WuXi AppTec recruits new CMO; Embattled Alkermes makes case for expanded use of schizophrenia drug Aristada
→ China’s WuXi AppTec has recruited Frederick Hausheer as its chief medical officer. That gives him a global operational role with their clinical operations in the US, China and around the globe. The 30-year vet founded BioNumerik Pharmaceuticals, worked at the NCI and has been on faculty at Johns Hopkins.
→ A troubled Alkermes $ALKS is touting new trial data this morning demonstrating that its schizophrenia drug Aristada given once every 2 months was equal to Invega Sustenna on a once-monthly dose in controlling symptoms of the disease. The 6-month study started treatment after an acute incidence followed by their transition back to the community. The biotech is hoping to expand its revenue against the leader in the field. Alkermes recently was batted back by the FDA after trying to gain an approval for their new depression drug, which inflicted severe damage on their stock price.
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