The PDUFA date for the FDA to make a decision is Jan. 30. That's a Sunday, so we'll likely hear on Friday or Monday or maybe even earlier. The PDUFA date is a goal; it's not set in stone when the agency will announce its decision.
Predicting the fate of DM-1796 seems easier than other recent FDA decisions. The drug is a long-lasting version of the extended-release formula of gabapentin, which Pfizer
That's in contrast to GlaxoSmithKline
There are also a couple of indirect signs that DM-1796 will get past the FDA.
On a conference call last week, an analyst asked if Abbott and Depomed were discussing the label with the agency. Since there's little reason to work out the details of the label if the agency is going to reject the drug, the analyst was really asking if it seemed likely that the agency would approve the drug. CEO Carl Pelzel wouldn't bite but did say that he was confident that the agency would make a decision by the PDUFA date. While that's not quite as satisfying, it's at least a sign the FDA isn't still shooting a lot of questions at Abbott and Deopmed.
Last week, Depomed said Abbott Labs
The last two are more conjecture than solid investment theses, but with the black box FDA, that's about all you're going to get.
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