News, Money and Drugs for April 28, 2009
April 28, 2009 at 8:45 pm EST | Tags: News
Wow! What a day!! DNDN roller coaster, swine flu, Pfizer (PFE) earnings, it was crazy! Let’s get to it…
Dendreon
First, DNDN presented strong data at AUA today, the moment everyone was waiting for. Check it out here –> [WSJ]
Next, the stock took a wild ride, which we profiled all day. [IguanaBio]
The WSJ Health Blog also did a take before the after-hours trading. [WSJ Health Blog]
Finally, investors who sold on the way down lost tons as the stock resumed trading and skyrocketed after-hours. [Bloomberg]
Swine Flu
Some drugmakers stayed up (eg Biocryst), but others like Hemispherx Biopharma and Generex fell back down as panic settled in the markets. [TransWorldNews]
California Gov. Arnold Swarzenegger declared a State of Emergency over the swine flu outbreak. [Bloomberg]
Bogus online pharmacies are trying to harvest credit card details by offering ‘anti-flu’ drugs. [TimesOnline]
The FDA has allowed off-label use of anti-flu meds. [FiercePharma]
Other News, Money and Drugs
The FDA has yet again delayed a ruling on United Therapeutics’ inhaled Remodulin from April 30th to July 30th. [BizJournals]
Pfizer’s net income fell 2% while the company’s biotech chief abruptly resigns. [WSJ health Blog]
The Pfizer biotech head who left, Corey Goodman, signed a $1.7M vow of silence, forever. [BNET Pharma]
Novo Nordisk has postponed pre-launch physician training for liraglutide. Hmmm… [Financial Times]
Johns Hopkins wants to screen a library of compounds for new disease. Hopefully someone there knows about the market and something called patents. [New York Times]
Cephalon says a patient on Treanda (bendamustine) has died of fatal skin rash, Stevens Johnson Syndrome. [Reuters]
Finally, Genaera Corporation will enter The Graveyard and liquidate itself. [Pharmalive]
Image from nytimes



