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Stock Market & Financial Investment News

News Breaks
August 21, 2014
10:02 EDTSPPISpectrum weakness attributed to FDA comment on Fusilev generics
The move lower in shares of Spectrum is being attributed to circulation of a Department of Health and Human Services document which states the FDA will be able to approve abbreviated new drug applications for levoleucovorin calcium, the trade name of Spectrum's Fusilev. Shares of Spectrum are down 4%, or 33c, to $7.42. Reference Link
News For SPPI From The Last 14 Days
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March 30, 2015
07:04 EDTSPPISpectrum presents new data on Evomela
Spectrum Pharmaceuticals announced results of a clinical study of the stability of Captisol-enabled Melphalan versus the currently marketed, propylene glycol-containing melphalan formulation entitled, Solution Stability of Captisol-enabled Melphalan vs Marketed Melphalan Products. These results were presented in an oral presentation at the annual American Pharmacists Association Annual Meeting & Exposition in San Diego, California.“The improved stability of EVOMELA may potentially ensure that cancer patients receive the full, intended therapeutic dose of intravenous melphalan, by increasing the use time and infusion time, and simplifying clinical administration logistics,” said Rajesh C. Shrotriya, MD, Chairman and Chief Executive Officer of Spectrum Pharmaceuticals. “EVOMELA is a new injectable formulation of melphalan that incorporates the Captisol brand of modified β-cyclodextrin improving the solubility and stability of melphalan. It also uses a standard aqueous diluent for reconstitution, instead of propylene glycol, which is associated with toxicities including renal dysfunction and arrhythmias. We look forward to launching EVOMELA with our existing sales force later this year and providing this new treatment option to cancer patients.”

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