SOURCE: The Bedford Report

The Bedford Report

March 02, 2011 08:45 ET

Healthcare Sector Faces Greater FDA Scrutiny

The Bedford Report Provides Analyst Research on Radient Pharmaceuticals & Zalicus

NEW YORK, NY--(Marketwire - March 2, 2011) - There is plenty of optimism surrounding the healthcare sector as firmer pricing and new products have improved sales and earnings trends. Meanwhile, younger, more speculative firms continue to garner significant attention with potential blockbuster products working their way through the regulatory process. The Bedford Report examines the outlook for companies in the Healthcare Sector and provides research reports on Radient Pharmaceuticals, Inc. (NYSE Amex: RPC) and Zalicus, Inc. (NASDAQ: ZLCS). Access to the full company reports can be found at:

A recent study released by BIO and BioMedTracker claims that the success rate in bringing new medicines to market in the past six years is only about half of what it had been previously. The study claims, however that biotech drugs are twice more likely to gain approval than more traditional chemical drugs.

The study finds that drugs moving from early stage Phase I clinical trials to FDA approval is roughly ten percent, down from around 20 percent in reports involving earlier years.The report adds that approval applications were filed for 55 percent of the drugs that made it to Phase III testing, and 80 percent of those gained eventual approval -- though only half were approved on initial review.

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Zalicus is a biotech firm that focuses on pain and inflammation. The company plans to advance its arthritis drug Synavive into mid-stage trials in the second quarter.

Radient Pharmaceuticals is focused on the discovery, development and commercialization of diagnostic tests that help physicians answer clinical questions related to early disease-state detection. The company offers an in-vitro diagnostic cancer test, "ONKO-SURE" which is used for the detection of lung, breast, colon, rectal and many other cancers.

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