Company news: smartphones, Janssen, FDA
Janssen-Cilag GmBH is adding a new heart failure treatment, known as COR-1, to its pipeline with one stroke: by acquiring privately-held Corlmmun for an undisclosed amount. The deal gives Janssen all rights to the drug, which is a small cyclic peptide.
The FDA Safety and Innovation Act is heading to the Oval Office for signature. Although the act is closely associated with user fees, the legislation's other implications include a provision that could speed up access to treatments for rare diseases. The legislation, which the Boston Herald notes was initially proposed as stand-alone legislation by Sen. Kay Hagen (D-NC), allows the FDA to expedite drug review under certain circumstances. There are about 7,000 rare diseases, but only 250 with FDA-approved treatments.