Dallas 10/4/2010 10:15:33 PM
News / Business

Stock Movers on FDA Decision (ENZ, DVAX, VITA, CLSN)

Stock Movers on FDA Decision

Enzo Biochem, Inc. (NYSE: ENZ) announced that their Enzo Therapeutics division is initiating a clinical trial of Optiquel. The decision comes after the filing of an investigational new drug application with the U.S. FDA.

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Optiquel has been awarded orphan drug status in the European Union and a similar designation may be applied for in the US.

Optiquel is an oral therapeutic for chronic non-infectious uveitis.

Dynavax Technologies Corp. (Nasdaq: DVAX) reported that its novel hepatitis B vaccine candidate, HEPLISAV, given as two doses over four weeks demonstrated superior seroprotection in persons with diabetes mellitus compared to Engerix-B given as three doses over 24 weeks.

The data was presented in an abstract on the website of the 61st Annual Meeting of the American Association for the Study of Liver Diseases (AASLD).

Orthovita, Inc. (Nasdaq: VITA) announced that they have received 501(k) clearance for marketing of VITOMATRIX Bone Graft Substitute by the U.S. FDA. The clearance was given for the use of VITOMATRIX in certain dental procedures.

Orthovita is evaluating potential commercial partners to distribute the product or license its underlying technology.

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Celsion Corporation (Nasdaq: CLSN) announced that they have reached an agreement with the U.S. Food and Drug Administration (FDA) that the requirements for non-clinical studies have been met for the New Drug Application (NDA) of ThermoDox.

 The FDA has provided written guidance that the Company is not required to conduct any additional non-clinical pharmacology, safety pharmacology and general toxicology studies assuming the results of current studies are adequate. The results of these current studies will be reviewed at the time of NDA submission.

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