UPDATE 1-Neurocrine gets U.S. approval for Parkinson's therapy, COVID-19 delays launch [Reuters]
Merck & Company, Inc. (new) (MRK)
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Source: Reuters
UPDATE 1-Neurocrine gets U.S. approval for Parkinson's therapy, COVID-19 delays launch (Adds details on pricing, comment from company, background) By Dania Nadeem April 27 (Reuters) - Neurocrine Biosciences Inc’s said on Monday its add-on treatment for patients with Parkinson’s disease had received U.S. approval, but would delay launch until later this year due to disruptions caused by the COVID-19 pandemic. As the virus outbreak prompts social distancing and forces hospitals to cancel unnecessary visits, including that from drug sales personnel, operations of pharmaceutical companies are getting disrupted, including launches. “This is not an appropriate time to launch the drug into the neurology community,” Neurocrine Chief Executive Officer Kevin Gorman told Reuters ahead of the announcement of the drug’s approval by the U.S. Food and Drug Administration. A month’s supply of the drug, Ongentys, would have a list price below $670, around the range of other similar drugs in the market
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