Eli Lilly and Company Announces Approvable Letter Issued by FDA and Pfizer Wins Lawsuit

Pharmaceuticals Instruments industry news provided by Financial News USA (OTC: FNWU). Eli Lilly and Company (NYSE:LLY) announced recently that it received an approvable letter from the U.S. Food and Drug Administration (FDA) for ruboxistaurin mesylate (proposed trade name Arxxant(TM), pronounced, ark-ZONT), its investigational oral therapy being studied for treatment of diabetic retinopathy (DR), a diabetic eye disease. Arxxant is an investigational therapy for the treatment of moderate to severe non-proliferative diabetic retinopathy. At the suggestion of CytoDyn, Inc. (OTCBB:CYDY), Joe Trujillo, a senior field representative for U.S. Senator Pete Domenici (R-NM), spent a portion of his summer vacation at the XVI World AIDS Conference held in Toronto from August 12 through August 16, 2006. Trujillo met with several of the U.S. citizens who continue to suffer from the cancers, opportunistic infections, and other medical conditions that characterize AIDS despite much progress in treating the disease.

Drug maker Pfizer Inc. (NYSE:PFE) said Thursday a federal jury ruled it did not infringe on a U.S. patent owned by Synthon IP covering a process used to make the active ingredient in a hypertension drug. The jury in federal court in the Eastern District of Virginia ruled unanimously in favor of Pfizer, the company said. The dispute focused on Synthon's patent for amlodipine, the active ingredient in Pfizer's hypertension drug Norvasc. Schering-Plough Corporation (NYSE: SGP) announced recently clarification on its question regarding the expiration date for its rights to market golimumab worldwide, excluding the United States, Japan and certain other Asian markets. As announced in August 2005, Schering-Plough and Centocor, Inc. stated that they were working together to move forward with their collaboration on golimumab and were taking steps to resolve the difference of opinion as to the expiration date.

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