Bad weather blamed for CRXX decision delay |
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By Staff and Wire Reports |
Wednesday, 17 February 2010 08:43 |
![]() The The U.S. rights to Exalgo tablets were acquired from Neuromed by Mallinckrodt Inc., a Covidien company, in June, 2009. Neuromed then acquired the U.S. marketing rights to Exalgo tablets from ALZA Corporation in April 2007 and was responsible for clinical development and regulatory filings. CombinatoRx and Neuromed merged on December 21, 2009. The drug is an extended-release opioid painkiller. It will be interesting to see how shares react to the news which was released one minute after the market closed on Tuesday. Most investors react negatively to delay news, but the announced delay is only one week.
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