- Innoviva Inc’s (NASDAQ:INVA) affiliate Entasis Therapeutics Inc received FDA approval for Xacduro (sulbactam and durlobactam for injection), co-packaged as a treatment for hospital-acquired pneumonia.
- The approval covers patients 18 years and older for hospital-acquired and ventilator-associated bacterial pneumonia (HABP/VABP) caused by difficult-to-treat bacteria strains known as Acinetobacter baumannii-calcoaceticus complex.
- Innoviva acquired Entasis Therapeutics in May 2022 for $2.20 per share in cash.
- Also Read: FDA’s AdComm Panel Favors Innoviva’s Drug For Multidrug-Resistant Bacterial Infections.
- Entasis was established in 2015 as a spin-off from AstraZeneca Plc (NASDAQ:AZN).
- Innoviva anticipates that Xacduro will be available to patients later this year.
- According to the World Health Organization, Acinetobacter species top the list of critical bacterial pathogens that pose the greatest threat to human health, the FDA wrote. A. baumannii can become highly resistant to multiple antibacterial drugs, with limited treatment options.
- In a Phase 3 ATTACK trial, the drug proved non-inferior to the last-resort antibiotic colistin in 28-day all-cause mortality, demonstrating a significant difference in clinical cure rates.
- Price Action: INVA shares are down 2.29% at $13.23 on the last check Wednesday.
AT&T’s Chief HR Officer Angela Santone Departs Amidst $8B Cost-Reduction Program and Job Cuts
AT&T Inc's (NYSE: T) Chief Human Resources Officer, Angela Santone, one of three female top executives of the company, will depart in September amid an $8 billion cost-reduction program that involves job cuts.
