Forbes, Novartis deal
This article was originally published in The Tan Sheet
Executive SummaryForbes Medi-Tech, Novartis plan to close a deal in the "very near future" resolving conflict over Master License Agreement, Forbes President & CEO Charles Butt says in Q1 conference call May 31. Firms had "very productive" meeting in May to resolve disagreement over 1999 MLA; Forbes had claimed Novartis failed to comply with MLA, said it would not pay $4 mil. to buy back Reducol rights (1"The Tan Sheet" March 25, 2002, In Brief). Butt also says Vancouver-based firm has "no immediate plans" to sell off its nutraceuticals, functional food business. In May 30 release, Forbes notes it needs "additional debt or equity financing by September 30, 2002 to meet its planned expenditures"...
You may also be interested in...
Attorneys say Sarepta did not have an obligation to report its appeal, particularly since winning a formal dispute filing with the US FDA is a long shot.
Sarepta’s Vyondys: Renal Toxicity Concerns That Delayed Approval Get Enhanced Postmarketing Scrutiny, Label Warning
Sarepta must perform enhanced pharmacovigilance for serious renal toxicity events and rhabdomyolysis with the Duchenne muscular dystrophy drug, which carries a label warning for renal toxicity. Approval letter includes 2024 target completion date for ESSENCE confirmatory trial.