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Biotech / Medical : Kos Pharmaceuticals, Inc (KOSP)

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To: DD™ who started this subject10/7/2002 10:17:16 PM
From: mopgcw  Read Replies (1) of 118
 
Kos Pharmaceuticals Files SNDA For Niaspan

DOW JONES NEWSWIRES

MIAMI -- Kos Pharmaceuticals Inc. (KOSP) submitted a supplemental new drug application to the Food and Drug Administration to expand the labeling of Niaspan to include cutting the risk of strokes and "ministrokes."

Niaspan is the only FDA-approved once-daily formulation of niacin for the treatment of lipid disorders. It is also indicated for the secondary prevention of heart attacks, and in combination with a bile-acid binding resin, to promote regression of coronary atherosclerosis in patients with high cholesterol.

In a press release Monday, the pharmaceutical company said it is seeking to expand the current Niaspan label to include reducing the risk of stroke or transient ischemic attack - sometimes referred to as ministrokes - in patients with a previous heart attack and elevated cholesterol levels.

Shares of Kos Pharmaceuticals traded recently at $11.87, up 38 cents, or 3.3%, on Nasdaq volume of 35,600 shares. Average daily volume is 114,107 shares.
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