January 10, 2013 at 14:16 PM EST
Teva Aims to Derail Approval of Biogen Idec's MS Pill
Can Biogen Idec’s (NASDAQ:BIIB) promising multiple sclerosis pill be derailed -- or at least delayed -- by a rival drug maker? The big Israeli drug company Teva Pharmaceutical Industries (NYSE:TEVA) petitioned the US Food and Drug Administration to hold off on approving Biogen’s experimental MS drug known as BG-12 until medical experts can convene to review the safety of the treatment. The FDA is scheduled to make an approval decision on BG-12 by the end of March. Teva which sells the MS drug Copaxone says in its “citizen petition” to the FDA that “it is especially important for the ...
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