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NPS Pharmaceuticals’ Orphan Drug Gattex (Teduglutide) And 3rdQ 2012 Reporting Results

November 12, 2012

       On November 9, 2012, NPS Pharmaceuticals reports on 3rdQ 2012 financial results and presents updates for orphan drug Gattex (Teduglutide) for Short Bowel Syndrome : 

–  On October 16, 2012, the FDA GI Advisory Committee unanimously recommends Gattex for approval 

–  FDA PDUFA date for Gattex is December 30, 2012 

–  For the ongoing long-term STEPS 2 study (expected to be completed in early 2013), 1 in 7 (approximately 14.3%) patients have now “achieved independence from PN/IV” & 10 of the 12 patients (approximately 83%) are able to discontinue PN/IV after > 1 year on Gattex 

–  Will be hiring key commercial positions in preparation of “bringing Gattex to the market early next year (2013)” 

–   At the American College of Gastroenterology Annual Scientific Meeting in October 2012, data was reported for patients who achieved complete independence from PN/IV in the STEPS 2 study. 

Upcoming Events 

–  November 14, 2012 NPS Pharmaceuticals at Lazard Capital Markets Healthcare Conference, New York 

–  November 15, 2012 NPS Pharmaceuticals at Jefferies Global Healthcare Conference, London. 

References 

NPS Pharmaceuticals’ November 9, 2012 Press Release  

SeekingAlpha.com November 9, 2012 NPS Pharmaceuticals’ CEO Q3 2012 Results Earnings Call Transcript  

Orphan Druganaut October 25, 2012 Blog Post titled, “Jim Cramer Interviews NPS Pharmaceuticals CEO On Orphan Drugs: CNBC Video”  

Orphan Druganaut October 22, 2012 Blog Post titled, “NPS Pharmaceuticals’ Orphan Drug Gattex (Teduglutide) Study Results Presented At The American College of Gastroenterology (ACG) Meeing”   

Copyright © 2012-2013, Orphan Druganaut Blog.  All rights reserved.

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