HotOtc Featured Company: Penwest Pharmaceuticals (PPCO) Continues its Research
A steady stream of FDA approvals drive most pharmaceutical companies. Any break in the flow interrupts the organic flow of the company. Baring any eureka moments, all that a company can do is wait. Penwest Pharmaceuticals Inc., a pharmaceutical development company, is primarily engaged in development and marketing of neurological drugs. Its strategic partner in the sale of its products is Chadds Ford, Pa based ENDO Pharmaceuticals Inc. The company’s current pipeline of products is back end loaded with two products heading for phase IIa/III or orphan phase 1/1a safety approval by the FDA in 2008. Estimated phase III and…