Rochester,NY 6/25/2009 9:18:26 PM
UPDATE 1-Jazz Pharma pain drug meets late-stage study main goal
Jazz Pharmaceuticals, Inc
Morning Mover - JAZZ - UPDATE 1-Jazz Pharma pain drug meets late-stage study main goal - Sourced WhisperFromWallStreet.com
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Jazz Pharmaceuticals, Inc.JAZZ
After Hours: 4.85 1.60 (49.23%) 10:13am ET
Jazz Pharmaceuticals Inc (JAZZ.O) said preliminary data from a second late-stage trial of its experimental pain drug Xyrem, showed that the study met its main goal, sending its shares up 41 percent.
The company, which already markets the drug as a treatment for sleep disorder, said patients treated with Xyrem showed a decrease of 30 percent or more in pain and fatigue.
Jazz said it expects to file for marketing approval of the drug for fibromyalgia with the U.S. health regulator, while its Belgian partner UCB group (UCB.BR) would consult with the European Medicines Agency to define the path forward.
About
Jazz Pharmaceuticals, Inc., a specialty pharmaceutical company, develops and commercializes products for neurology and psychiatry primarily in the United States. The company?s marketed products include Xyrem for the treatment of excessive daytime sleepiness and cataplexy in patients with narcolepsy; and Luvox CR for obsessive compulsive disorder and social anxiety disorder. Its product candidate in Phase III clinical trials comprise JZP-6 for the treatment of fibromyalgia. The company?s other product candidates in clinical development comprises JZP-8, an intranasal formulation of clonazepam for the treatment of recurrent acute repetitive seizures in epilepsy patients who continue to have seizures while on stable anti-epileptic regimens; JZP-4, a controlled release formulation of an anticonvulsant for the treatment of epilepsy and bipolar disorder; and JZP-7 for the treatment of restless legs syndrome. Jazz Pharmaceuticals, Inc. was founded in 2003 and is headquartered in Palo Alto, California.
Last Trade: 5.01
Day's Range: 4.50 - 5.27
52wk Range: 0.52 - 8.95
Volume: 6,462,522
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