Aegerion stock trades halted as FDA reviews drug

Written By Unknown on Rabu, 17 Oktober 2012 | 23.14

Cambridge-based biopharmaceutical company Aegerion Pharmaceuticals Inc. said the Nasdaq has halted trading of the company's common stock today as a U.S. Food and Drug Administration Advisory panel meets to discuss its new drug application for its lead candidate, lomitapide.

Aegerion said it is seeking FDA marketing approval of lomitapide as an adjunct to a low-fat diet and other lipid-lowering therapies to reduce cholesterol in adult patients with homozygous familial hypercholesterolemia, a rare life-threatening disease characterized by severely elevated cholesterol levels.

The FDA has assigned a Prescription Drug User Free Act action date of Dec. 29 for completion of its review of the NDA for lomitapide, Aegerion said.


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