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Section
8 — Other Events
Item
8.01. Other Events.
On
June30, 2006, New River Pharmaceuticals Inc. (the “Company”) issued a press release
announcing that an investigational new drug application (IND) was submitted
to
the U.S. Food and Drug Administration for NRP409 on June 29, 2006.
NRP409,
the Company's Carrierwave™ triiodothyronine (T3) hormone, is a treatment for
patients with primary hypothyroidism. The Company hopes that by reducing the
variability
of the hormone's availability, while reducing the safety risk associated with
other T3 based therapies, NRP409 will mark the first significant improvement
in
thyroid hormone replacement therapy in approximately half a century.
The
Company expects to begin enrollment in clinical studies of NRP409 by 3Q06.
The
Company anticipates that NRP409 should warrant a relatively abbreviated
development pathway and hopes to file a new drug application (NDA) by the end
of
2007. While the U.S. market for thyroid HRTs is significant, with roughly 3
billion doses per year, the field of endocrinology is concentrated enough that
the Company expects to be able to commercialize and market NRP409 without a
partner.
The
Company also announced that it is evaluating whether to exercise its option
to
co-promote NRP104 in accordance with a collaboration agreement with Shire plc
(LSE: SHP; Nasdaq: SHPGY; TSX: SHQ). NRP104 is currently under review with
the
FDA as a potential treatment for pediatric attention deficit/hyperactivity
disorder. Should the Company decide to exercise this option, it expects to
field
approximately 100 sales representatives in the first half of 2007.
Press
release issued on June 30, 2006 by the
Company.
2
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.