Zogenix soars on FDA Zohydro OK; 1st single-entity hydrocodone
This article was originally published in Scrip
Shares of Zogenix rocketed as high as 54% on 25 October after the US FDA OK'd the company's Zohydro ER (hydrocodone bitartrate extended-release capsules) as the first single-entity, extended-release hydrocodone product approved in the US to manage pain severe enough to require daily, around-the-clock, long-term treatment and for which alternative treatment options are inadequate.
You may also be interested in...
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 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.
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.