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Biotech Stocks Facing FDA Decision In February

AMAG Pharmaceuticals
AMAG Pharmaceuticals

On February 14, 2018, the FDA will announce its decision on whether or not to approve AMAG Pharmaceuticals Inc.’s (AMAG) Makena subcutaneous auto-injector, a drug-device combination product.

Makena is an FDA-approved hormone medicine (progestin) prescribed to lower the risk of having a preterm baby in women pregnant with a single baby and who spontaneously delivered one preterm baby in the past. Currently, it is available as intramuscular injection formulation. Makena is a weekly injection.

AMAG developed the Makena auto-injector with its device partner Antares Pharma Inc. (ATRS).

AMAG closed Thursday’s (Jan.25) trading at $14.65, up 2.09%.