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Biotech Stocks Facing FDA Decision In April 2024

Basilea Pharmaceutica AG
Basilea Pharmaceutica AG

Basilea Pharmaceutica AG (BPMUF.OB) has sought FDA approval for its antibiotic Ceftobiprole and a decision is due on April 3, 2024.

Ceftobiprole is proposed for three indications in the U.S. - staphylococcus aureus bacteremia (SAB), acute bacterial skin and skin structure infections (ABSSSI), and community-acquired bacterial pneumonia.

The drug is currently approved and sold under the names Zevtera and Mabelio in various European countries and other regions for the treatment of adult patients with hospital-acquired bacterial pneumonia (HABP), excluding ventilator-associated bacterial pneumonia (VABP), and for the treatment of community-acquired bacterial pneumonia (CABP).

BPMUF.OB is currently (Mar.28, 2024) trading at $40.75.