One Loss, One Tie: US FDA Panels Prove Difficult For Opioid Sponsors Intellipharmaceutics, Esteve
Advisory committee votes 24-2 against approval of Intellipharmaceutics’ Aximris XR due to concerns the extended-release oxycodone formulation may be more susceptible to intranasal abuse than existing products; Esteve fares better with its tramadol/celecoxib combination, securing a tie vote on approval for acute pain.
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After a COVID-19-led manufacturing halt at its India facility and a slowdown in US launches hit Strides during the first quarter of FY22, the Indian firm is trying to fight back with an acquisition of assets from Endo and a growth strategy for Stelis Biopharma’s vaccines business, led by Sputnik V.
Intellipharmaceutics has cautioned over its financial future after the firm’s Aximris XR abuse-deterrent oxycodone hydrochloride extended-release tablets were rejected by an FDA committee earlier this year. The company has reported a net loss of $1.7m for the first quarter of 2020, as it looks for a new chief financial officer.
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