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Biotech Stocks Facing FDA Decision In July

Medicure Inc
Medicure Inc

Medicure Inc.’s (MPH.V) (MCUJF.OB) supplemental New Drug Application for Aggrastat to include the treatment of patients presenting with ST segment elevation myocardial infarction (*STEMI) intended for percutaneous coronary intervention is under FDA review – with a decision slated for July 10, 2016.

Aggrastat is already approved by the FDA to reduce the rate of thrombotic cardiovascular events in patients with non-ST elevation acute coronary syndrome.

The annual net revenue from the sale of Aggrastat finished product was $22.1 million in 2015, up from $8.4 million in 2014.

If approved for STEMI, Aggrastat would be the first in its class of Glycoprotein IIb/IIIa Inhibitors (GPI) to receive such a label in the United States.

* A STEMI is the most serious type of heart attack.