SOURCE: Research Driven Investing

Research Driven Investing

February 15, 2013 08:20 ET

FDA Approved a Total of 39 New Drugs in 2012 - Fifteen Year High

RDInvesting Provides Stocks Research on ACADIA Pharmaceuticals and Discovery Laboratories

NEW YORK, NY--(Marketwire - Feb 15, 2013) - A sharp increase in drug approvals and mergers and acquisitions combined to create a bull market for the Biotechnology Industry in 2012. The iShares NASDAQ Biotechnology Index (IBB), the SPDR S&P Biotech ETF (XBI) and the First Trust Amex Biotechnology Index ETF (FBT) have all gained over 20 percent in the past year, outperforming the broader markets by a good margin. Research Driven Investing examines investing opportunities in the Biotech Industry and provides equity research on ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) and Discovery Laboratories, Inc. (NASDAQ: DSCO).

Access to the full company reports can be found at:
www.RDInvesting.com/ACAD
www.RDInvesting.com/DSCO

Bloomberg recently reported drug approvals by the U.S. Food and Drug Administration reached a 15 year high in 2012. The FDA approved a total of 39 novel medicines last year, an increase of 30 percent when compared to a year ago. Oncology drugs lead the way with 11 new drugs approved last year. Over the last ten years the number of FDA approvals had averaged roughly 23 a year. The passage of the Prescription Drug User Fee Act (PDUFA) played a major role in the sharp increase in approvals.

The PDUFA "has provided critical resources for improving the quality and timeliness of premarket review of drugs," said FDA spokeswoman, Sandy Walsh. "These accomplishments could not have been achieved without the innovations of the biopharmaceutical industry and the dedication and skill of FDA's drug review staff."

Research Driven Investing releases regular market updates on the Biotech 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.RDInvesting.com and get exclusive access to our numerous stock reports and industry newsletters.

ACADIA is a biopharmaceutical company focused on innovative treatments that address unmet medical needs in neurological and related central nervous system disorders. The company's lead product candidate is pimavanserin, a treatment for Parkinson's disease psychosis, which currently in Phase III development. Shares of ACADIA have gained nearly 35 percent year-to-date.

Discovery Laboratories, Inc. is a specialty biotechnology company with one focus - to advance a new standard in respiratory critical care. Discovery's SURFAXIN is the first synthetic, peptide-containing (KL4) surfactant approved by the FDA and the only alternative to animal-derived surfactants. The company recently received a $30 million funding commitment from Deerfield Management.

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