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The Day In Review: Connetics Corporation (CNCT) Wins FDA Approval Of Verdeso Foam


9/20/2006 5:35:53 PM

September 20, 2006 -- Connetics won FDA approval of Verdeso Foam, a therapy for mild to moderate dermatitis; Genta sold 20 million shares at approximately $.80 each to raise $16 million; Amgen licensed monoclonal antibody IP from Yeda Research; GlaxoSmithKline and Pozen released positive data about migraine drug Trexima; Avant is quarreling with GlaxoSmithKline over royalties being paid on Rotarix rotavirus vaccine; Isis Pharma won a patent for its bacterial identification product; Progenics and Wyeth moved their therapy for post-operative ileus into Phase III trials; and Immtech announced the Gates Foundation gave $21.3 million to develop a drug for African sleeping sickness. The Centient Biotech 200™ jumped 24.5 points to end the day at 3743.75, a gain of .66%. More details...

Read at ChinaBio Today

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