Monday, October 21, 2013

Actelion hits six-year high after favorable FDA approval for drug

A general view shows Swiss biotech group Actelion Headquarters in Allschwil ZURICH (Reuters) - Shares in Swiss group Actelion climbed more than five percent to their highest since late 2007 on Monday on optimism it has a viable product to secure sales and profit after U.S. approval for a new heart and lung drug with a favorable label. The Food and Drug Administration approved the Swiss biotech company's pulmonary arterial hypertension (PAH) drug Opsumit late on Friday and, notably, did not impose a black box warning requiring ongoing mandatory liver testing. ...








via Health News Headlines - Yahoo! News http://news.yahoo.com/actelion-hits-six-high-favorable-fda-approval-drug-085522857--finance.html

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