FDA Okays New J&J Hepatitis C Drug for Safety and 2 Other Dow Movers to Watch
Johnson & Johnson (NYSE:JNJ): Current price $92.14
On Tuesday, FDA reviewers said that Johnson & Johnson’s new hepatitis C drug indicated an acceptable safety profile in clinical trials. The drug, simeprevir, was evaluated in combination with standard hepatitis C drugs, peginterferon-alpha, and ribavirin in adult patients who had failed prior interferon-based therapy or had not received any medication. The reviewers announced that the drug would be categorized as a “Pregnancy Category C” in labeling, meaning that the potential benefits of the drug may indicate its use for pregnant women, even though animal trials showed the drug had a few adverse effects on a fetus.