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Advanced Magnetics gets FDA approval for Feridex

US company Advanced Magnetics has been granted FDA approval for Feridex IV, its MRI contrast agent for liver lesions. Advanced Magnetics will receive a $5 million milestone payment from Schering subsidiary Berlex. The latter will begin distributing the product in the US within the next few months. Advanced Magnetics says Feridex IV is the first organ-specific MRI contrast agent to be marketed in the US.

US company Advanced Magnetics has been granted FDA approval for Feridex IV, its MRI contrast agent for liver lesions. Advanced Magnetics will receive a $5 million milestone payment from Schering subsidiary Berlex. The latter will begin distributing the product in the US within the next few months. Advanced Magnetics says Feridex IV is the first organ-specific MRI contrast agent to be marketed in the US.

Feridex IV was evaluated in 2,240 patients in the US, Japan and Europe. The rate of adverse events was 8.8%,...

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