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Wednesday, April 7, 2010 as of 11:14 AM ET

European Commission

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European Commission

The European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union's treaties and the general day-to-day running of the Union.

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European Regulators Positive On Novo Nordisk Bleeding Disorder Product

Danish pharmaceutical company Novo Nordisk A/S (NVO) said Friday European regulators have adopted a positive opinion on the company's treatment for a rare inherited bleeding disorder.

MAIN FACTS:-The Committee for Medicinal Products for Human Use, known as CHMP, part of the European Medicines Agency, has adopted a positive opinion on the company's product to treat congenital factor XIII A-subunit deficiency, Novo Nordisk said.-CHMP recommended marketing authorization for the product for once-monthly replacement therapy in patients from the age of six years.-Data have shown that the product prevents bleeding and is well tolerated, the company said.-Novo Nordisk expects to get final marketing authorization from the European Commission within about two months then launch the product in Europe toward the end of 2012.Copyright © 2012 Dow Jones Newswires...

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