FDA Diabetes Drug Review Slowed by Snow

2/25/10Follow @xconomy

San Diego-based Amylin Pharmaceuticals (NASDAQ: AMLN), along with partners Eli Lilly and Waltham, MA-based Alkermes (NASDAQ: ALKS), said today that the FDA deadline for reviewing a once-weekly injectable diabetes drug has been pushed back one week, to March 12, because of the mid-Atlantic snowstorm earlier this month. If approved, analysts expect the drug, exenatide once-weekly, will become a blockbuster seller as the first diabetes treatment that can be taken with less frequent, once-weekly injections.

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