Amgen faces FDA delays (NASDAQ:AMGN)
Source: http://www.favstocks.com/amgen-faces-fda-delays-nasdaq-amgn/201371/Posted on Tuesday, October 20th, 2009 | In Biotech, Investing Lessons, Stocks to Watch
On Monday morning Amgen Inc made an announcement that the Food and Drug Administration has issued them a Complete Response letter for the Biologic License Applications (BLA) for their new bone drug Denosumab (Prolia) for the treatment and prevention of postmenopausal osteoporosis. This way the FDA has made up another roadblock for Amgen’s new bone drug delaying its decision as the FDA now requests Amgen to come up with a new clinical program to support the approval of their new drug. The shares of Amgen Inc went down moments after the announcement was made by Amgen.
Executives of Amgen has however said that the Food and Drug Administration’s requests can be easily met and that they don’t see any further delay and will soon resolve this issue, and that they do not need any more clinical trial to support their new bone drug Denosumab. The FDA has determined that a Risk Evaluation and Mitigation Strategy (REMS) is necessary for Prolia and must include a medication guide, a communication plan and a timetable for submission of assessments of the REMS. The FDA has also requested Amgen to provide them with all the safety data related to Denosumab (Prolia) at the earliest.
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![]() About Brian Hill (http://www.favstocks.com)
Brian is interested in discovering and writing about strategies individual investors can employ to improve the management of their investment portfolios, more efficiently utilize the time they devote to their investing activities, and further develop their investment research skills. He is the co-author of Inside Secrets to Venture Capital. The book was inspired by his fifteen-year career as a consultant/advisor to more than 125 companies. He specializes in assisting corporate clients with strategic planning, financial analysis and forecasting, and raising capital. His firm’s clients have spanned many different industries including high-tech, Internet, healthcare, hospitality, real estate, retail, energy, finance, distribution, manufacturing, entertainment and consumer goods and services. Brian has been interviewed as an expert on corporate finance in such publications as NuWire Investor, Entrepreneur Magazine (August 2008 cover story), Business Week online, Smart Money magazine, Investors Business Daily, LA Times, San Francisco Business Times, and American Venture Magazine. |



