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Biotech / Medical : Neurex Corporation

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To: Jeffers Hughes who wrote (344)9/14/1997 2:23:00 PM
From: NeuroInvestment   of 449
 
The original NDA was accepted by the FDA in 6/96. There has been a 3month extension already on the 1 year framework allowed by User Fee Legislation. The FDA always has room to maneuver, requesting further extensions, but the last time I spoke with NXCO management, they stated that they firmly expected approval by the end of this month, which would be the next User Fee deadline. If this does not occur, it would be worrisome, because that would indicate that the negotiations around labeling (vis-a-vis beta blockers, renal effects, etc) have hit a serious snag. Thus far I have heard nothing to indicate this, and I am expecting approval by the end of September. NeuroInvestment
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