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Thursday, October 17, 2019

Paratek gains on withdrawing Europe application for Nuzyra

Paratek Pharmaceuticals (NASDAQ:PRTK) is up 5.5% postmarket after it announced it’s withdrawn its application to the European Medicines Agency for marketing authorization for Nuzyra (omadacycline).
The EMA is recommending approval of Nuzyra for treating acute bacterial skin and skin structure infections, but not for community-acquired bacterial pneumonia — saying a second study is required for that indication.
The company wants an approval of both indications concurrently, since a 10-year market exclusivity would begin with the first approval.
It plans to resubmit the application after completion of a CABP study already agreed to with the FDA.
https://seekingalpha.com/news/3506762-paratek-plus-5_5-percent-withdrawing-europe-application-nuzyra

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