Briefing: Leading Pharma Companies to Watch in Today's Market Session
CORAL SPRINGS, Florida, February 5, 2013 /PRNewswire/ --
FinancialNewsMedia.com "Active Health Stocks to Watch" for today: Crown Marketing Pharmaceuticals (CWNM), Keryx Biopharmaceuticals Inc. (NASDAQ: KERX), Rexahn Pharmaceuticals, Inc. (NYSE: RNN), Amarin Corporation (NASDAQ: AMRN).
Headline News Summary: Crown Marketing Pharmaceuticals (CWNM) announced today that Patents for its Controlled Drug Delivery Technology (CDDT) have been approved and registered in Norway. Crown is continuing to secure its worldwide patent rights as it pursues novel applications of its drug delivery technology. Crown's cost-effective application of controlled delivery technologies plays a major role in the expansion of the pharmaceutical, OTC and nutraceuticals industry through its ability to improve on the performance of immediate release products in a manner tangible to manufacturers and consumers. The objective of intelligent drug delivery design amounts to maximizing the percent of the time drug plasma levels are within the therapeutic range and avoiding patient exposure to potentially toxic (High) or sub-therapeutic (Low) levels. For more details regarding Crown's CDDT applications, go to http://crowncddt.com/technology/
Another major pharmaceutical company catching attention in the markets today was Keryx Biopharmaceuticals Inc. (NASDAQ: KERX) as questions arose regarding the company's ability to convince the FDA to grant New Chemical Entity status to KERX's experimental iron-based phosphate binder Zerenex. Keryx intends to seek U.S. and European approval for Zerenex, which would be used to lower blood levels of phosphorous in patients undergoing kidney dialysis. Zerenex may have a commercial advantage over other so-called phosphate binders because its iron-based core appears to reduce the need for intravenous iron and expensive anemia-boosting drugs like Amgen Inc.'s (NASDAQ: AMGN) Epogen. Epogen is used to treat a lower than normal number of red blood cells (anemia) caused by chronic kidney disease in patients on dialysis to lessen the need for red blood cell transfusions.
In other patent related news, Amarin Corporation (NASDAQ: AMRN) announced recently that the United States Patent and Trademark Office (USPTO) has published notification of a Notice of Allowance for Amarin's U.S. Patent Application Serial Number 13/272,520 titled "Compositions and Methods for Lowering Triglycerides." This application includes claims intended to protect the proposed Vascepa (icosapent ethyl) indication based on Amarin's Phase 3 ANCHOR clinical trial results. Amarin is on track to file a Supplemental New Drug Application for the Vascepa ANCHOR indication with the U.S. Food and Drug Administration (FDA) by the end of February 2013, and expects an FDA action date on the application before the end of 2013. AMRN closed up ever so slightly yesterday at $8.52 per share on over 3.45Million shares. Rexahn Pharmaceuticals, Inc. (NYSE: RNN) closed up 12% on 6.76Million shares traded. RNN is a clinical stage pharmaceutical company dedicated to developing and commercializing first in class and market leading therapeutics for cancer and other unmet medical needs. Rexahn currently has three key oncology drug candidates in clinical stages, Archexin(R), RX-3117, and RX-5902 and a robust pipeline of preclinical compounds to treat multiple cancers. Rexahn also operates key R&D programs of nano-medicines, 3D-GOLD, and TIMES drug discovery platforms.
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