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Headline
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Event - Transcept hoping for a dream approval
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Source
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EP Vantage
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Company
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Transcept Pharmaceuticals, Alexza Pharmaceuticals, Orexo, Purdue Pharma, Somaxon Pharmaceuticals |
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Date
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October 22, 2009
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With the PDUFA date for its lead product on October 30, hopefully Transcept Pharmaceuticals’ management team will not be experiencing too many wakeful nights over the prospects for the approval for their sleep disorder drug, Intermezzo.
Unlike the majority of sleep aids currently on the market, which focus on trying to get insomniacs to sleep, Intermezzo targets people who have no trouble falling asleep, but suffer from nocturnal waking. At present there are no approved products for this specialist indication, making it a very attractive niche opportunity. Zacks investment research has placed a $500m peak sale value on the drug and estimates royalties to Transcept of $97m by 2014.
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EP Vantage SM
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©2010 EP Vantage Ltd
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