FDA Declines Approval of Targanta Antibiotic

Targanta Therapeutics (NASDAQ:[[ticker:TARG]]), a Cambridge, MA-based developer of antibiotics, says that the FDA has declined to approve the company’s application for approval of antibiotic oritavancin as a treatment for complicated skin and skin structure infections, telling the biotech firm that it needs to conduct additional clinical studies to demonstrate safety and effectiveness of the drug. The FDA response to the application comes after an agency panel narrowly decided not to recommend approval of oritavancin last month.

Author: Ryan McBride

Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News. Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.