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Onyx on a roll with multiple myeloma drug, wins US FDA fast track

 
• By Donna Young

Onyx Pharmaceuticals initiated a rolling submission to the US FDA of a new drug application (NDA) for the firm's next-generation proteasome inhibitor carfilzomib after the agency granted fast-track designation to the experimental compound. This puts the firm in line for a potential approval before the end of the year.

Onyx Pharmaceuticals initiated a rolling submission to the US FDA of a new drug application (NDA) for the firm's next-generation proteasome inhibitor carfilzomib after the agency granted fast-track designation to the experimental compound. This puts the firm in line for a potential approval before the end of the year.

Investors, however, barely took notice, with shares of the Emeryville, California-based biotech gaining only 78 cents, or about 2.3%, to...

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