AstraZeneca PLC (AZN.LN) has received approval from the U.S. Food and Drug Administration for a new formulation of its type-2 diabetes treatment option Bydureon, it said Monday.
The pharmaceutical company said that the regulator has given the green light to its Bydureon BCise injectable suspension drug--a single-dose autoinjector device that is used once a week. The new formulation reduces blood sugar levels and has the added benefit of weight loss, the company said.
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AstraZeneca said the drug will be available to U.S. patients from the first quarter of 2018.
The European Medicines Agency has also accepted an application for the autoinjection, it added.
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(END) Dow Jones Newswires
October 23, 2017 02:33 ET (06:33 GMT)