Shares of Pain Therapeutics Inc. plunged 21 percent Thursday after the San Mateo, Calif.-based firm said it received a complete response letter from the FDA for Remoxy, a controlled-release formulation of oxycodone. (BioWorld Today)
Shares of Targanta Therapeutics Corp. plummeted 40 percent Tuesday after the Cambridge, Mass.-based firm said it received a complete response letter from the FDA asking for another study of oritavancin, an investigational antibiotic being developed for the treatment of complicated skin and skin structure infections (cSSSIs). (BioWorld Today)
Results of a Phase III study showed that Human Genome Sciences Inc.'s Albuferon (albinterferon alfa-2b) in combination with ribavirin was noninferior to Roche AG's Pegasys (peginterferon alfa-2a) - the standard of care - in treating patients with genotypes 2 and 3 chronic hepatitis C virus (HCV), with half as many injections. (BioWorld Today)