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Saturday, November 21, 2009
News Making Money

Shire Secures European Wide Label Extension for FOSRENOL in Chronic Kidney Disease

29/10/2009 16:51 (22 Day 23:46 minutes ago)

The FINANCIAL -- Shire plc (LSE: SHP, NASDAQ: SHPGY), the global specialty biopharmaceutical company, on October 28 announced it has received approval through the European Mutual Recognition Procedure for an extension to the current indication for FOSRENOL (lanthanum carbonate), paving the way to make the non-calcium, non-resin phosphate binder available throughout the EU to control hyperphosphataemia in chronic kidney disease (CKD) patients who are not on dialysis with a serum phosphorus level ≥1.78mmol/L (5.5mg/dL).

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The extension was sanctioned by the Swedish Medicines Products Agency as reference member state. Submissions for national marketing authorizations have been made to Sweden and the other 28 European markets with first national approvals anticipated in Q4 2009.


“Failure to control phosphate in the earlier stages of chronic kidney disease carries well documented risks, and is associated with reduced bone health and poor cardiovascular outcomes,” said Dr. Alastair Hutchison, Manchester Royal Infirmary, UK. “The extension to the existing indication for FOSRENOL provides nephrologists in the EU with an important additional option to help tackle the challenge of uncontrolled phosphate at an earlier stage in the progression of kidney disease, before the need for dialysis treatment.”


“This is an important development in helping CKD patients better manage their elevated phosphate and we are pleased that FOSRENOL is now approved as a treatment option for these patients in the EU,” said Gian Piero Reverberi, Senior Vice President, International Specialty Pharmaceuticals, Shire. “We are firmly committed to serving the needs of renal patients and ensuring that FOSRENOL is available to the prescribers and patients who can benefit from it.”

 

In relation to the US, Shire continues to evaluate its options for securing a label extension to include CKD patients not on dialysis.

 

 

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Politics
Ruling Party Firm on 30% Threshold for Mayoral Election

21/11/2009 13:54 (02:43 minutes ago)

The FINANCIAL -- According to Civil Georgia, the ruling party has already compromised on number of key electoral issues, including on rule of electing Tbilisi mayor and now expects the Alliance for Georgia to reciprocate and agree on 30% threshold for electing the capital city’s mayor, a senior ruling party lawmaker said on November 20.

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