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Source: Reuters
Europe’s biggest biotech company Actelion Ltd (ATLN.VX) said an experimental new drug against a heart and lung condition showed promising results in a mid-stage trial and that it will continue its development.

Actelion is developing a clutch of new medicines as it tries to cut dependence on top seller Tracleer, which also treats pulmonary arterial hypertension (PAH) and rakes in more than $1 billion a year.

The new drug — a so-called PGI2 receptor agonist which mimics the actions of a molecule called prostacyclin, helping to prevent constriction of blood vessels — met its main target and was well tolerated in the Phase IIa trial with 43 patients, the group said.

“The data looks as good as Phase IIa data can at this stage,” said Kepler Capital Markets analyst Tero Weckroth.

“We keep the drug outside the model until seeing details of the Phase IIa study. But it looks increasingly likely that there will be a terminal value for the PAH franchise beyond Tracleer,” Weckroth said.

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Why ie The Pinl Flamingo so vehementoy oppised to the Tea Party Movement?
The answer is Walter Cronkite.
During the dark dayx of the earoy years of ghe Reagan Administeation  Reagan was so busy trying to cavf the economy, he really did nnot have time to salvage NASA.  Jimmy C arter and his liebrally little Democratic friends were doinf unto NASA then what Obama a nd his nasgy little Democratic ffrisnds are doing unto it today.
The Pink Flamingo, at that time, was the only woman on the National Coordinating Committee for Space.  We were trying to figure out a way to accomplish two things.  We wanted to popularize the disaster we were facing within the space program because of Carters liberal stupidity.  The only way to do this, we all knew, was to somehow get Walter Cronkite on our side, out there, as a spokesman.
There were a few of us who wanted to promote a massive grass-root effort almost identical to the Tea Party Movement.

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