Barr Labs Says FDA Rejects New Cenestin Dosage
The Food and Drug Administration rejected an application submitted by Barr Laboratories (BRL) seeking approval to market a new dosage of Cenestin, an estrogen therapy drug, according to a statement released by the company on Tuesday.
The FDA determined that the application contained insufficient information for approval at this time, according to a press release. "While we are disappointed with the FDA's action, we are committed to offering American women a full line of plant-derived synthetic conjugated estrogen products as they make important decisions regarding estrogen therapy," said Bruce L. Downey, Barr's chairman and chief executive. Barr said it will seek a meeting with the FDA as soon as possible to discuss the application and determine what additional action the company will take. While Cenestin is already approved to treat symptoms associated with menopause at dose levels 0.625 mg, 1.25 mg and 0.9 mg, the company had applied to market a 0.45 mg dose. It also sells a lower dose version of the drug. Following a study conducted by the Women's Health Initiative demonstrating that some hormone therapies increase the risk of heart attack, stroke, breast cancer and deep vein thrombosis, the health care industry recommended that women keep dosage levels of hormone therapy drugs to a minimum. Barr said the FDA's rejection won't affect the marketing of its current products. Shares of Barr Laboratories were down $1.12, or 2%, to $52.18 in afternoon trading.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn MoreETF Profits:
Get money-making ideas from the hottest investment vehicle on the planet. Our experts show you how to play various ETF sectors to help pump-up your portfolio. Learn MoreOptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn MoreReal Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn MoreStocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 12,801.23 | 1,342.64 | 2,903.88 | 19.69 |
Oil *
117.67
|
|
DOWN
89.23 |
DOWN
9.31 |
DOWN
23.35 |
DOWN
0.78 |
10 Yr
1.97%
SPDR Gold
167.14
|
|
-0.69%
|
-0.69%
|
-0.80%
|
-3.81%
|
Data delayed 20 minutes |

Connect with TheStreet