PPD Inc.'s (PPDI) Takeda Pharma Receives FDA Complete Response for Alogiptin

June 29, 2009 9:25 AM EDT

PPD, Inc. (NASDAQ: PPDI) today announced that Takeda Pharmaceutical Company Limited issued a news release reporting that Takeda Global Research & Development Center, Inc., its wholly-owned U.S. subsidiary, has received a complete response letter from the U.S. FDA regarding its new drug application for alogliptin.

PPD is partnering with Takeda to develop alogliptin, a selective dipeptidyl peptidase IV (DPP-4) inhibitor under investigation for the treatment of type 2 diabetes as an adjunct to diet and exercise.

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