Business

 

U.S. Food and Drug Administration Approved 30% More Drugs in 2012 Research Driven Investing Provides Stocks Research on Athersys and Rexahn Pharmaceuticals



© Marketwire 2013
12.02.2013 16:07:09 -

(live-PR.com) - NEW YORK, NY -- (Marketwire) -- 02/12/13 -- A sharp increase in drug approvals and mergers and acquisitions combined to create a bull market for the Biotechnology Industry in 2012. The iShares NASDAQ Biotechnology Index (IBB), the SPDR S&P Biotech ETF (XBI) and the First Trust Amex Biotechnology Index ETF (FBT) have all gained over 20 percent in the past year, outperforming the broader markets by a good margin. Research Driven Investing examines investing opportunities in the Biotech Industry and provides equity research on Athersys, Inc. (NASDAQ: ATHX) and Rexahn Pharmaceuticals, Inc. (NYSE: RNN).





Access to the full company reports can be found at:



www.RDInvesting.com/ATHX : http://ctt.marketwire.com/?release=984566&id=2602198&type=1&url=http%3a%2f%2fwww.rdinvesting.com%2fATHX



www.RDInvesting.com/RNN : http://ctt.marketwire.com/?release=984566&id=2602201&type=1&url=http%3a%2f%2fwww.rdinvesting.com%2fRNN



Bloomberg recently reported drug approvals by the U.S. Food and Drug Administration reached a 15 year high in 2012. The FDA approved a total of 39 novel medicines last year, an increase of 30 percent when compared to a year ago. Oncology drugs lead the way with 11 new drugs approved last year. Over the last ten years the number of FDA approvals had averaged roughly 23 a year. The passage of the Prescription Drug User Fee Act (PDUFA) played a major role in the sharp increase in approvals.



The PDUFA "has provided critical resources for improving the quality and timeliness of premarket review of drugs," said FDA spokeswoman, Sandy Walsh. "These accomplishments could not have been achieved without the innovations of the biopharmaceutical industry and the dedication and skill of FDA's drug review staff."



Research Driven Investing releases regular market updates on the Biotech 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.RDInvesting.com : http://ctt.marketwire.com/?release=984566&id=2602204&type=1&url=http%3a%2f%2fwww.rdinvesting.com%2f and get exclusive access to our numerous stock reports and industry newsletters.



Athersys is developing a patented and proprietary non-embryonic stem cell therapy called MultiStem for the treatment of cardiovascular disease, neurological conditions, and inflammatory and immune conditions, as well as certain other potential applications. In addition, the company is developing novel pharmaceuticals to treat indications such as obesity, and related metabolic conditions such as diabetes.



Rexahn Pharmaceuticals is a clinical stage pharmaceutical company dedicated to developing and commercializing first in class and market leading therapeutics for cancer and other unmet medical needs. Rexahn currently has three key oncology drug candidates in clinical stages, Archexin, RX-3117, and RX-5902 and a robust pipeline of preclinical compounds to treat multiple cancers.



Research Driven Investing has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:



http://www.rdinvesting.com/disclaimer : http://ctt.marketwire.com/?release=984566&id=2602207&type=1&url=http%3a%2f%2fwww.rdinvesting.com%2fdisclaimer



Add to Digg : http://digg.com/submit?phase=2&url=http://www2.marketwire.com/mw/release_html_b1?release_id=984566 Bookmark with del.icio.us : http://del.icio.us/post?v=4&noui&jump=close&url=http://www2.marketwire.com/mw/release_html_b1?release_id=984566 Add to Newsvine : http://www.newsvine.com/_tools/seed&save?u=http://www2.marketwire.com/mw/release_html_b1?release_id=984566



 

Disclaimer: (c) 2014 Market Wire. All of the press releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Market Wire's, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
refer this article
Print This Article