Now that NPS Pharmaceuticals Inc.’s first drug, the short bowel syndrome treatment Gattex (teduglutide), has been approved by FDA, the company is focused on making the product a commercial success in the ultra-orphan drug market. Gattex was approved by FDA Dec. 21, one week ahead of the PDUFA date, marking NPS’ long awaited transition from R&D boutique to commercial biopharma.
During a conference call Jan. 2 outlining the commercial launch strategy, management said it would price Gattex at $295,000 per...