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Replies to #68940 on Biotech Values

DewDiligence

11/24/08 4:14 PM

#68948 RE: Preciouslife1 #68940

The ALO buyout is odd in that KG now has commercial rights to two very similar drugs: Remoxy from PTIE and Embeda from ALO. Both drugs went before the same FDA advisory panel last week (#msg-33561355, #msg-33590952).

I have to assume that KG thinks there’s a fairly high chance that Emebda will get FDA approval and Remoxy won’t; otherwise, I fail to see the impetus for the buyout.

Comments welcome.