Thursday, March 25, 2010

SLXP - Salix Pharmaceuticals Ltd. Gets FDA Approval For XIFAXAN®


SLXP - Salix Pharmaceuticals Ltd. Gets FDA Approval For XIFAXAN®

RALEIGH, N.C.--(BUSINESS WIRE)--Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP) today announced the U.S. Food and Drug Administration (FDA) has granted marketing approval for XIFAXAN® (rifaximin) 550 mg tablets for reduction in risk of overt hepatic encephalopathy (HE) recurrence in patients 18 years of age or older.

HE is a serious disorder caused by chronic liver failure, resulting in cognitive, psychiatric and motor impairments. This approval was supported by findings from the largest randomized trial of maintenance therapy in HE conducted to date, which assessed the efficacy and safety of XIFAXAN 550 mg tablets and demonstrated a statistically significant and clinically meaningful reduction in the risk of overt HE recurrence.ii The labeling for XIFAXAN 550 mg tablets includes data on both the risk reduction of overt HE recurrence as well as risk reduction of HE-related hospitalization.

http://finance.yahoo.com/news/FDA-Approves-XIFAXAN-550-MG-bw-3571437432.html?x=0&.v=1

This is a live intraday chart:



Here is a quote page that shows the Outstanding Shares, the Float, Average Daily Volume, all of which are very reasonable numbers for the sector this company is in:



Here is a chart showing last night's and this morning's Extended Hours Sessions:



Here is a daily chart that shows SLXP closed at $33.52 and it opened today's regular session at $36.15 with a high of the day at $38.00 even: