⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

UPDATE 1-EU lifts restrictions on UCB's Neupro

Published 06/29/2009, 03:16 AM
Updated 06/29/2009, 03:24 AM
UCB
-

BRUSSELS, June 29 (Reuters) - Pharmaceutical group UCB said the European Commission has lifted restrictions on its Parkinson's disease drug Neupro, and that its talks with U.S. regulators to once again market the drug there are ongoing.

The European Union has also approved Neupro for adults with restless leg syndrome, Belgium's UCB said in its statement on Monday.

In 2008, UCB sold 58 million euros ($81.19 million) of Neupro, before crystallisation problems were discovered and it was removed from the U.S. market in March 2008 and restricted in June 2008 to European patients already on it, a UCB spokeswoman told Reuters.

She added while Neupro was still not marketed in the U.S., UCB was in ongoing talks with the U.S. Federal Drug Administration.

In May, the European Union's drug watchdog recommended the commission -- the 27-nation bloc's executive, regulatory and legislative branch -- lift the limits, saying UCB had established a cold-chain supply system that met quality standards.

UCB shares traded up 1.5 percent at 2.94 euros as of 0709 GMT. ($1=.7143 Euro) (Reporting by Anne Jolis and Ben Hirschler; Editing by Jon Loades-Carter)

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.