Salix shares fall as company preps investors for likely FDA rejection of IBS drug
This article was originally published in Scrip
Executive Summary
Wall Street was perplexed as to why Salix Pharmaceuticals did not wait for the official bad news from the FDA before telling investors that the firm likely will need to conduct another clinical trial before regulators will grant approval for the company to market Xifaxan (rifaximin) 550mg as a treatment for non-constipation irritable bowel syndrome (non-C IBS) and IBS-related bloating.
You may also be interested in...
Moderna's Valera Takes mRNA Approach To Combat Zika
With new funding in hand, Moderna and its infectious disease venture Valera are going full-speed ahead with a Zika vaccine, taking an mRNA approach, which they said could be a more rapid strategy to try to stop the disease.
Allergan's Price Reform Pledge: Will Others Follow?
Allergan CEO Brent Saunders vows not to engage in price gouging and says his firm will limit cost increases to single-digit percentages, occurring only once per year. But it's unclear whether Saunders will stand as a lone wolf in the industry or if others will make similar pledges.
Clinton's Drug Price Plan: Threat Or Flash In The Political Pan?
Hillary Clinton's plan to rein in high prices of older medicines, which includes creating a federal panel that has authority to impose fines, may grab headlines, but some analysts think it's unlikely to get very far in a divided Washington.