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Programs by the FDA Designed to Speed Up Approval Process for Critical Drugs a Key Factor in Biotech's Industry Success Five Star Equities Provides Stock Research on Exelixis and Lexicon Pharmaceuticals



20.03.2013 15:08:01 -

(live-PR.com) -
NEW YORK, NY -- (Marketwire) -- 03/20/13 -- Programs developed by the U.S. Food and Drug Administration to speed up the approval process have been a major driver for growth within the Biotech Industry. In 2012, FDA drug approvals totaled a 15-year high of 39, over the past decade drug approvals have averaged roughly 23 a year, according to a
recent Bloomberg article. Five Star Equities examines the outlook for companies in the Biotechnology Industry and provides equity research on Exelixis, Inc. (NASDAQ: EXEL) and Lexicon Pharmaceuticals, Inc. (NASDAQ: LXRX).



Access to the full company reports can be found at:





www.FiveStarEquities.com/EXEL : http://ctt.marketwire.com/?release=998659&id=2764396&type=1&url=http%3a%2f%2fwww.fivestarequities.com%2fEXEL



www.FiveStarEquities.com/LXRX : http://ctt.marketwire.com/?release=998659&id=2764399&type=1&url=http%3a%2f%2fwww.fivestarequities.com%2fLXRX



The FDA's new "breakthrough" product designation allows new drugs to win approval after just a single round of testing, instead of the usual three. A total of three promising experimental medicines have been assigned the new status so far, while an additional 18 drugs have applied. The new designation follows three other programs -- Fast Track, Priority Review and Accelerated Approval -- each of which were designed to help bring crucial new drugs to market in a shorter amount of time.



"A breakthrough drug is one that may offer important new benefits for patients with serious or life-threatening disease who are especially in need of new safe and effective treatments," said Janet Woodcock, director of FDA's Center for Drug Evaluation and Research.



Five Star Equities releases regular market updates on the Biotechnology Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com : http://ctt.marketwire.com/?release=998659&id=2764402&type=1&url=http%3a%2f%2fwww.fivestarequities.com%2f and get exclusive access to our numerous stock reports and industry newsletters.



Exelixis is a biotechnology company committed to developing small molecule therapies for the treatment of cancer. Exelixis received approval by the FDA to market COMETRIQ in the United States for the treatment of progressive, metastatic MTC in November 2012. The company has selected Swedish Orphan Biovitrum as European distributor of COMETRIQ.



Lexicon Pharmaceuticals' genomics-based approach to drug discovery has enabled our scientists to select drug targets across a broad range of indications with high unmet medical need. The company has advanced new therapies across a wide spectrum of human disease, from conditions affecting millions of people, such as diabetes, to carcinoid syndrome, an orphan cancer indication with few treatment options.



Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:



www.FiveStarEquities.com/disclaimer : http://ctt.marketwire.com/?release=998659&id=2764405&type=1&url=http%3a%2f%2fwww.fivestarequities.com%2fdisclaimer



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