, particularly as a distinct product that addresses a significant underserved population.

About Femprox(R)

Femprox(R) is a product candidate for the treatment of female sexual arousal disorder (FSAD). Seven clinical studies have been successfully completed to date, including one, 98-subject Phase 2 study in the US and a nearly 400-subject Phase 3 study in China. To date, no product has been approved in the U.S. to treat FSAD, a persistent or recurring inability to attain or maintain adequate sexual excitement, causing personal distress. Estimates of the FSAD market size put it on par with erectile dysfunction in males, and possibly larger.

About Apricus Biosciences, Inc.

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Apricus Biosciences Provides First Quarter 2013 Corporate Update