Pfizer Rejects IndiplonU.S. Equity News: AstraZeneca Cholesterol Drug Effective and Abbott Phase III Data
Jun 26, 2006 (M2 PRESSWIRE via COMTEX News Network) --
City of Industry, CA - June 26, 2006 - Pharmaceuticals Instruments industry alert provided by U.S. Equity News. British drug maker AstraZeneca PLC (NYSE:AZN) said Thursday that results from three clinical trials showed its Crestor medication lowered LDL-C, or "bad cholesterol," levels in Americans of certain ethnic populations. The company said it conducted separate six-week clinical trials with African-American, Hispanic and South Asian patients with high cholesterol, comparing Crestor with atorvastatin, the generic version of Pfizer Inc.'s cholesterol-reducing drug, Lipitor. Pfizer Inc (NYSE:PFE) said recently it is returning to Neurocrine Biosciences, Inc. the development and marketing rights for Indiplon, a medicine in development to treat insomnia. This includes both the collaboration to develop and co-market Indiplon in the U.S. as well as Pfizer's exclusive license to develop and market Indiplon outside of the U.S.
Abbott Laboratories (NYSE:ABT) said two analyses of a Phase III study of Humira to treat ankylosing spondylitis demonstrates that it's able to reduce the signs and symptoms in patients from 12 weeks to 52 weeks and that it rapidly and significantly reduces pain and fatigue. Abbott's application for Humira for AS in the United States is currently under review. CytoDyn, Inc. (OTCBB:CYDY) was advised recently that Team Hope, the charity bicycle riders sponsored by the Company, earned $10,910 for the Emory Vaccine Center during this year's Action Cycling 200, a challenging two-day, 200-mile bicycle ride that took place the weekend of May 20-21, 2006 in Georgia. This is as compared to $6,545 contributed by the next highest earning team. A total of $55,463 was raised for the Vaccine Center at Emory University.
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