FDA approves second drug in new class against diabetes
The second of a new class of anti-diabetes drugs has won marketing approval in the US. The FDA has given the green light to the SGLT-2 inhibitor dapagliflozin (Farxiga).
The drug was co-developed by Bristol-Myers Squibb and AstraZeneca but AZ has now taken full control of the product - see 'Bristol-Myers Squibb to sell stake in diabetes alliance to AstraZeneca' (https://pharmaphorum.com/news/bristol-myers-squibb-to-sell-stake-in-diabetes-alliance-to-astrazeneca).
"On December 19, 2013 AstraZeneca and Bristol-Myers Squibb announced an agreement under which AstraZeneca will acquire the entirety of Bristol-Myers Squibb's interests in the companies' diabetes alliance to consolidate worldwide ownership of the diabetes business within AstraZeneca."
Bristol-Myers Squibb statement.
FDA approves AZ's Farxiga (dapagliflozin) (Medical Marketing & Media magazine).