To: LLCF who wrote (221 ) 4/28/2000 8:36:00 AM From: Curtis E. Bemis Read Replies (1) | Respond to of 395
Secretin-Repligen, the synthetic form for pancreatic diagnostics, is just an approval letter away !! This should provide a modest sustainable income source for RGEN. FDA Issues Approvable Letter For Diagnostic Secretin PR Newswire - April 28, 2000 07:14 NEEDHAM, Mass., April 28 /PRNewswire/ -- Repligen Corporation (Nasdaq: RGEN) announced today that the U.S. Food and Drug Administration (FDA) has issued an "approvable letter" to its development partner ChiRhoClin, Inc. regarding a new drug application (NDA) for diagnostic applications of synthetic porcine secretin. The FDA's letter indicates that the NDA can be approved upon the receipt of a satisfactory response to questions concerning the product and agreement upon product labeling and a product brand name. A written response to the "approvable letter" and proposed labeling are currently being prepared for submission to the FDA along with the product brand name of Secretin-Repligen(TM). An "approvable letter" usually represents the final step before a product receives FDA clearance for marketing in the United States. For the past 20 years an FDA approved form of secretin extracted from pigs has been marketed by Ferring Pharmaceuticals for the assessment of exocrine pancreatic function. The manufacture of this product was discontinued by Ferring in 1999. Secretin-Repligen(TM) is a chemically synthesized form of secretin which has been evaluated in clinical trials for pancreatic function assessment. It has received orphan drug designation from the FDA to increase pancreatic fluid secretion in conjunction with the diagnosis of pancreatic disorders, for use in the evaluation of exocrine pancreas function and for use in the diagnosis of gastrinoma. "The FDA's approvable letter is an important step towards the commercialization of diagnostic secretin," said Walter Herlihy, Ph.D., President and CEO of Repligen. "ChiRhoClin and Repligen are committed to working with the FDA to expeditiously fulfill the remaining requirements for approval." Secretin-Repligen(TM) is also being clinically evaluated for new diagnostic applications including the reduction of the incidence of pancreatitis resulting from an endoscopic procedure (ERCP) to diagnose and treat a variety of pancreatic and biliary diseases. There are more than 500,000 ERCP procedures carried out annually in the U.S. Repligen Corporation develops new drugs for autism, organ transplant and cancer. Repligen also manufactures and markets a set of patented products based on Protein A, which are used by the pharmaceutical industry to produce therapeutic antibodies. Its corporate headquarters are located at 117 Fourth Avenue, Needham MA, 02494. Additional information may be requested from www.repligen.com. This press release contains forward-looking statements based on current management expectations. There are certain key factors which could cause future results to differ materially from those anticipated by management. Such factors include, but are not limited to: uncertainty in the realization of future revenues, the uncertain timeline for clinical activity, results of pending or future clinical trials, the Company's ability to continue to establish collaborative arrangements with third parties, the Company's ability to maintain financial stability, the technical risks associated with development and manufacture of clinical products, the fact that there can be no assurances that patents relating to the Company's potential products will afford adequate protection to the Company, the risks of technological change and competition, and the competitive environment of the biotechnology and pharmaceutical industries. These factors are more fully discussed in the Company's periodic filings with the Securities and Exchange Commission. SOURCE Repligen Corporation