German drug major Bayer (BAYN: DE) has successfully concluded the European Union registration procedure for Jaydess, its low dose levonorgestrel-releasing intrauterine system (IUS) for contraception for up to three years.
Sweden served as Reference Member State for the Decentralized Procedure to gain EU-wide marketing authorization for the new IUS. Based on the positive conclusion, the Health Authorities of the EU member states will grant national approvals in the coming weeks and months. First launches of the product in the EU are expected in the second quarter of 2013.
“Our new intrauterine system has been primarily developed for women who are looking for a reliable, convenient long-term contraceptive option with a very low hormonal dose,” said Kemal Malik, a member of the Bayer HealthCare executive committee and head of global development.
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