Insomnia drug may help elderly sleep

Neurocrine Biosciences Inc.  said on Tuesday a late-stage trial of its highly anticipated insomnia drug helped elderly patients get to sleep and stay asleep during the night.

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Neurocrine, which is developing the drug with partner Pfizer Inc., said it expects to submit a marketing application for the drug, indiplon, with U.S. regulators during the first half of this year.

The clinical trial results come less than a week after Sepracor Inc. received conditional U.S. approval for a sleep aid that is expected to be indiplon’s main rival.