Volume 4, Number
4
|
April 2008
|
Contents: | ||||
WELCOME | ||||
THE LATEST PUBLISHED RESEARCH | ||||
NOTEWORTHY: NOVARTIS PLANS TO ACQUIRE STAKE IN ALCON; OPKO EARNS ADDITIONAL PATENT FOR VEGF-TARGETING SIRNAS; AND OTHER ITEMS OF INTEREST |
THE LATEST PUBLISHED RESEARCH Incidence of Acute Endophthalmitis after Intravitreal Bevacizumab Risk Factors for High IOP after Treatment with Triamcinolone Primary vs. Secondary Treatment with Triamcinolone for Macular Edema Due to BRVO Macular Edema Detection with FA and OCT -- Alone and Together Safety and Efficacy of a Second Sustained-Released Fluocinolone Implant Effects of the LOC387715 Polymorphism and Other Factors on AMD Risk Further Study of Phacoemulsification and AMD Progression |
|
NOTEWORTHY: NOVARTIS PLANS TO ACQUIRE STAKE IN ALCON; OPKO EARNS ADDITIONAL PATENT FOR VEGF-TARGETING SIRNAS; AND OTHER ITEMS OF INTEREST Novartis Plans to Acquire Stake in Alcon Nestle S.A. and Novartis AG announced an agreement under which Nestle will sell 74 million of its shares of Alcon Inc. common stock to Novartis in a cash transaction priced at $143.18 per share (approximately $11 billion). Novartis would then own a 25 percent minority stake in Alcon, while Nestle would remain Alcon's majority shareholder with approximately 52 percent of outstanding shares. The agreement also outlines an optional second step in which Novartis has exclusive right to acquire Nestlé's remaining 52 percent for a fixed price of $181 per share (approximately $28 billion). The agreement also provides for the expansion of the Alcon board of directors from eight to ten members, with one of the additional members designated by Nestle and one designated by Novartis. The nominees for the additional board seats are James Singh, Nestle's executive vice president and chief financial officer, and Daniel Vasella, M.D., chairman and chief executive officer of Novartis. The transaction is subject to regulatory approvals. Source: Nestle S.A., April 2008. OPKO Earns Additional Patent for VEGF-Targeting siRNAs OPKO Health has been issued a key patent by the U.S. Patent and Trademark Office for methods related to the use and administration of small interfering RNAs (siRNAs) for targeting vascular endothelial growth factor, including bevasiranib, which is currently in Phase III trials for the treatment of wet AMD. Bevasiranib is designed to silence the genes that produce VEGF. It is the first such therapy to advance to Phase III clinical trials. The patent covers a broad range of methods for use of a specific sequence of siRNA. This is the company's second patent related to bevasiranib. For more information about the COBALT trial, visit opko.com/clinicaltrials. Source: OPKO Health, March 2008. OTI Receives FDA Warning Letter for Manufacturing Facilities According to the latest Annual Report filed by Opko Health with the U.S. Securities and Exchange Commission, the FDA has issued a warning letter pertaining to the manufacturing facilities of Ophthalmic Technologies Inc. (OTI). Opko acquired OTI in November 2007. OTI has an instrumentation manufacturing facility in Toronto, Canada, which predominantly performs high level assembly. Some of OTI's components and optical subsystems are produced by subcontracted vendors that specialize in optical device manufacturing. On March 25, OTI received a warning letter in connection with FDA inspections of its facilities conducted in 2007. The letter cited several deficiencies in quality, record keeping and reporting systems relating to OTI products, including the OTI Scan 1000, OTI Scan 2000 and OTI OCT/SLO combination imaging system. Based on the observations noted in the warning letter, OTI is not currently in compliance with cGMP. The FDA indicated that it has issued an Import Alert and may refuse admission of these products. As a result, the company will not be permitted to sell these devices in the United States, and the pre-market approval application for the OCT/SLO product will be delayed until the violations have been corrected. The Annual Report also stated that Opko plans to cooperate fully with the FDA and began to take corrective action upon receipt of the warning letter to remedy the deficiencies and implement updated and improved quality systems and concepts throughout the OTI organization. Source: Opko Health Annual Report (Form 10-K filed March 31 for the period ending Dec. 31, 2007). DSMB Says FAME Trials Can Continue as Planned An independent Data Safety Monitoring Board has recommended that two pivotal Phase III clinical trials evaluating a fluocinolone-releasing ocular implant (Medidur) for the treatment of diabetic macular edema continue as planned. The studies, known collectively as FAME, are duplicate, double-masked, randomized, multicenter trials following 956 patients in the United States, Canada, Europe and India for 36 months. Enrollment was completed in October 2007; safety and efficacy will be assessed after two years of follow-up. The technology underlying Medidur for diabetic macular edema is licensed to Alimera Sciences. Source: pSivida Limited, March 2008. |
|
This promotional message was sent to you directly by Jobson Professional Publications as part of its continuing mission to keep the eyecare profession informed. If you do not want to receive this type of information in the future, click here. Jobson Professional Publications never releases its e-mail list. |