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Teva's Huntington's Rejection May Be Neurocrine's Good Fortune

 
• By Donna Young

Teva Pharmaceutical Industries Ltd.'s bad luck in getting its experimental Huntington's disease drug deutetrabenazine (SD-809) across the FDA's finish line may be Neurocrine Bioscience's good fortune for its investigational agent valbenazine in another indication – tardive dyskinesia, a condition for which both companies are expected to file applications for their respective products in the US.

The FDA's rejection on May 31 of Teva Pharmaceutical Industries Ltd.'s new drug application (NDA) for its experimental Huntington disease drug deutetrabenazine (SD-809) may be Neurocrine Biosciences Inc.'s good fortune in another indication – tardive dyskinesia (TD), a disease for which the two companies may end up competing against each other.

Teva's bad luck had shares of Neurocrine jumping more than 10% on May 31, before closing at $41.65, up $3.46, or 7.5%.

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