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Avanir Pharmaceuticals is Added to Watch List.

Publication: M2 Presswire
Publication Date: 28-FEB-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-28 February 2007-Biotech News: Avanir Pharmaceuticals is Added to Watch List(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:28022007

AVANIR Pharmaceuticals is one sore company. The firm developed Abreva, an OTC, FDA-approved treatment for cold sores. GlaxoSmithKline has licensed the cream, manufacturing and selling it in the US. Through its own R&D work and by licensing compounds from other companies, AVANIR has built a pipeline that includes drug candidates to treat high cholesterol, inflammatory diseases, and allergies and asthma by regulating the IgE antibody. Lead drug candidate Neurodex may treat pseudobulbar affect, the pathological crying or laughing experienced by some people with such neurological disorders as Lou Gehrig's disease, multiple sclerosis, or Alzheimer's disease. Neurodex is also in trials for diabetic neuropathic pain.

Shares were down 13% seeking regulatory approval for lower dosage of Zenvia.

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