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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Zeev Hed who wrote (78608)6/13/2002 5:02:29 PM
From: ajs  Read Replies (2) of 99280
 
Zeev,

What do you think of this BGEN news in AH? Is it negative? I have read two opposite ways of interprating it.

biz.yahoo.com

Biogen Receives "Complete Response" Letter from FDA on AMEVIVE(R) (alefacept) Application
CAMBRIDGE, Mass., June 13 /PRNewswire-FirstCall/ -- Biogen, Inc. (Nasdaq: BGEN - News) today announced that it has received a Complete Response Letter from the U.S. Food and Drug Administration (FDA). The letter is the next step forward in FDA's review of Biogen's application for approval to market AMEVIVE® (alefacept) in the United States as a treatment for moderate-to-severe chronic plaque psoriasis. FDA is requesting clarification and information related to data Biogen previously submitted. No new clinical trials were requested prior to approval. The Agency proposed post-marketing clinical studies to further define the safety and effectiveness of AMEVIVE. The Company said it will work closely with FDA to address the questions raised and move forward rapidly in the approval process.

(Photo: newscom.com )

Last month, a Dermatologic & Ophthalmic Advisory Committee convened by FDA voted to recommend AMEVIVE for market approval.

Burt Adelman, M.D., Biogen's Executive Vice President-Research and Development, said, "The FDA Advisory Committee vote last month was a clear indication of the importance the physician and patient communities place on AMEVIVE as a potential new therapy for psoriasis. This FDA letter brings Biogen another step closer to meeting those unmet needs."
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