(Reuters) - The U.S. Food and Drug Administration approved a drug to treat dementia in Alzheimer's patients that was developed by Actavis Plc and Adamas Pharmaceuticals Inc. Adamas shares were up nearly 17 percent at $17.10 in premarket trading. The drug, Namzaric is designed to treat moderate-to-severe dementia in Alzheimer's patients by combining in a single capsule memantine and donepezil — ingredients in two drugs that are often prescribed together. Memantine is the active ingredient in Actavis' Namenda, while donepezil is the active ingredient in Pfizer Inc's Aricept. Both are in use for Alzheimer's-related dementia. Dublin, Ireland-based Actavis said it expects to launch Namzaric in two dosage strengths in the United States in the second quarter of 2015. Adamas will retain commercialization rights outside the United States. Alzheimer's is a progressive, neurodegenerative disorder characterized by problems with memory, thinking and behavior. An estimated 5.2 million people in the United States suffer from the disease, which is the fifth leading cause of death among those aged 65 and above, the companies said. Adamas shares closed at $14.65 on the Nasdaq on Tuesday. (Reporting by Natalie Grover and Anjali Rao Koppala in Bengaluru; Editing by Joyjeet Das)
Greene's amendment failed by one of the most lopsided votes you'll ever see as Democrats and Republicans alike rejected it en masse.
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- Patriot Ledger
Two children are dead and a baby was flown to a hospital with traumatic injuries after they were discovered inside a Duxbury home Tuesday night.
- Business Insider
A video of Tyre Nichols being killed by police is due to be released Friday. Even the police chief says what it shows is 'heinous' and 'inhumane.'
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The happy accident is peak cuteness.
The Ohio Republican received a series of blunt reminders.
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- Cowboys Wire
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- Panthers Wire
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- LSU Tigers Wire
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- Yahoo Movies
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