MDRNA gets FDA approval for osteoporosis nasal spray
Puget Sound Business Journal (Seattle)
MDRNA Inc. said the U.S. Food and Drug Administration (FDA) has approved its application for a nasal spray for treating osteoporosis and that the product will be sold by the Bothell biotech’s partner, Par Pharmaceutical Companies Inc.
Shares in MDRNA (NASDAQ: MRNA) soared in Tuesday trading, rising more than 75 percent, rising $1.16 to close at $2.70.
MDRNA originally developed the calcitonin-salmon nasal spray when the company was known as Nastech Pharmaceutical Co. in the early 2000s and the company signed a deal with Par five years ago to market and sell the product.
“Revenue generated from the sale of calcitonin-salmon by Par will provide us with working capital to help advance our RNAi programs,” said J. Michael French, president and CEO of MDRNA, in a statement.
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MDRNA gets FDA approval for osteoporosis nasal spray
- By KMFDallas
- Posted June 20, 2009 at 1:22 pm · 3 replies
- In Osteoporosis medications
- Shared with the public
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- By osteochick
- Posted June 21, 2009 at 2:34 pm
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Isn't this something that has been available for years? I heard it wasn't effective. Anyone tried it?
- By rmchavin
- Posted June 21, 2009 at 4:08 pm
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Dear osteochick:
Here are 3 Pubmed studies on salmon calcitonin: http://www.ncbi.nlm.nih.gov/pubmed/8935399 http://www.ncbi.nlm.nih.gov/pubmed/18713548 http://www.ncbi.nlm.nih.gov/pubmed/18071651 Here are 3 more web addresses on salmon calcitonin which describe all possible side effects: http://www.drugs.com/sfx/calcitonin-side-effects.html http://www.drugs.com/mtm/calcitonin-nasal.html http://www.rxlist.com/miacalcin-drug.htm Although salmon calcitonin has been around for several decades, it got off to a very slow start due to its inconvenience compared to conveniently swallowing an estrogen pill, Fosamax (alendronate) pill, or Evista (raloxifene) pill. However, it has gradually recovered in popularity to become a very serious contender for your osteoporosis dollar. Here are some relevant Wall Street links: http://moneycentral.msn.com/investor/charts/chartdl.aspx?PT=10&showchartbt= Redraw+chart&compsyms=&D5=1&DCS=0&MA0=32&MA1=256&CF=2&D7=&D6=&symbol=mrna&n ocookie=1&SZ=0 http://moneycentral.msn.com/investor/invsub/results/hilite.asp?symbol=mrna http://moneycentral.msn.com/news/ticker/sigdev.aspx?Symbol=MRNA If any of these 3 Wall Street links fails to connect you to the desired web page, it would probably be because a tracking cookie is required for access and only my computer has been infected with the necessary tracking cookie.
- By rmchavin
- Posted June 21, 2009 at 10:47 pm
- Report post
Here are 2 more free Wall Street links: http://bigcharts.marketwatch.com/interchart/interchart.asp?symb=mrna&draw.x =42&draw.y=17# http://online.wsj.com/public/quotes/main.html?symbol_or_name=mrna&sym_name_ switch=symbol&type=usst http://www.decisionpoint.com/ChartSpotliteFiles/ChartSpotMenu.html
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