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Monday, October 22, 2012
Shares of NPS Pharmaceuticals Inc.
(NASDAQ:NPSP) have more than tripled in value since hitting a low of $2.74 in
June 2009. Much of the upward push came from positive news flow for the company's
short bowel syndrome candidate Gattex teduglutide. The analog of glucagon-like
peptide-2 (GLP-2) received a favorable FDA panel vote last week. Europe
approved the drug as Revestive in September. NPS focused on Gattex soon after
receiving a 2006 FDA approvable letter for osteoporosis candidate Preos
recombinant human parathyroid hormone 1-84. The agency requested an additional
Phase III trial, in part to allay concerns about the risk of hypercalcemia
associated with Preos. Last year, NPS said the product, now
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