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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who started this subject4/16/2001 9:41:58 AM
From: SSP   of 150070
 
UTHR - List Stock news, Thursday April 12, 5:40 pm Eastern Time
United Therapeutics, FDA agree to delay on Remodulin
NEW YORK, April 12 (Reuters) - Drug developer United Therapeutics Inc. (NasdaqNM:UTHR - news) said on Thursday it had agreed with U.S. regulators to extend by 90 days the review of its Remodulin drug for pulmonary arterial hypertension.

The company said it had agreed with the U.S. Food and Drug Administration to delay the decision on the drug so that the company could submit additional data in support of its new drug application.

United Therapeutics said the delay would alter its previously stated revenues projections, which the firm would revise when the FDA makes a decision on the drug.

The hypertension drug was undergoing priority review, meaning that the FDA would have likely reached a decision on approval within six months rather than the normal 12 months.

Shares of United Therapeutics rose 55 cents, or 3.83 percent, to $14.90 on the Nasdaq on Thursday ahead of the news.
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