Teva questions safety of MS drug from rival Biogen; FDA Approves Bayer's Skyla™ Print E-mail
By Staff and Wire Reports   
Wednesday, 09 January 2013 20:43
Below is a look at some of the headlines for companies that made news in the healthcare sector on January 9, 2013.

Teva Pharmaceutical Industries Ltd, (NYSE:TEVA)
which makes the market-leading multiple sclerosis drug Copaxone, has filed a petition with the U.S. FDA that could, if granted, delay entry to the market of a rival drug developed by Biogen Idec Inc (NASDAQ:BIIB).

Teva's petition asks that the FDA not approve any new multiple sclerosis drug until its safety has been evaluated by a panel of outside advisors, and said it had uncovered "troubling information" on a publicly accessible website about the safety of Biogen's drug, BG-12.

Israel-based Teva said the information showed that kidney changes were observed after repeated administration of BG-12 in mice, rats, dogs and monkeys. The company suggested that as a result, "there is a substantial probability the risk is applicable to humans as well."

Biogen spokeswoman Kate Niazi-Sai, echoing comments made by company chief executive, George Scangos, at the J.P. Morgan Healthcare Conference earlier this week, said the company is "confident" in BG-12's safety data.

Niazi-Sai said the incidence of kidney problems was similar between patients taking BG-12 and those taking a placebo, she said. A late-stage clinical trial showed that 21 percent of patients taking the placebo experienced kidney problems, compared with 22 percent of patients taking BG-12 twice a day and 25 percent of patients taking BG-12 three times a day.

Teva asked the FDA not to approve any new MS drug unless or until it has convened a panel of outside advisors and listened to the panel's recommendations. And it said its motives were to protect patients.

"Teva filed the petition, on behalf of the more than 300,000 patients with relapsing remitting multiple sclerosis in the U.S.," Denise Bradley, a spokeswoman for Teva, said in an emailed statement. She said the company wants to "ensure that appropriate safeguards are implemented to maintain an acceptable risk-benefit profile."

So far the agency has not scheduled such a meeting for BG-12, though it could do so at any time. An advisory committee meeting would delay BG-12's entry to the market.

The FDA is scheduled to rule on whether to approve BG-12 by the end of March, three months later than the original decision date. Biogen has said the agency did not require additional information, just more time to review application.

Brian Abrahams, an analyst at Wells Fargo Securities, said he doubts Teva's petition will cause the FDA to delay BG-12's approval, "though one cannot rule out the possibility of a minor process-related delay as FDA necessarily evaluates/responds" to the petition.


Bayer HealthCare Pharmaceuticals Inc. (NYSE:MOH)
announced the U.S. FDA approved Skyla™ (levonorgestrel-releasing intrauterine system) 13.5 mg, a new hormone-releasing system that is placed in the uterus for the prevention of pregnancy for up to three years.[1]

"Research shows that nearly 50 percent of pregnancies in the U.S. are unintended,2 which emphasizes the need for increased education and access to effective birth control options," said Anita L. Nelson , M.D., Professor of Obstetrics and Gynecology at Harbor-UCLA Medical Center, Torrance, CA. "Skyla is more than 99 percent effective at preventing pregnancy and may be appropriate for women who want a birth control method that they do not have to take daily. Further, Skyla may be used by women whether or not they have ever had a child, representing an important new choice for women who don't want to become pregnant for up to three years."

Skyla is a small, flexible plastic T-shaped device containing 13.5 mg of a progestin hormone called levonorgestrel. The size of the Skyla T-body is 28mm x 30mm and the outer diameter of the placement tube is 3.8mm. Because Skyla slowly releases levonorgestrel into the uterus, only small amounts of the hormone enter the blood. During the first three to six months of using Skyla, women may experience irregular periods and an increase in the number of bleeding days. Women may also have frequent spotting or light bleeding. Some women may have heavy bleeding during this time. After using Skyla for a while, the number of bleeding and spotting days is likely to lessen, and there is a small chance that periods may stop altogether.1,3

Women can have Skyla placed by a healthcare provider during an in-office visit. Skyla is intended for long-term use for up to three years but may be removed by a healthcare provider at any time. Women could become pregnant as soon as Skyla is removed, so they should use another method of birth control if they do not want to become pregnant. About 77% of women who want to become pregnant will become pregnant sometime in the first year after Skyla is removed.3

"The approval of Skyla expands Bayer's IUD portfolio and highlights our continued commitment to empower women with a variety of birth control options at different reproductive stages of their lives," said Pamela A. Cyrus , M.D., Vice President and Head of U.S. Medical Affairs, Bayer HealthCare Pharmaceuticals. "We are pleased to bring the first new IUD to market in the U.S. in 12 years, and to provide women who are seeking contraception with an important new and effective option to consider with their healthcare providers."

