Showing posts with label Approval. Show all posts
Showing posts with label Approval. Show all posts

#Natco Pharma seeks #USFDA Approval for #Hepatitis Drug

Drug firm Natco Pharma said it has filed an abbreviated new drug application (ANDA) for Sofosbuvir Tablets, 400mg, with the United States Food and Drug Administration (USFDA).

Sofosbuvir is used for chronic hepatitis C infection and sold globally by Gilead Sciences, Inc, under its brand Sovaldi, Natco Pharma said in a filing to BSE.

The company believes that “they are the first to have filed a substantially complete ANDA containing a Paragraph IV certification for this product and expects to be eligible for 180 days of marketing exclusivity upon receiving final FDA approval,” it added.

For the 12 months ending December 31, 2017, Sovaldi had US sales of approximately USD 130 million as per Gilead Sciences Inc’s unaudited results released for the year ending December 31, 2017, Natco Pharma said.

Bafna Pharma receives Ghana FDA approval for diabetic drug metformin





Mylan: generic blood pressure drugs approved

Mylan Inc. said Friday it received approval to start selling generic versions of Merck and Co.'s blood pressure drugs Cozaar and Hyzaar.

The drugmaker from Canonsburg, Pa., has now received marketing approval for several doses of the drugs, but it was not able to sell them until this month. Its competitor Teva Pharmaceutical Industries Ltd. was the first company to file for approval of generic versions of the drug, so other versions were barred from the market for six months. Teva received FDA clearance in April.

The newly approved versions of the drug are ready for shipping immediately, Mylan said.

Combined, Cozaar and Hyzaar were Merck's second best selling product. Mylan said U.S. sales of Cozaar totaled $940 million over the 12 months ended June 30, while Hyzaar sales totaled $570 million. Merck's sales fell by almost half after Teva started selling its generics.

Mylan shares rose 2 cents to $18.96 in morning trading Friday.

WHO applauds Varichem Pharmaceuticals

Varichem Pharmaceuticals in Harare has become the third company in sub-Saharan Africa to achieve World Health Organisation (WHO) prequalification for a medicines product. (Pictured: Varichem pharmaceutical production plant)

Additional products submitted by companies in Kenya and Tanzania, and Varichem in Zimbabwe, are currently being evaluated by PQP. WHO said this was a first for Zimbabwe. PQP regularly organises training and technical assistance relating to medicines quality, safety and efficacy in Africa. This most recent prequalification indicates that they are effective.

The vision for the WHO programme is to provide good quality medicines for everyone. The mission of the Prequalification Programme is to make quality priority medicines available for the benefit of those in need in close cooperation with national regulatory agencies and partner organisations. This is achieved through its evaluation and inspection activities, and by building national capacity for sustainable manufacturing and monitoring of quality medicines.

It among others comprehensively evaluate the quality, safety and efficacy of medicinal products, based on information submitted by the manufacturers, and inspection of the corresponding manufacturing and clinical sites.

Key output

The list of prequalified medicinal products used for HIV/AIDS, malaria, tuberculosis and for reproductive health produced by the programme is used principally by United Nations agencies including UNAIDS and UNICEF to guide their procurement decisions. But, the list has become a vital tool for any agency or organisation involved in bulk purchasing of medicines, be this at country level, or at international level, as demonstrated by the Global Fund to Fight AIDS, Tuberculosis and Malaria.

Varichem was considered among other companies in Netherlands and India.

“It is Varichem’s culture to pioneer new products into the market. We are the first African Pharmaceutical company to manufacture ARVs,” said the company on its website. “We are also in the process of getting our plant and products World Health Organisation (WHO) prequalified as we endeavour to consolidate our plant and product quality position in order to access the Global Funds market.”

Varichem Pharmaceuticals is a wholly Zimbabwean, privately owned company established in 1985. Varichem manufactures and markets a wide range of quality generic pharmaceuticals and related products. Varichem was born in 1985 out of the awareness of the acute, sometimes critical, need for reliable cost effective health care products often seriously lacking in the delivery of medical care in Zimbabwe, a country which had been dominated by the heavy weight pharmaceutical multinationals. The entrance of Varichem into the health care business signaled a new era in the whole pharmaceutical market by changing the rules of the game.

Besides fulfilling local demand, it has established very good business relationships with regional buyers. Now we are exporting our generic pharmaceuticals to Malawi, Botswana, South Africa, Namibia, Lesotho and Swaziland. From a humble export figure, our exports have increased many folds over the past five years and this indicates growing confidence of our regional customers on our products.

Sun gets USFDA nod for generic heart disease drug

Drug maker Sun Pharma today said it has received a tentative approval from US health regulator to sell a generic version of Crestor tablets, used in the treatment of various heart diseases, in the American market.

The company's US subsidiary has bagged a tentative approval for its abbreviated new drug application (ANDA) to market a generic version of IPR Pharmaceutical's Crestor tablets in strengths of 5 mg, 10 mg, 20 mg and 40 mg, Sun Pharma said in a statement.

Crestor has annual sales of nearly $3.4 billion in the US market. The generic Rosuvastatin tablets contain Rosuvastatin Calcium in strengths of 5 mg, 10 mg, 20 mg and 40 mg, it said.

The tablets are indicated in patients suffering with heart diseases like pertriglyceridemia and patients with homozygous familial hypercholesterolemia.

Shares of Sun Pharmaceutical Industries today closed at Rs 2,002.15 on the Bombay Stock Exchange, up 1.71 per cent from its previous close.

K-V Pharmaceutical Enters Loan Agreement In Wake Of FDA Approval

K-V Pharmaceutical Co. (KVA, KVB) has reached a $20 million loan agreement in the wake of a recent U.S. Food and Drug Administration approval as the struggling specialty-drug company seeks to recover from regulatory and compliance issues.

Class A shares were up 3.5% at $2.47 in recent trading. The stock has dropped 33% this year.

K-V had stopped manufacturing and shipping all of its products in early 2009 and recalled most already on the market as it dealt with an FDA investigation into compliance matters and management misconduct, among other issues.

But the company said last week it received FDA permission to return potassium supplement Micro-K to market following successful inspection of its facilities. It hadn't expected to be able to ship any product before the fourth quarter.

The loan agreement, which expires Jan. 31, 2011, calls for a 16.5% annual interest rate. K-V also has agreed to an exclusive two-week negotiating period with the lender over an expanded, longer-term financing pact. The party was identified in a Tuesday statement from K-V as U.S. Healthcare I LLC and U.S. Healthcare II LLC.


Read more: http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201009141014dowjonesdjonline000198&title=k-v-pharmaceutical-enters-loan-agreement-in-wake-of-fda-approval#ixzz0zZtJXlXn

Troikaa Pharma gets patent approval for Dynapar AQ in CIS

Ahmedabad, India -based mid-sized pharmaceutical firm, Troikaa Pharmaceuticals Ltd has been granted the patent for ‘Dynapar AQ’, a diclofenac or painkiller injection, for the CIS block earlier this week.

Commonwealth of Independent States or CIS countries include Ukraine, Kazakhastan, Belarus, Uzbekistan, Turkmenistan, Kyrgystan, Russia among others.

“The CIS block is a significant market for us and we expect huge demand for Dynapar AQ in these countries,” said Ketan Patel, managing director, Troikaa Pharma, adding that he is eying a 25 per cent market share in all the new markets that it enters with this product.

Troikaa was granted patent for Dynapar AQ in Australia last year, which was the first one among regulated markets, and subsequently it had also entered the African countries. “We are also expecting patent approvals in the United States, EU and Canada within the next few weeks. The company has spent about Rs 3 crore on this endeavour but will reap manifold dividends in return.”

Diclofenac injections are used for management of painful inflammatory conditions. Dynapar AQ is a unique high concentration, low viscosity injection of diclofenac sodium delivering the full therapeutic dose of diclofenac in just one millilitre injection volume. It is the only diclofenac injection available in PFS (pre-filled syringe) form.

Compared to conventional diclofenac injections, Dynapar AQ causes negligible pain and can be injected in the upper arm, unlike the conventional one injected in the buttocks. Dynapar AQ Injection is ranked second in the highly competitive diclofenac injections category on ORG-IMS and slated to become the top brand by mid-2010.

The company holds patented technology platforms for various Novel Drug Delivery Systems, Intra-oral, Oral, Parenteral, Sustain Release & Topical for diclofenac. The company sought global protection for its product by filing a Patent Cooperation Treaty(PCT) application with the World Intellectual Property Organisation (WTPO). Subsequently, the company filed for global patents in 99 countries, which included regulated as well as non-regulated countries.

“Leaving the US and the EU apart, in all the other countries the landed cost of diclofenac injections is around three to five cents while it sells at around $2 for a single dose. We can easily garner a huge market share by positioning our product in a lower price bracket,” said an upbeat Patel. It enjoys a 40 per cent market share in Diclofenac injections in India and hopes to take it up to 60 per cent within this fiscal.

There is huge opportunity in the US that currently uses Kitorolac in place of Diclofenac, Patel felt while adding that exact market size estimates were not available. The company’s exports have steadily risen from 18 per cent of its turnover in 2008-09 to around 25 per cent of turnover in 2009-10. It registered revenues over Rs 145 crore in 2009-10 and aims to record a 40 per cent growth in turnover in 2010-11.

It has manufacturing facilities located in Ahmedabad and Dehradun (Uttaranchal). The Ahmedabad facility located at Thol, an industrial area 25 kilometers from the city and manufactures critical care injectables, tablets and topical preparations.

Buoyed by the demand for its injectable Dynapar AQ, for which it has been granted patent in around 40 countries so far, the company now plans to shift part production of Dynapar AQ to its upcoming Sanand facility from Dehradun.

FDA approves 5-day 'morning-after' pill

Step aside, Plan B emergency contraception. There's a new girl in town. The U.S. Food and Drug Administration approved an emergency contraception pill, ella, on Friday. The pill works longer than the leading "morning-after" pill.

The HRA Pharma contraceptive can prevent pregnancy up to 120 hours, or five days, after unprotected intercourse or a known contraceptive failure. But the leading "morning-after" pill, Teva Pharmaceutical's Plan B, only can prevent pregnancy up to 72 hours, or three days, after unprotected sex.

"The current methods are not satisfying the current need," Erin Gainer, CEO of France-based HRA Pharma, told DOTmed News by phone. "The idea here is [ella] is another option, another tool, for women to use."

Unlike Plan B, ella has only been approved for prescription-only purchase. The company did not seek over-the-counter status for ella, because it's a new drug, and traditionally, new drugs are not available over the counter right away, Gainer explained. She said it's too early to say whether the company will seek over-the-counter status.

Plan B and other generic emergency contraceptives became available over-the-counter for girls and women ages 17 years and older last year.

In a head-to-head trial between ella and Plan B, women who took ella had a 1.8 percent chance of becoming pregnant, and women who took Plan B had a 2.6 percent chance, according to numbers from Lancet.

The pill works by delaying ovulation, not terminating a pregnancy, which some critics claim to be the case. The Family Research Council criticizes the FDA for calling the pill an emergency contraceptive, saying the label is deceiving.

"The FDA opted against including the critical fact that ella can cause an abortion on a baby already implanted in its mother's womb in the drug labeling information," said Jeanne Monahan, director of the Center for Human Dignity at the Family Research Council, in prepared remarks.

But that's not true, the drug's manufacturers said. In fact, clinical trials on pregnant animals showed "no indication of signs of malformation or anything like that," said Gainer.

There were several women in the clinical trial who did not know they were pregnant and tested ella. There were no signs of any problems, said Ganier.

FDA spokeswoman Elaine Gansz Bobo told DOTmed News there is "absolutely no reason to be concerned" if a woman takes ella and is unknowingly pregnant. She also pointed out that emergency contraception and abortion pills work completely differently, much of it based on the timing of when a woman takes either pill.

Watson Pharmaceuticals, based in New Jersey, will market the drug, expected to see shelves before the end of the year, said Ganier. The pill has been available to the European market since October 2009, called ellaOne.

Watson's Morning-After Pill Wins U.S. FDA Approval

Watson Pharmaceuticals Inc. and HRA Pharma won U.S. approval for an emergency contraceptive that women can take up to five days after sex and will compete with Teva Pharmaceutical Industries Ltd.’s Plan B morning-after pill.

Watson will start selling the pill, to be called Ella, in the final three months of this year, the Corona, California- based company said today in a statement. The drug will be dispensed as a single dose and requires a prescription. Teva’s Plan B, which works for as much as 72 hours after unprotected sex, is available without a prescription

Approval of Ella raises concerns about taxpayer funding of abortions since currently the U.S. government will pay for emergency contraception, but not abortion pills,” for women ages 17 and older.

Glenmark unit gets USFDA nod for clotrimazole cream

Glanmark Pharmaceuticals said on Thursday its unit has received U.S. FDA approval for clotrimazole cream.

Clotrimazole cream, used to in the treatment of candidiasis, had annual sales of $26 million in the U.S., it said in a statement.

Clotrimazole cream is equivalent to Taro Pharmaceutical Industries'TAROF.PK branded cream Clotrimazole, it added.

Teva Pharmaceutical receives European OK for Ratiopharm acquisition, expects to close deal

INDIANAPOLIS - Generic drugmaker Teva Pharmaceutical Industries Ltd. said Tuesday it received European Commission approval to proceed with its acquisition of German drugmaker Ratiopharm and expects to close the transaction soon.

The Israeli company said in March it agreed to buy the company for $5 billion in a deal intended to boost sales in Europe.

U.S.-traded shares of Teva fell 9 cents to $50.13 in Tuesday afternoon trading.

Wyeth sues FDA to block rival generic antibiotic

TRENTON, N.J. — Drugmaker Wyeth on Wednesday sued the Food and Drug Administration to block the sale of a generic rival to its intravenous antibiotic Zosyn, claiming the generic is not an equivalent product and could harm critically ill patients.

Madison, N.J.-based Wyeth filed a federal lawsuit against the FDA, seeking both a temporary restraining order and a preliminary injunction. The lawsuit seeks to prevent Orchid Chemicals & Pharmaceuticals Ltd. of Chennai, India, from selling a generic version of Zosyn that the FDA approved last week.

Wyeth's head of global medical affairs, Joe Camardo, said patient safety is at stake and that Orchid's product could lead to preventable medical errors.

"Over 2 million people get Zosyn in any given year," Camardo told The Associated Press in an interview.

Many are critically ill patients with very serious infections, he said. So hospital workers are rushing to set up an intravenous line to rapidly feed in both Zosyn and, often, a standard IV solution to boost blood volume and maintain blood pressure. The problem is that with an older formulation of Zosyn, which Wyeth claims is what Orchid will be selling, if the same IV line is used, Zosyn can mix with the intravenous solution and cause a chemical reaction that inactivates the antibiotic, limiting how much patients would get.

"They wouldn't get the full dose," Camardo said.

That could mean the patient doesn't get enough antibiotic to stop the infection.

In addition, having two different versions of the same antibiotic on the market could cause confusion when hospital workers are rushing to save very ill patients, Camardo said.

The lawsuit calls the FDA's approval of Orchid's products "unlawful" and "arbitrary, capricious, an abuse of discretion, and otherwise not in accordance with the law." The approval "permits the marketing of a generic drug product that cannot be safely used in the same manner as the branded product" and "seriously endangers patient health," the lawsuit states.

Wyeth discontinued the old version in October 2005, when the FDA approved a newer version that adds two ingredients to prevent the harmful chemical reaction.

Zosyn has been on the U.S. market since 1993. Wyeth reported that sales of Zosyn and Tazocin, as it's called in other countries, last year totaled $1.3 billion.

Camardo said that Wyeth several years ago filed what's called a "citizen's petition" with the FDA, a request asking the agency not to allow generic Zosyn because of the potential for problems. The citizen's petition laid out Wyeth's scientific arguments and contained similar statements of support from outside experts on medication errors and drug interactions and effects, he said.
But the FBI denied the citizen's petition last Tuesday and then approved Orchid's drug last Wednesday, Camardo said.

FDA spokesman Christopher Kelly said the agency was looking into the lawsuit and would provide comment later.

Officials at Orchid's U.S. subsidiary, Orgenus Pharma Inc., did not immediately respond to messages seeking comment.

The lawsuit was filed in U.S. District Court in Washington, D.C.

The 33-page suit names as defendants the FDA, the U.S. Department of Health and Human Services and its head, Secretary Kathleen Sebelius, and Dr. Margaret Hamburg, commissioner of the FDA.

