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Amylin, Alkermes sink on diabetes drug setback

BOSTON (MarketWatch) -- Shares of partners Amylin Pharmaceuticals and Alkermes Inc. spiraled downward early Tuesday on news that U.S. regulators might require the companies to conduct another study for their long-acting diabetes product exenatide LAR. According to Alkermes, the Food and Drug Administration has determined that batches of the product produced at Amylin's commercial...

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Biotech Stocks: Drug stocks mixed; Amylin, Alkermes tumble

Drug stocks were mixed in early trading Tuesday, while shares of partners Amylin Pharmaceuticals and Alkermes Inc. tumbled on news that U.S. regulatory approval for their diabetes drug exenatide LAR could be delayed due to filing problems.

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Drug stocks mixed; Amylin, Alkermes tumble on FDA setback

BOSTON (MarketWatch) -- Drug stocks were mixed in early trading Tuesday, while shares of partners Amylin Pharmaceuticals and Alkermes Inc. tumbled on news that U.S. regulatory approval for their diabetes drug exenatide LAR could be delayed due to filing problems. The Amex Pharmaceutical Index inched up marginally to 271.47 as the Amex Biotechnology Index slid 0.8% to 678.90. Shares of...

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Biotech Stocks: Drug stocks slide day after U.S. election

... which is similar to Amylin's popular Byetta, is being co-developed with drug delivery specialist Alkermes Inc. ALKSand Eli Lilly & Co. LLYAlkermes shares, which were also hard hit on Tuesday, were trading largely flat at $9.12. Lilly shares were down nominally at $35.09. Val Brickates Kennedy is a reporter for MarketWatch in Boston.More Biotech Stocks stories12:52 PM 11/4/0811:39...

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Version of Byetta May Face Delay

... by the drug's makers Tuesday morning, sending shares tumbling.At midday, Amylin Pharmaceuticals Inc. traded at $8.50 a share, down 21%. Alkermes Inc., of Cambridge, Mass., traded at $9.11, ... Share: Yahoo! Buzz facebook MySpace LinkedIn Digg del.icio.us NewsVine StumbleUpon Mixx Back To Email Newsletters and AlertsThe latest news and analysis delivered to your in-box. Check...

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Biotech Stocks: Drug stocks, broader market slide on recession fears

... all down at least 2%. In the U.S., several large-cap pharmaceutical makers lost ground. Pfizer Inc. PFE, Merck & Co. MRK, Eli Lilly & Co. LLYand Schering-Plough Corp. SGPwere the notable decliners, all down about 2%. Large- to mid-cap biotech issues also felt the chill. Amylin Pharmaceuticals AMLN, Alkermes Inc. ALKS, Alnylam Pharmaceuticals ALNYand Celera Corp. CRAall fell...