The Ticker

FDA OKs Shire drug for binge-eating use

The U.S. Food and Drug Administration yesterday approved Shire Plc's stimulant Vyvanse to treat binge-eating disorder, the first product to be approved for the condition. Shire's U.S. headquarters is based in Lexington.

Vyvanse, which is currently approved to treat attention deficit hyperactivity disorder, generated sales of more than $1 billion in the first nine months of last year.

Dr. Flemming Ornskov, the company's chief executive officer, said in an interview that Shire's goal is to generate overall sales of $10 billion by 2020. Of that, he expects $200 million to $300 million to come from Vyvanse for binge-eating.

Casino license draws 5 applicants

The competition for Massachusetts' final casino license, reserved for the state's southeast region, is slowly coming into focus, as state regulators announced yesterday that Mass Gaming & Entertainment had met the application deadline.

The company, an affiliate of Chicago-based Rush Street Gaming, joins New York-based KG Urban Enterprises, as potential rivals for the license.

The Massachusetts Gaming Commission said yesterday that it also is evaluating application extension requests from Somerset On The Move, Crossroads Massachusetts and the Seafan Trust. All five groups will be invited to address the commission at its next meeting Feb. 5.

Applicants were to submit by yesterday detailed financial information about key players and investors in their projects as well as a $400,000 non-refundable fee to defray costs of the commission's background investigation.

But only three of the five possible applicants — Mass Gaming & Entertainment, KG Urban Enterprises and Crossroads Massachusetts — have paid the required fee, the commission said. Applicants must pass the background check before they can continue to the next phase of the process, which focuses on the project proposal itself.

New Connector chief takes over Mon.

Gov. Charlie Baker's pick to head the state's health care marketplace and website is stepping into the job a few weeks earlier than planned.

Baker tapped Louis Gutierrez last week to serve as executive director of the Massachusetts Health Connector, which oversees the state's health insurance marketplace and website. Gutierrez, a principal at the Massachusetts-based IT consulting firm Exeter Group, was scheduled to take over the post near the end of February, but now plans to start Monday.

Interim Executive Director Maydad Cohen is expected to stay on at the connector to help manage the project through the end of the open enrollment period.

Brandeis president to step down

Brandeis University President Frederick Lawrence will step down at the end of the current school year and take a job at Yale. Lawrence made the announcement yesterday in a letter to the university community in Waltham that he looked forward to returning to full-time teaching and scholarship as a senior research scholar at Yale Law School in New Haven, Conn.

Lawrence has served as the eighth president of Brandeis since January 2011.

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