I know its not comparing apples to apples but its pretty scary when you see Alexza Pharmaceuticals drug just get rejected by the FDA when the Advisory Panel voted 17 to 1 to approve the drug. Talon wasnt even close to that good of a vote. I'm sure everyone who was in that stock thought they had it in the bag with a vote like that! I'm long Talon as everyone knows but that news sacres the HELL out of me!
If it makes you feel any better, when INEX filled first NDA for Marqibo on NHL back in 2004, it was rejected by ODAC, guess what "unanimously". I will take 7-4 with 2 not voting, any day of the week for a smaller indication(ALL). With current plan NHL indication NDA is not even planed till 2017.
Inex Pharmaceuticals Corporation ("INEX"; TSX: IEX) and Enzon Pharmaceuticals Inc. ("ENZON"; NASDAQ: ENZN) announced today that the Oncology Drugs Advisory Committee (ODAC) of the US Food and Drug Administration (FDA) voted unanimously against recommending accelerated approval for Marqibo (vincristine sulfate liposomes injection) as a treatment for patients with relapsed aggressive non- Hodgkin's lymphoma (NHL).