Repros Therapeutics names Joachim F. Wernicke, Ph.D., M.D. Chief Medical Officer Repros has hired Dr. Wernicke as Chief Medical Officer, effective February 5. Dr. Wernicke joined Eli Lilly in 1984. He retired from Eli Lilly in 2012.
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Repros needed unique Androxal label even before ADCOM panel, says Ladenburg Ladenburg said that given the FDA advisory committee's 20 to 1 vote that it believes the FDA will likely revise testosterone replacement therapy labels to restrict their use in hypogonadal patients with clear etiology. However, Ladenburg added that Repros was always going to have to establish a unique label for Androxal and the firm believes that the company's ongoing and completed trials will provide sufficient data for filing and approval by the FDA in secondary hypogonadism. The firm maintains its Buy rating and $35 price target on Repros.
Repros Therapeutics sell-off overdone, says Brean Capital Brean Capital said the selling in Repros Therapeutics is overdone after an FDA panel voted overwhelmingly in support for a more restrictive label that limits the use of TRT drugs to only patients with classic hypogonadism. The firm feels since Androxal has not been targeting age-related hypogonadism it does not deserve to be negatively impacted by yesterday's ruling. Brean Capital maintains its Buy rating on Repros Therapeutics and $41 price target on the shares.