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Latest News as @ Friday, September 10, 2010
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FDA Formally Approves Onsolis - July 17, 2009

Link to this article: http://triangle.bizjournals.com/triangle/stories/2009/07/13/daily53.html?surround=etf

Thursday, July 16, 2009, 4:12pm

FDA Approval Pumps $27M into Bio Delivery Sciences International pipeline

Triangle Business Journal

The U.S. Food and Drug Administration on Thursday formally approved Onsolis, Raleigh-based BDSI's mouth patch that delivers the painkilling drug fentanyl to cancer patients suffering severe “breakthrough pain” that doesn't respond to other medications.

Onsolis is manufactured by Aveva Drug Delivery Systems of Florida and marketed under license from BDSI (Nasdaq: BDSI) by Meda Pharmaceuticals. With FDA approval of Onsolis, BDSI is due about $27 million in milestone payments, which Sirgo said would be directed to the company's drug pipeline.

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