Omrix Jumps on FDA Nod
The Food and Drug administration approved Omrix Biopharmaceutical's (OMRI) Evithrom, a protein used to control bleeding during surgery, making it the first human thrombin product cleared since 1954.
The blood-clotting protein is indicated as an aid to stop oozing and minor bleeding from capillaries and small veins when standard surgical techniques are ineffective or impractical. Evithrom will be distributed by Johnson & Johnson (JNJ). The FDA made the announcement on its Web site.
The approval was timely for Omrix, beating competitor ZymoGenetics (ZGEN), which said last week that the FDA would take longer to review its competing thrombin agent.
"The approval of Evithrom offers an important additional option for surgeons and their patients to help control surgical bleeding," said Jesse Goodman, director of the FDA's Center for Biologics Evaluation and Research in an agency release. "Surgeons will now be able to choose between human thrombin and thrombin derived from cattle plasma."Shares of Omrix rose $2.38, or 8.9%, to $31.60, while ZymoGenetics gave up 67 cents, or 5.5%, to $11.52.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV