Restructuring

NitroMed restructures research and development operations to focus on extended release BiDil

Published in Medical Letter on the CDC and FDA, April 26th, 2006

NitroMed, Inc. (NTMD) announced a restructuring of its organization as it focuses on the continued development of both an extended release formulation of BiDil (isosorbide dinitrate/hydralazine hydrochloride), as well as out-licensing and collaborations for its portfolio of nitric oxide-enhancing technologies, including NMI-3377, a late-stage preclinical cardio-renal compound.

Approximately 30 positions in research and development were eliminated in the restructuring.

Chief Scientific Officer Dr. Gordon Letts emphasized that NitroMed's priority project is on schedule as development continues on an extended release formulation of BiDil. BiDil is...

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Source: Medical Letter on the CDC and FDA (2006-04-26)

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