Heron earns a second slapdown from the FDA on pain med — shares wither
Intercept wasn’t the only biotech in line for a drubbing today. In addition to the rejection for NASH, Heron Therapeutics $HRTX put out word this morning that the FDA found its application for the pain drug HTX-011 was wanting, warranting another CRL.
Heron says there was nothing clinical about the slapdown, with no demands for new safety or efficacy data, or even a challenge on CMC — which was what they said was behind the first rejection that arrived for HTX-011 a little more than a year ago. Instead, the biotech reported that the agency had 4 basic concerns about the drug, designed to address post-operative pain.
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