Lundbeck buoyed as EU gives green light to alcohol addiction drug
Danish pharma company Lundbeck (LUND: DC) is celebrating after winning European Union approval for Selincro (nalmefene), its new drug to treat alcohol addiction. Selincro is dual-acting opioid system modulator which is thought to work by reducing the effects of ingesting alcohol, which in turns leads to a reduction in the urge to drink.
The European Commission has approved Selincro for treating adult patients with alcohol dependence on the back of clinical trials which showed that the drug cut alcohol consumption by around 60% after six months' treatment.
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