EU approves Cardiome’s Brinavess for IV

Cardiome Pharma’s (NASDAQ: CRME; TSX:COM) intravenous formulation of Brinavess has received marketing approval in the European Union, Iceland and Norway for the rapid conversion of recent onset atrial fibrillation to sinus rhythm in adults. Patrick Magri, senior vice president, general manager, Cardiovascular Franchise, Merck (NYSE:MRK), said “we welcome this important milestone in our collaboration with [...]

Dundee reinstates buy on Cardiome

Reflecting new Phase 3 data from Cardiome Pharma (TSX:COM; NASDAQ:CRME) and Merck (NYSE:MRK) on Friday, Dundee Securities reinstated its “buy” rating on Cardiome, raising its 12-month price target to $10 from $8.  The stock closed at $8.24 on the TSX Friday. Analyst David Martin writes that he previously had the stock “under review,” pending the [...]

Cardiome and Merck release pivotal data for Brinavess IV

In a new Phase 3 study, Brinavess (vernakalant) intravenous, an investigational compound being developed in the European Union by Cardiome Pharma (NASDAQ: CRME; TSX: COM) and Merck (NYSE: MRK) to treat atrial fibrillation, was shown to be superior to amiodarone injection in converting patients’ heart rate from AF to sinus rhythm within 90 minutes of [...]