Faster FDA Review Process a Contributing Factor to Biotech Industry's Rise in 2012
The Paragon Report Provides Stock Research on Ampio Pharmaceuticals and Astex Pharmaceuticals
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 09/21/12 -- Despite concerns of a global economic slowdown the Biotech Industry has impressed investors with strong gains in 2012. Patent expirations, favorable legislation, and a faster review process have been some of the contributing factors for the industry's current boom. The Paragon Report examines investing opportunities in the Biotechnology Industry and provides equity research on Ampio Pharmaceuticals, Inc. (NASDAQ: AMPE) and Astex Pharmaceuticals, Inc. (NASDAQ: ASTX).
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The Food and Drug Administration Safety and Innovation Act (FDASIA) was signed into law on July 9, 2012 by President Obama. The law allows the FDA to collect "user fees" to help fund reviews of innovator drugs, medical devices, generic drugs and biosimilars.
"The legislation will enhance the development and review of innovative new therapies through increased transparency and scientific dialogue, advancements in regulatory science and strengthened post-market review. It will also increase the Food and Drug Administration's (FDA) access to external expertise to improve the drug review process." Biotechnology Industry Organization (BIO) President and CEO Jim Greenwood said in a statement.
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Ampio Pharmaceuticals, Inc. develops innovative proprietary drugs for inflammation, eye disease, kidney disease, CNS disease, metabolic disease and male sexual dysfunction. The product pipeline includes new uses for previously approved drugs and new molecular entities. The company has recently entered into a definitive agreement with Ethypharm Ltd. for the manufacturing of Zertane.
Astex Pharmaceuticals is dedicated to the discovery and development of novel small molecule therapeutics with a focus on oncology. The Company is developing a proprietary pipeline of novel therapies and is creating de-risked products for partnership with leading pharmaceutical companies.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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Datum: 21.09.2012 - 06:20 Uhr
Sprache: Deutsch
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