The suit requests action by the court within 10 days because Orchid has said it plans to launch its products "immediately," Camardo said.

Orchid, in operation since 1994, makes a number of generic drugs, particularly antibiotics, as well as active ingredients for medicines, and also does research on experimental drugs. It is one of India's top 15 pharmaceutical companies.

The company has FDA approval to sell generic Zosyn, known chemically as piperacillin and tazobactam, in multiple dosages. Orchid noted that as the first applicant to the FDA, it will have a 180-day exclusive period to sell generic versions in the U.S. It plans to market the drugs in partnership with another generic drugmaker, Apotex Inc.

Wilmington Pharmaceuticals Receives FDA Approval for Orally Disintegrating Metoclopramide...

Wilmington Pharmaceuticals announced today the U.S. Food and Drug Administration (FDA) has granted marketing approval for METOZOLV((TM)) ODT (metoclopramide HCl), an orally disintegrating formulation of metoclopramide for the treatment of gastroesophageal reflux disease (GERD) and diabetic gastroparesis. Wilmington has licensed METOZOLV ODT to Salix Pharmaceuticals, Inc., a specialty pharmaceutical company with a focus on gastrointestinal disorders.

Wilmington Pharmaceuticals designed METOZOLV ODT to improve the delivery mode for patients who have difficulty swallowing pills or liquids due to their disease state. Orally disintegrating METOZOLV ODT tablets rapidly* melt on the tongue, thereby eliminating the need for swallowing pills with water, according to Eugene Haley, founder and CEO of Wilmington Pharmaceuticals.

"We are extremely pleased to have achieved a significant milestone, the approval of a patient-friendly formulation of an established drug that addresses the needs of patients who cannot swallow traditional tablets," Haley said. "As developers of rapid-dissolve formulations for proven drugs, we provide our industry partners with significant potential for commercial gain without typical risks, costs, and time commitments associated with new drug development."

Salix Pharmaceuticals will market METOZOLV ODT under a licensing agreement with Wilmington Pharmaceuticals. METOZOLV ODT is indicated for relieving symptoms in adults with acute and recurrent diabetic gastroparesis and for short-term therapy (4-12 weeks) in adults with symptomatic, documented GERD that fails to respond to conventional therapy.

"METOZOLV ODT offers a medically important option to physicians and patients," said Carolyn Logan, CEO of Salix Pharmaceuticals. "We are delighted to bring a patient-friendly formulation of this widely prescribed product to market." "Wilmington Pharmaceuticals has proven to be a very reliable and efficient partner in the development of this important new dosage form of
metoclopramide," Logan added.

METOZOLV ODT represents the first approved drug among an array of candidates that Wilmington Pharmaceuticals is reformulating with rapid-dissolve technology. The company identifies well-established drugs to combine with rapid-dissolve delivery technologies and then licenses the drugs to pharmaceutical partners. Wilmington's seasoned pharmaceutical executives lead an integrated network of industry experts who seamlessly execute the diverse strategies required to develop and commercialize each product.

"We take proven drugs and enhance their delivery to increase patient convenience and compliance," said David Burns, Wilmington's vice president of development and manufacturing. "We have assembled an extremely experienced and capable team that has facilitated our success in obtaining approval for METOZOLV ODT within an 18-month time frame, and the team is now developing additional products for approval."

Endo Pharmaceuticals Introduces VALSTAR(TM) (Valrubicin) To Fill Unmet Need In Aggressive...

CHADDS FORD, Pa., Endo Pharmaceuticals (Nasdaq: ENDP) today announced the availability of VALSTAR(TM) (valrubicin) for the treatment of a distinct form of bladder cancer. VALSTAR is the only FDA-approved intravesical therapy for patients with Bacille Calmette-Guerin (BCG)-refractory carcinoma in situ (CIS) of the urinary bladder for whom immediate removal of the bladder would be associated with unacceptable medical risks. VALSTAR represents a new treatment option for these patients who may otherwise have exhausted all other FDA-approved treatment alternatives, including BCG.

"Patients with recurrent carcinoma in situ bladder tumors who fail traditional therapy have been significantly underserved due to the lack of available approved treatment alternatives, and VALSTAR will provide a well-tolerated treatment option for these patients," said Dave Holveck, president and chief executive officer of Endo Pharmaceuticals. "Our launch of VALSTAR also represents our initial offering in a long-term plan by Endo to deliver multiple therapies to improve and extend the lives of patients with different types of bladder cancer, as evidenced by our recent agreement with Bioniche."

VALSTAR, a sterile solution for intravesical instillation of valrubicin, is placed directly into the bladder through a catheter and is administered once a week for six weeks under the supervision of a physician experienced in the use of intravesical cancer chemotherapeutic agents.

In the pivotal clinical trial, VALSTAR was shown to induce a complete response in about one in five patients at six months following initiation of therapy, and 29 percent of patients derived a clinical benefit from VALSTAR treatment. It is important to note that if after VALSTAR treatment a patient does not have a complete response of CIS after three months, or if CIS recurs, surgical bladder removal must be reconsidered.

VALSTAR was approved by the FDA for this indication in 1998 and marketed by Anthra Pharmaceuticals, Inc. In 2002, Anthra voluntarily withdrew VALSTAR from the U.S. market because of a formulation issue with an inactive component. Since market removal, VALSTAR has been on the FDA Drug Shortages List, which was established to address and alleviate shortages primarily of medically necessary drug products, since these can have significant public health consequences. On Feb. 27, 2009, Indevus Pharmaceuticals, Inc., the previous owner of VALSTAR, received FDA approval to re-introduce VALSTAR after modifying the formulation. On March 23, 2009, Endo acquired Indevus Pharmaceuticals and began preparing to re-launch VALSTAR. VALSTAR represents the first product launch by Endo Pharmaceuticals in the urology and oncology therapy markets.

"Patients who have failed multiple courses of BCG have few to no remaining treatment alternatives, in part because many patients cannot undergo surgical bladder removal due to comorbid medical conditions, and the procedure may be associated with significant risk of complications and alteration of lifestyle and body image," said Gary Steinberg, M.D., FACS, Professor and Vice Chairman of Urology, Director of Urologic Oncology at the University of Chicago Medical Center. "Although valrubicin was previously available, it has never been an option for the thousands of people suffering today from this disease, and this reintroduction may bring new hope to many patients."

Watson Pharmaceuticals Receives FDA Approval for Generic PLAN B(R) for Over-the-Counter Use

Watson Pharmaceuticals, Inc. (NYSE: WPI: 35.39, 0.34, 0.97%), a leading specialty pharmaceutical company, today announced that its subsidiary, Watson Laboratories, Inc., has received approval today from the United States Food and Drug Administration (FDA) on its Abbreviated New Drug Application (ANDA) for Levonorgestrel Tablets, 0.75 mg for over-the-counter use in women ages 17 and above, as well as for prescription use in women under the age of 17. Levonorgestrel Tablets, 0.75 mg is the generic equivalent to Duramed Pharmaceuticals' PLAN B(R) (Rx/OTC), which is indicated for the prevention of pregnancy following unprotected intercourse or contraceptive failure. For the 12-months ending June 30, 2009, PLAN B(R) had total U.S. sales of approximately $135 million. Watson will market the product under the trade name Next Choice(TM) and plans to launch the product shortly.

On June 24, 2009, Watson received FDA approval of Next Choice(TM) (levonorgestrel) Tablets, 0.75 mg for prescription use. Following today's approval, Next Choice(TM) is now labeled for both prescription and over-the-counter use.

Major Pharmaceuticals Discontinuing Their Natural Desiccated Thyroid Drugs

The pharmaceutical manufacturer Major has reportedly received notice from the FDA that their complete line of natural desiccated thyroid drugs can no longer be manufactured, and that the designation of DESI -- Drug Efficacy Study Implementation -- can no longer be used for these drugs.

According to a press release from Major, the FDA is requiring that all manufacturers that wish to continue manufacturing submit an NDA -- New Drug Application -- or Abbreviated New Drug Application (ANDA) for approval. As a result, Major is discontinuing production of their desiccated thyroid drugs, which were being produced in 1/2 grain, 1 grain, 2 grain and 3 grain sizes.

Note from Mary: At this point then, Biotech, Time Cap Labs, and Major are no longer manufacturing natural desiccated thyroid drugs. There is a nationwide shortage of Thyroid USP, the raw material for desiccated thyroid drugs, which is manufactured by American Laboratories. RLC Labs' Nature-Throid and Westhroid is in short supply or unavailable around the nation, and is on long-term back-order, and they state that the product should be back on the market in 90 days. Forest's Armour Thyroid is is in short supply or unavailable around the nation, and the company has provided no estimated date as to when product might be available again.

FDA Accepts Drug Application for Miconazole Lauriad(R) to Treat Oropharyngeal Candidiasis

Strativa Pharmaceuticals, the proprietary products division of a wholly owned subsidiary of Par Pharmaceutical Companies, Inc. (NYSE: PRX) , today announced that the U.S. Food and Drug Administration (FDA) has accepted the new drug application (NDA) for miconazole Lauriad((R)) mucoadhesive buccal tablets (MBT) to treat oropharyngeal candidiasis (OPC). Miconazole MBT delivers the antifungal miconazole via a mucoadhesive buccal tablet that is designed to enable once-daily dosing of the active ingredient at the site of infection.

The NDA submission was based primarily on data from a Phase III study demonstrating noninferiority to Mycelex((R)) Troche (clotrimazole)* in the complete resolution of signs and symptoms of OPC. The randomized, double-blind, double-dummy study was conducted in 577 HIV-positive patients in 40 sites in the United States, Canada, and South Africa.

"The NDA acceptance of miconazole MBT represents a significant milestone for Strativa Pharmaceuticals as this would be the first oral miconazole therapy available in the U.S. and would provide healthcare providers with a new option for treating OPC," said John A. MacPhee, president of Strativa Pharmaceuticals. "We believe miconazole MBT's delivery system and once-daily dosing schedule will offer an effective, convenient alternative to currently available local therapies, which require several doses per day to treat OPC." Strativa could launch miconazole MBT in the second half of 2010, if approved.

OPC, familiarly known as thrush, is an oral fungal infection most common in individuals with weakened immune systems -- particularly those with HIV/AIDS and those undergoing cancer treatments. OPC is a disruptive condition that results in lesions and inflammation in the mouth, and includes symptoms such as soreness, burning and/or altered taste.

Miconazole MBT was approved in 11 countries and is currently being marketed in several EU territories including France, Germany and the UK under the trade name Loramyc((R)). While miconazole MBT would be the first miconazole treatment available in oral form in the U.S., other dosage forms of miconazole have been marketed around the world. Under a licensing agreement with BioAlliance Pharma SA, Strativa is the exclusive U.S. distributor of BioAlliance's miconazole MBT. Upon FDA approval of the product, Strativa will pay BioAlliance $20 million, as well as a royalty on future net sales. BioAlliance may also be entitled to milestone payments if net sales achieve specified targets.

Analyst Picks and Pans: TD Ameritrade, Cigna, Par Pharmaceutical

After the market closed Aug. 18, TD Ameritrade said its average daily client trading volume rose 21% in July compared with the same quarter year ago, but fell 2% from the previous month.

The June figure only includes a portion of trading from thinkorswim Inc., which Ameritrade recently acquired. The monthly decline was actually 8.6% if you account for a full month of trading at thinkorswim, FBR Capital Markets analyst Matt Snowling wrote in an Aug. 19 research note. That monthly decline was more than competitors, including Charles Schwab Corp. and TradeStation Group Inc., Snowling added.

However, that decline was not enough to sway Snowling to change his rating or price target as brokerages enter a seasonally slow period of trading.

Snowling said Ameritrade's stock is likely to trade in a narrow range in the near future as the interest-rate environment remains challenging on spreads. To account for the narrow interest-rate spreads and slowing trading activity, Snowling cut his fiscal fourth quarter and fiscal 2009 earnings estimates by 1 cent each.

He now expects Ameritrade to earn 26 cents per share during the quarter ended Sept. 30 and $1.13 per share for the fiscal year.

Analysts polled by Thomson Reuters, on average, forecast earnings of 17 cents per share for the fiscal fourth quarter and $1.01 per share for the year.

BMO Capital Markets analyst Michael Vinciquerra maintained a fourth-quarter earnings estimate of 19 cents per share based on current trading volume projections for the month. Vinciquerra wrote in an Aug. 19 research note that he expects August volume has to increase from July levels.

Snowling and Vinciquerra maintained identical $19 price targets on the stock.

