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Welcome to another edition of "3 Things In Biotech," a daily digest dedicated to helping you keep pace with the fast-moving world of pharmaceutical and biotechnology research.
Progenics has a set back with the FDA
Company: Progenics Pharmaceuticals (PGNX)
Therapy: Iobenguane I-131
Disease: Pheochromocytoma
News: PGNX announced that the FDAhas delayed the PDUFA date for its lead agent Azedra by three months, placing the action date on July 30. This was due to additional CMC information that the company needed to produce, which will take additional time to review. PGNX guided that the delay is not due to any issues relating to safety or efficacy