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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 6.880-0.7%Nov 4 3:59 PM EST

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To: richardred who wrote (1646)4/16/2007 1:00:09 PM
From: richardred  Read Replies (1) of 7242
 
SPPI-good sign, but more wait.

CHICAGO, April 16 (Reuters) - Spectrum Pharmaceuticals Inc.(SPPI.O: Quote, Profile , Research) on Monday said its application for an experimental prostate cancer drug was given a priority review by U.S. regulators, triggering a $4 million payment to the company.

The company said the U.S. Food and Drug Administration accepted the drug for an expedited review for satraplatin, a platinum-based oral drug for treating prostate cancer.

The FDA is expected to make a decision by Aug. 15, 2007.
yahoo.reuters.com
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