Alkermes (ALKS), Amylin (AMLN) Halted, Could Be Related to Bydureon Decision by FDA

January 27, 2012 2:00 PM EST
Alkermes plc (Nasdaq: ALKS) and Amylin Pharmaceuticals (Nasdaq: AMLN) have been halted. The reasoning might be an FDA decision on Type 2 diabetes drug Bydureon. Tomorrow is the PDUFA for Bydureon.

The drug was confirmed on January 12th by the U.K.'s health-care cost-effectiveness body.

Eli Lilly (NYSE: LLY) is also part of the development of Bydureon.


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