Printer Friendly

Somaxon Pharmaceuticals Inc.

But Somaxon Pharmaceuticals Inc. (Nasdaq) plunged $2.38, or 67%--the most in nine months--after the company said its insomnia pill was rejected for the second time this year by the FDA. The San Diego-based company said the FDA questioned the effectiveness of the drug, Silenor, and declared its application to sell the product "cannot be approved in its present form." Silenor, Somaxon's most-advanced drug in development, would compete with Sanofi-Aventis SA's Ambien and Sepracor Inc.'s Lunesta. The FDA first denied the application in February, citing concerns about the medicine's potential effect on the heart. The agency's latest letter raised no safety issues, the company said.
COPYRIGHT 2009 MedContent Media, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Medical Stock Spotlight; drug approval
Publication:MondayMorning
Article Type:Brief article
Geographic Code:1USA
Date:Dec 14, 2009
Words:107
Previous Article:FDA confirms benefits of Crestor in more patients.
Next Article:Allos Therapeutics Inc.
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters