FDA Approves The Medicines Company’s New Antibacterial Drug

FDA Approves The Medicines Company’s New Antibacterial Drug

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The FDA has announced it has approved The Medicine Company's (MDCO) new kidney/UTI infection drug, Vabomere, and the stock has surged in after hours trading. 

"The safety and efficacy of Vabomere were evaluated in a clinical trial with 545 adults with cUTI, including those with pyelonephritis. At the end of the intravenous treatment with Vabomere, approximately 98 percent of patients treated with Vabomere, compared with approximately 94 percent of patients treated with piperacillin/tazobactam, another antibacterial drug, had cure/improvement in symptoms and a negative urine culture test." the press report outlines. 

Approval was granted to a subsidiary of The Medicines Company, Rempex Pharmaceuticals, which was acquired in 2013. 

You can read the full press release here. At the time of publication MDCO shares were at $39.62. 

 

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