AstraZeneca and Bristol-Myers get first approval for diabetes drug Forxiga
There was good news for AstraZeneca (LSE: AZN) and Bristol-Myers Squibb (NYSE: BMY), with the European Commission approval of Forxiga (dapagliflozin) tablets for the treatment of type 2 diabetes in the European Union.
This is the first medicine in the new SGLT2 class to gain regulatory approval for the treatment of type 2 diabetes, a disease in which high unmet medical need exists, the companies noted. Dapagliflozin is awaiting approval in the USA, where the Food and Drug Administration earlier this year issued a complete response letter requesting additional data.
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