The official title of Amylin Pharmaceuticals
"*Bleep* You, FDA!" would have been much more appropriate.
The companies' diabetes drug Bydureon seemed destined for an approval last October, until the Food and Drug Administration sprung a new and seemingly unnecessary trial on them.
Eight months and who knows how many millions in lost sales later, the pharmaceutical trio has completed the requested trial. The drug, even at levels above what patients would normally get, didn't prolong the QT interval, a measurement of potential heart problems.
The companies plan to submit the results to the FDA in the third quarter of this year. Assuming a six-month review cycle, Bydureon could finally be on the market in the first quarter of next year.
The overly cautious FDA's delay allowed Novo Nordisk's
The only good news coming during the delay is that Novo Nordisk has grown the GLP-1 class of drugs. Two injections a day is a distinct disadvantage for Byetta, compared to oral medications such as Merck's
That's assuming, of course, that the FDA doesn't find something else to complain about.
The FDA may be a little cautious, but Fool analysts think these two small caps are too important for the government to let them fail.
Fool contributor Brian Orelli holds no position in any company mentioned. Click here to see his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.