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Intermezzo approval not the end of Transcept thriller

Date November 24, 2011

For Transcept Pharmaceuticals, FDA approval of its middle-of-the-night insomnia pill is not the end of the story. The final twist in their thriller is a decision by partner Purdue Pharma due by December 8 on whether to commercialise Intermezzo in the US or hand the rights back.

After watching its $30m approval milestone dribble away following two FDA rejections, executives will be anxious for the credits to roll on this unexpectedly long saga with everyone living happily ever after. A negative decision from Purdue would put Transcept in the unenviable position of having to find a new marketing partner for a sleeping pill that has faced multiple safety questions on its path to market (Intermezzo disappointment another rude awakening for Transcept, July 13, 2011).

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