Neurocrine Biosciences

Neurocrine Biosciences

Type	Public NASDAQ: NBIX
Industry	Biotechnology
Founded	1992
Headquarters	San Diego, California, U.S.
Key people	Joseph A. Mollica, Chairman Gary A. Lyons, CEO/President
Employees	65 (2010)
Website	www.neurocrine.com

Neurocrine Biosciences NASDAQ: NBIX is a biopharmaceutical company founded in 1992 and located in San Diego, California. The company tooks its name from the original focus on therapies for neurological and endocrine diseases and disorders.

The company endured a significant setback on May 16, 2006 when the Food and Drug Administration (FDA) denied approval for the 15-milligram dose of Indiplon, a medication to treat insomnia. Neurocrine had developed the drug and was seeking to market it with partner, Pfizer. Announcement of the setback led to a 62% drop in stock price. Subsequent disclosures related to attempts to overcome this major setback caused a further drop in the stock by 30% in November 2006.

Lacking approval for Indiplon, the company laid off a 200-member sales force in July, 2006 and 100 employees across all areas of the company on August 7, 2006. It announced a further cut of half the remaining workforce in December 2007, and a fourth quarter loss of $128 million, including a $94 million write-off.^[1]

But recently the company has recovered the long term hope for recovery. All started on the 25th of May, 2010 when the shares jumped nearly 25% after the company announced its drug to treat endometriosis had achieved its main and secondary goals in a study. The drug, called elagolix, reportedly showed statistically significant reductions in dysmenorrhea, or pelvic pain during menstruation as well as painful intercourse. And the shares of the company were up 69 cents to $3.40 on May the 25th trading, hitting a 52-week high of $4.23 early in the trading session.^[2]

But since that the stock has climbed from $4.23 to $6.16 at 25 June, 2010. And the expectatives for NBIX has raised about the elagolix trial success and of the sign for development deal with Boehringer.^[3] and Abbott Laboratories.^[4]

References

1. ^ "Write-Off Swells Neurocrine's 4Q Loss". Associated Press. 2008-02-05. http://money.cnn.com/news/newsfeeds/articles/apwire/449c555bdf80888e2d2b2b9228ea2c18.htm. 
2. ^ "Neurocrine Biosciences Shares Soar on Drug Trial". FOXBusiness. 2010-05-25. http://www.foxbusiness.com/story/markets/industries/health-care/neurocrine-biosciences-shares-soar-drug-trial/. 
3. ^ "Neurocrine signs development deal with Boehringer". AP. 2010-06-17. http://biz.yahoo.com/ap/100617/us_neurocrine_biosciences_contract.html?.v=1. 
4. ^ "Abbott And Neurocrine Ink Endometriosis Drug Deal". forbes.com. 2010-06-16. http://us.rd.yahoo.com/finance/external/forbes/SIG=139b4dhp7/*http%3A//www.forbes.com/2010/06/16/abbott-neurocrine-partner-on-endometriosis-drug-marketnewsvideo.html?partner=yahootix. 

This article about a medical, pharmaceutical or biotechnological corporation or company is a stub. You can help Wikipedia by expanding it.v · Categories: Companies listed on NASDAQ Companies in the NASDAQ Biotechnology Index Biotechnology companies Companies based in San Diego, California Medical company stubs Wikimedia Foundation. 2010. Игры ⚽ Поможем сделать НИР Going Wrong Ernest Nash Look at other dictionaries: Neurocrine — can refer to: A type of cell signaling similar to paracrine, but involving neurons. See chemical synapse for more details. Neurocrine Biosciences This disambiguation page lists articles associated with the same title. If an …   Wikipedia NBIX — Neurocrine Biosciences (Business » NASDAQ Symbols) * NorRail Incorporated (Regional » Railroads) …   Abbreviations dictionary Indiplon — drugbox IUPAC name = N methyl N [3 [3 (thiophene 2 carbonyl) pyrazolo [5,1 b] pyrimidin 7 yl] phenyl] acetamide width = 120 CAS number = 325715 02 4 ATC prefix = ATC suffix = PubChem = 6450813 DrugBank = C=20 | H=16 | N=4 | O=2 | S=1 molecular… …   Wikipedia NASDAQ Biotechnology Index — The NASDAQ Biotechnology Index includes securities of NASDAQ listed companies classified according to the Industry Classification Benchmark as either Biotechnology or Pharmaceuticals. Criteria In order to remain included within the index, the… …   Wikipedia NASDAQ Biotechnology Index — El Índice NASDAQ de Biotecnología incluye valores de empresas que cotizan en el NASDAQ clasificadas de acuerdo al Industry Classification Benchmark, las cuales pueden ser de biotecnología o farmacéuticas y que cumplan también con otros criterios… …   Wikipedia Español NASDAQ Biotechnology Index — NASDAQ Biotechnology Ind Статус Рассчитывается Биржи NASDAQ Компоненты 122 (на данный момент) Веб сайт …   Википедия San Diego — This article is about the city in California. For the metropolitan area, see San Diego metropolitan area. For other meanings of San Diego , see San Diego (disambiguation). San Diego   City   City of San Diego …   Wikipedia DOV Pharmaceutical — DOV Pharmaceutical, (OTCBB: DOVP) a biotechnology company, focuses on therapies primarily for central nervous system conditions. The firm s lead drug candidate, Indiplon, is said to treat insomnia. Indiplon targets the same subset of… …   Wikipedia Carmel Valley, San Diego, California — Carmel Valley is a community in the north western corner of San Diego, California, USA. The community is composed of commercial offices, residential units, hotels, and retail stores and restaurants. This is not to be confused with Carmel Valley… …   Wikipedia Howard Birndorf — Howard Civian Birndorf is a biotechnology entrepreneur and one of the founders of the biotech industry in San Diego, California. Along with former University of California professor and current venture capitalist Ivor Royston, Birndorf founded… …   Wikipedia 18+ © Academic, 2000-2024 Contact us: Technical Support, Advertising Dictionaries export, created on PHP, Joomla, Drupal, WordPress, MODx. Mark and share Search through all dictionaries Translate… Search Internet Share the article and excerpts Direct link … Do a right-click on the link above and select “Copy Link”