Improving Trend in for FDA First Cycle Review Approvals a Major Factor for Biotech Industry's Success in 2012
Five Star Equities Provides Stock Research on BioCryst Pharmaceuticals and Catalyst Pharmaceutical
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 11/12/12 -- The Biotech Industry has skyrocketed in 2012 as an increase in the number of new drug approvals has boosted investor optimism within the industry. The iShares Nasdaq Biotechnology Index Fund (IBB) and the SPDR S&P Biotech ETF (XBI) have both gained over 25 percent year-to-date. Five Star Equities examines the outlook for companies in the Biotech Industry and provides equity research on BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX) and Catalyst Pharmaceutical Partners, Inc. (NASDAQ: CPRX).
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"In 2011, the U.S. FDA approved 30 new drugs, compared to 21 in 2010," S&P Capital IQ wrote in a note. "Through September 2012, the year-to-date total was 22. We see an improving trend for FDA first cycle review approvals and a rise in the rate of new drug approvals for rare diseases, which we think is helping to boost investor sentiment for the agency, after years of criticism stemming from inconsistency in making and communicating its decisions."
Another key factor in the Biotech Industry's success has been the "patent cliff" major pharmaceuticals have faced in 2012. Major drug manufacturers have looked to biotech companies to help offset major revenue losses from expiring patents as it is less time consuming than developing new drugs through R&D.
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BioCryst Pharmaceuticals designs, optimizes and develops novel small molecule drugs that block key enzymes involved in infectious and inflammatory diseases. BioCryst currently has two late-stage development programs. Shares of the company fell nearly 40 percent after they reported that an independent data monitoring committee has urged them to end their Peramivir trials.
Catalyst Pharmaceutical Partners is a development-stage specialty pharmaceutical company focused on the development and commercialization of prescription drugs targeting diseases and disorders of the central nervous system. The company has recently reported that their cocaine addiction treatment, CPP-109, has failed to meet its primary endpoint.
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Datum: 12.11.2012 - 13:20 Uhr
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