New Legislation Passed to Help Speed Up FDA Review Process

The Paragon Report Provides Stock Research on PDL BioPharma and Synta Pharmaceuticals

Marketwired

NEW YORK, NY--(Marketwire - Sep 19, 2012) - Despite concerns of a global economic slowdown the Biotech Industry has impressed investors with strong gains in 2012. Patent expirations, favorable legislation, and a faster review process have been some of the contributing factors for the industry's current boom. The Paragon Report examines investing opportunities in the Biotechnology Industry and provides equity research on PDL BioPharma Inc. (NASDAQ: PDLI) and Synta Pharmaceuticals Corp. (NASDAQ: SNTA).

Access to the full company reports can be found at:
www.ParagonReport.com/PDLI
www.ParagonReport.com/SNTA

The Food and Drug Administration Safety and Innovation Act (FDASIA) was signed into law on July 9, 2012 by President Obama. The law allows the FDA to collect "user fees" to help fund reviews of innovator drugs, medical devices, generic drugs and biosimilars.

"The legislation will enhance the development and review of innovative new therapies through increased transparency and scientific dialogue, advancements in regulatory science and strengthened post-market review. It will also increase the Food and Drug Administration's (FDA) access to external expertise to improve the drug review process," Biotechnology Industry Organization (BIO) President and CEO Jim Greenwood said in a statement.

Paragon Report releases regular market updates on the Biotechnology Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.

PDL BioPharma is a biotech company with a patented process to create humanized antibodies. Antibodies are proteins in the immune system that help the body defend against foreign invasion, particularly from pathogens and toxins. The company recently made a quarterly dividend payment of $0.15 per share.

Synta Pharmaceuticals Corp. is a biopharmaceutical company focused on discovering, developing, and commercializing small molecule drugs to extend and enhance the lives of patients with severe medical conditions, including cancer and chronic inflammatory diseases. The company last month reported that the first patients have been treated in two ALK positive lung cancer trials.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
http://www.paragonreport.com/disclaimer

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