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Keryx pill for kidney disease patients cleared, but with safety warnings attached, shares fall

2014-09-05 22:05:57| Biotech - Topix.net

Keryx Biopharmaceuticals shares fell Friday as the company received U.S. approval for its pill to treat kidney disease complications but the clearance required unexpected safety warnings. The Food and Drug Administration approved the company's ferric citrate drug to treat patients on dialysis with hyperphosphatemia, or elevated levels of phosphates, which can increase the risk of heart disease, bone density problems and death.

Tags: fall safety attached disease

Medifast adopts 'poison pill' to ward off takeover attempts

2014-08-29 19:15:26| Biotech - Topix.net

Weight-loss company Medifast, which makes products like Garlic Mashed Potatoes and Sour Cream and Chive Mashed Potatoes, announced a stockholder rights plan Thursday, Aug. 28. Medifast Inc. has moved to put a stockholder rights plan or "poison pill" in place that would make it hard for an outside company to execute a hostile takeover.

Tags: attempts ward pill poison

UK cost body backs pricey Gilead hepatitis pill for some patients

2014-08-15 03:48:31| Biotech - Topix.net

Gilead Sciences' expensive new hepatitis C pill has been endorsed for use in certain patients by Britain's healthcare cost-effectiveness watchdog, after the U.S. firm provided more information.

Tags: body cost patients pill

Merck & Co. Wins U.S. FDA Approval of New Type of Sleeping Pill

2014-08-14 09:59:54| Biotech - Topix.net

Merck & Co., the second-largest U.S. drugmaker, won approval to sell its treatment for insomnia, a new type of drug considered to have fewer side effects than older pills such as Ambien.

Tags: of type approval wins