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Looks like Neurocrine will continue with its development of Indiplon based on recent news.
Neurocrine Reports Results of FDA End-of-Review Meeting on Indiplon Capsules NDA
Seems the FDA wasn’t happy with the pharmacokintetic/food effect profile provided in the application. The FDA it seems would like to see additional meal profiles to see what effect various meals may have on the distribution of Indiplon in the body. The press release states that Neuocrine will have a meeting with the FDA in October of this year for further clarification. If indeed this is the only sticking point, then it should be relatively easy for Neurocrine to perform additional studies to resolve this issue.
It would be interesting to know what the nature of the problem was. My guess (and it is only a guess) is that Neurocrine may have looked at food consumed hours before taking the drug and not at taking the drug in conjunction with food just before going to bed. Also, some people with insomnia tend to eat fairly large meals right before attempting to go to sleep and this may contribute to problems with the drug’s half-life. Remember, one of the claims for Indiplon is that it lasts longer than others on the market and this may also be why the larger dose was not approvable whereas the lower dose levels were approval (if further work was done).
Technorati Tags: Indiplon, Neurocrine, sleeping pill
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M&A activity seems to be picking up recently. Seems AnorMED does not want to be acquired by Genzyme.
I think this sets the stage for a hostile takeover. It rally depends on how much Genzyme wants to spend to acquire AnorMED. Agai, I think Genzyme will up its offer and that AnorMED will accept it.
Here is AnorMED’s pdf on rejecting the offer.
Technorati Tags: Anormed, Genzyme, pharma M&A, pharmaceutical deals
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Seems Barr Labs isn’t the only one interested in the Croatian company Pliva.
Actavis sets Barr higher in bidding war for Pliva:
I posted earlier about Barr Labs wanting to buy Pliva and now it seems there may be a bidding war betwen Barr and Actavis. Barr originally said they would pay $2.3 billion cash and then Actavis offered $2.5 billion. Barr has stated they will respond by Sept 8 (Friday of this week).
It should be noted that Actavis already owns about 20% of Pliva and both companies seem to really want Pliva but for different reasons. Although not know in the US, Pliva is one of the largest drug makers in eastern Europe (both generic and ethical pharmaceuticals) and sells in about 30 countries.
Actavis has already been on a buying binge with eight acquisitions in the last year. Im not looking for anything to settle on this until years end at the earliest and will likely drag on into 2007.
Technorati Tags: Barr Labs, pharma M&A, pharmaceutical deals, Pliva, Actavis
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