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ghmm

02/13/14 4:14 PM

#174185 RE: drbio45 #174171

rtrx:

No position (congrats to longs!) but curious about something.

Granted its not a large amount but Why isn't this insider buy considered acting on inside information? Maybe he couldn't forsee the price movement today but surely given the date the deal was close to closing.

http://www.sec.gov/Archives/edgar/data/1438533/000119380514000180/xslF345X03/e611802_4-shkreli.xml

jq1234

02/13/14 6:14 PM

#174194 RE: drbio45 #174171

The other primary bile acid Cholic acid from Asklepion got positive CHMP for CTX, AMACR, CYP7A1 deficiency in Jan 2014:

On 23 January 2014, the Committee for Medicinal Products for Human Use (CHMP) adopted a revised positive opinion, recommending the granting of a marketing authorisation for the medicinal product cholic acid FGK, 50 and 250 mg capsule intended for the treatment of inborn errors in primary bile acid synthesis due to Sterol 27-hydroxylase (presenting as cerebrotendinous xanthomatosis, CTX) deficiency, 2- (or a-) methylacyl-CoA racemase (AMACR) deficiency or Cholesterol 7a-hydroxylase (CYP7A1) deficiency in infants, children and adolescents aged 1 month to 18 years and adults.



http://www.ema.europa.eu/docs/en_GB/document_library/Summary_of_opinion_-_Initial_authorisation/human/002081/WC500155422.pdf

The other Cholic acid (Orphacol) from Laboratoires CTRS was a rare case when EC refused to approve after CHMP positive opinion. CTRS went to EU general court, forcing EC approval and won, got approval in Sept 2013:

The Committee for Medicinal Products for Human Use (‘CMPHU’), a part of the EMA, issued a positive opinion, followed by a revised opinion, which was also positive, in December 2010 and April 2011 respectively, recommending that an MA be granted. However, in July 2011 the Commission submitted to the Standing Committee on Medicinal Products for Human Use (‘the Standing Committee’) a draft decision refusing to grant CTRS an MA for Orphacol. In October 2011, the Standing Committee issued a negative opinion on the Commission’s draft decision refusing to grant an MA. In the same month, the Commission submitted the draft decision refusing to grant an MA to the Appeal Committee. In November 2011, the Appeal Committee also issued a negative opinion on the Commission’s draft decision refusing to grant an MA.

On 12 January 2012, CTRS brought an action before the General Court seeking a declaration that the Commission had failed to act in unlawfully failing to adopt a final decision in relation to its application for an MA for the medicinal product Orphacol and, in the alternative, applying for the annulment of the decision, allegedly contained in a letter of 5 December 2011 from the Commission, refusing to grant that MA.



By its judgment delivered today, the General Court annuls the Commission’s decision of 25 May 2012 refusing to grant the MA for the medicinal product Orphacol.



http://europa.eu/rapid/press-release_CJE-13-84_en.htm

Thus this passage in cholic acid FGK CHMP opinion:

During the assessment of cholic acid FGK, on 13 September 2013, the European Commission granted a
marketing authorisation for the orphan medicinal product Orphacol, for which the marketing
authorisation holder is Laboratoires CTRS, containing the same active substance cholic acid. In
accordance with Articles 8(1) and 8(3) of Regulation (EC) No 141/2000, the applicant submitted a
report on similarity of cholic acid FGK to Orphacol and a report claiming the derogation of Orphacol’s
market exclusivity based on clinical superiority to Orphacol. The CHMP considered that cholic acid FGK
was similar to Orphacol with respect to two of the five therapeutic indications claimed i.e. 3ß-HSD and
?4-3-oxoR deficiencies. The CHMP also concluded that cholic acid FGK was not considered safer, more
effective or clinically superior to Orphacol. Following the outcome of the clinical superiority report, the
applicant withdrew from the application the indications for 3ß-HSD and ?4-3-oxoR deficiencies. The
scope of the application was reduced to the following 3 indications: CTX, AMACR and CYP7A1
deficiencies.



Orphacol cholic acid initial CHMP opinion from Dec 2010:

http://www.ema.europa.eu/docs/en_GB/document_library/Summary_of_opinion_-_Initial_authorisation/human/001250/WC500099932.pdf

Bulbaman

02/13/14 10:12 PM

#174207 RE: drbio45 #174171

Based on his remarks at this morning’s CC, Retrophin CEO Martin Shkreli disagrees with Birchenoff. Shkreli seemed pretty confident Chenodal would work as well as Intercept’s drug for PBC & NASH.
I wonder who to believe. ;~)
Peace & good health,
Bulba