Skyla (levonorgestrel-releasing intrauterine system) 13.5 mg will be available by prescription the week of February 11.

Also Wednesday:  

BrainStorm Cell Therapeutics (OTCQB: BCLI)
, a leading developer of adult stem cell technologies for neurodegenerative diseases, announced today that it has achieved a new breakthrough for commercialization of its stem cell therapy candidate, NurOwn.

announced today that it expects to report fourth quarter 2012 financial results before the market opens on Thursday, February 14, 2013, and will also hold a conference call live over the Internet at 10:00 a.m. Eastern Time that same day.

CytoSorbents Corporation (OTCBB: CTSO)
, a critical care focused company using blood purification to treat life-threatening illnesses, issued the following letter to shareholders.

Endeavor Power Corporation (OTCQB: EDVP)
provides an outline of its new target market in the Point-of-Care In Vitro diagnostics market.

Foster Wheeler AG (Nasdaq: FWLT)
announced today that it has acquired Yonkers Industries, Inc., a 30-year-old US-based firm that specializes in the management of construction and commissioning of pharmaceutical and biotech facilities, with capabilities to also manage the full EPCm (Engineering, Procurement and Construction Management) of such facilities.

Inovio Pharmaceuticals, Inc. (NYSE MKT: INO)
and its development partner VGX International, Inc. (KSE: 011000) will move Inovio's hepatitis C (HCV) DNA vaccine into a phase I/IIa clinical trial by the end of 2013.

Laboratory Corporation of America® Holdings (LabCorp®) (NYSE: LH)
today announced the recent accreditation of its Biorepository by the College of American Pathologists (CAP). CAP’s inaugural accreditation program was developed to establish internationally-recognized best practices and quality standards for the collection, storage and future analysis of biospecimens.

MediSwipe Inc. ( (OTCQB: MWIP)
, a patient security solutions and financial products company for the health care industry, announced today that the Company has launched "GetRx" Mobile in cooperation with 800 Commerce Inc.

MMRGlobal, Inc. (OTCQB: MMRF)
("MMR") today announced that it has received two additional patents adding 57 additional claims to the Company's patent portfolio to expand the scope of the Company's patent protection to include insurance, legal, accounting, mortgage and other types of important documents when combined with a Personal Health Record (PHR).

NuVasive, Inc. (NASDAQ: NUVA)
, a medical device company focused on developing minimally disruptive surgical products and procedures for the spine, announced today preliminary unaudited revenue results for the full year ended December 31, 2012.

Orthofix International N.V., (NASDAQ:OFIX)
(the Company) announced today the launch of the CONSTRUX® Mini PEEK Titanium Composite™ (PTC) Spacer System through its spine distribution network.

PerkinElmer, Inc. (NYSE: PKI)
and Verinata Health, Inc., today announced a strategic agreement for expanding access to Verinata’s verifi® test, the most comprehensive non-invasive prenatal test (NIPT) currently available for high-risk pregnancies.

Rand Capital Corporation ("Rand") (NASDAQ: RAND)
, a business development company (BDC) founded in 1969, and its subsidiary, Rand Capital SBIC, Inc. announced that in 2012 its portfolio investment activity exceeded $6 million and represented the largest single investment period in the 40+ years of the fund.

Rosetta Genomics Ltd. (NASDAQ: ROSG)
, a leading developer and provider of microRNA-based molecular diagnostics, today announced that data from a study assessing the differences between cancer of unknown primary (CUP) and metastatic solid tumors of known primary metastases (KPM) by profiling microRNA expression were recently published in Clinical Experimental Metastasis, in an article entitled "Global microRNA profiling in favorable prognosis subgroups of cancer of unknown primary (CUP) demonstrates no significant expression differences with metastases of matched known primary tumors."

SmartMetric, Inc. (OTCQB: SMME) Speaking today, the President and CEO of SmartMetric, Inc., Ms. Chaya C. Hendrick, said, "SmartMetric, Inc. to start selling soon direct to the public in the United States, its Electronic Medical Records device."

VolitionRx Limited (OTC: VNRX)
, a life sciences company focused on developing blood-based diagnostic tests, announces that it will commence a large internal clinical study for its Nucleosomics® diagnostic products this month.

"Featured Content" profiles are meant to provide awareness of these companies to investors in the small-cap and growth equity community and should not in any way come across as a recommendation to buy, sell or hold these securities. BiomedReports is not paid or compensated by newswires to disseminate or report news and developments about publicly traded companies, but may from time to time receive compensation for advertising, data, analytics and investor relation services from various entities and firms. Full disclosures should be read in the 'About Us Section'.

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