Pfenex Still Waiting For FDA Teriparatide Equivalence Designation

US-Based Firm Is Confident Coronavirus Will Not Impact Prospects

Hailing the past year as a "transformational period" in which "we moved towards being a business with an FDA-approved product nearing commercialization," Pfenex ended 2019 in profit and with cash in the bank, as it eyes the potential for a monopoly in the follow-on teriparatide market.

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Pfenex is in position for a period of monopoly on the follow-on teriparatide market • Source: Shutterstock

Pfenex and partner Alvogen are primed to launch the firms’ Bonsity (teriparatide) in the US and do not envisage any supply chain complications arising from the COVID-19 pandemic, as the US Food and Drug Administration continues to weigh designating the product therapeutically equivalent with Eli Lilly’s Forteo blockbuster.

With the FDA having approved the firms’ PF708 teriparatide candidate under the Bonsity name in October last year, Pfenex continues...

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