Cigna (CI)

Credit Suisse downgrades to neutral from outperform

A narrowing valuation disparity between the shares of managed care company Cigna and its competitors led Credit Suisse analyst Gregory K. Nersessian to downgrade the stock on Aug. 19.

Philadelphia-based Cigna also faces several issues that could affect operations next year and beyond, Nersessian said in a note.

"The essence of our call is that the valuation disparity between Cigna and its peers has narrowed considerably and its current discount to the peer group average better reflects its operating challenges than was the case earlier this year," he wrote.

He also cited Cigna's lack of capital flexibility, management turnover and inability to benefit from health care reform among other concerns.

Cigna announced in June the retirement of Chairman and CEO H. Edward Hanway at the end of 2009. The announcement came a month after former Chief Financial Officer Mike Bell resigned. President and Chief Operating Officer David M. Cordani will replace Hanway as CEO, and Annmarie Hagan has replaced Bell. Board member Isaiah "Ike" Harris Jr. will become non-executive chairman Jan. 1.

"Our primary takeaway is that we believe the 2010 national accounts selling season is going to be very competitive and that Cigna is likely to cede share to peers with more efficient medical and administrative cost structures," Nersessian wrote.

Par Pharmaceutical (PRX)

Caris & Co. upgrades to buy from above average

Already trading around annual highs, shares of Par Pharmaceutical rose Aug. 19 after the Food and Drug Administration approved the company's generic version of the Catapres TTS high blood pressure patch.

Par reported the approval after the close of trading Aug. 18, marking its second piece of good news in as many days. On Aug. 17, the company said it was successful in challenging the patent on the pain drug Ultram ER, which could allow the company to begin selling a generic version of that product.

Ultram ER, or extended-release tramadol, is sold by Biovail Corp. and Johnson & Johnson. Par said a U.S. District Court ruled in its favor by determining the patent supporting the drug, which belongs to Purdue Pharma, is not valid. The FDA has tentatively approved two versions of the drug made by Par.

Caris & Co. analyst David Moskowitz said the approval of generic Catapres -- also called clonidine -- gives Par "an amazingly strong platform of sustainable high-value generics, which will fund the continued ramp of the company's emerging brand business as well as follow-on generic opportunities."

Moskowitz raised his price target to $25 per share from $20. The analyst raised his 2010 profit estimate to $1.45 per share next year, from $1.30, and he said Par could top that amount if it does not face immediate competition for generic clonidine.

FDA Approves King Pharmaceutical’s New Pain-Relieving Drug

BRISTOL, – King Pharmaceuticals scored a victory Thursday when a federal agency approved one of the company’s new pain-relieving drugs, but it’s not known whether it will lead to new jobs at King’s Bristol facility.

The Food and Drug Administration announced it has approved Embeda, a pill taken orally that can relieve moderate to severe pain for extended periods, but cannot be broken into smaller pieces, which reduces the ability of users to abuse the drug.

The approval represents a major boost for King: in recent years, it had been among many large drug manufacturers affected by the growing popularity of generic drugs.

Earlier this year, King laid off 72 employees from its Bristol plant, leaving an estimated work force of 430.

King officials could not be reached Thursday to comment on the FDA’s approval, or what it will mean for the Bristol headquarters.

Company leaders have been working to win federal approval for three pain-relieving drugs designed to be difficult to abuse. Embeda is the first to receive FDA approval for use in the U.S.

The prospect of Embeda becoming an approved drug was a major reason King bought a competitor, Alpharma, for $1.3 billion last December.

It was Alpharma that initially developed Embeda, which contains morphine and naltrexone – the latter in a core form. The naltrexone core is designed to prevent Embeda users from crushing, snorting or injecting the pill to get a quicker, more intense effect from the morphine.

Indoco’s facility gets U.K. regulatory nod

MUMBAI India: Indoco Remedies has received MHRA-UK approval for its solid dosages manufacturing facility at Baddi, Himachal Pradesh. The Baddi facility is the second of Indoco’s manufacturing facilities to receive GMP (good manufacturing practice) from the UK regulatory agency, MHRA. The approval will enable Indoco to widen the customer base in Europe and will complement the existing MHRA-UK approved Indoco facility at Goa for its capacities, says a release.

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