GSK's diabetes drug set for European approval
LONDON, Jan 24 (Reuters) - GlaxoSmithKline (Other OTC: GLAXF - news) said on Friday European regulators had given the green light to its once-weekly diabetes drug albiglutide, which it is marketing as Eperzan.
Albiglutide belongs to the same class of injectable GLP (SES: E1:MC0.SI - news) -1 drugs as Victoza, from Novo Nordisk (Other OTC: NONOF - news) , and Byetta and Bydureon, from Bristol-Myers Squibb and AstraZeneca (EUREX: AZNF.EX - news) .
A positive recommendation for a drug by the European Medicines Agency is generally followed by a marketing authorisation by the European Commission. GSK said a final decision was anticipated later this quarter.
Last year regulators in the United States pushed back an approval decision on the drug until April 15.