Glaxo files Promacta drug for U.S. approval

Thu Dec 20, 2007 12:22pm GMT
 
Email | Print | | Single Page
[-] Text [+]

LONDON (Reuters) - GlaxoSmithKline (GSK.L) said on Thursday it had filed its experimental platelet-boosting drug Promacta, or eltrombopag, for approval in the United States.

The submission to the Food and Drug Administration had been expected this month. The company said last week it would file Promacta for the short-term treatment of patients with chronic idiopathic thrombocytopenic purpura within days.

Eltrombopag -- which will also be sold under the brand name Revolade, if approved -- is one of several novel drugs in Glaxo's pipeline which the group believes have blockbuster potential.

It was discovered as a result of a research collaboration between Glaxo and Ligand Pharmaceuticals Inc (LGND.O).

(Reporting by Ben Hirschler)

 
A share trader is pictured behind a mock one dollar bill and a mock 500 Euro note symbolizing a consumer credit note, at the German stock exchange in Frankfurt, December 18, 2008. REUTERS/Kai Pfaffenbach
Credit headwind

News headlines speak of recovery, but financing is still a big problem in Germany. The dearth of credit to tide firms over is frustrating policymakers, who are blaming reluctant banks and there is little agreement on how best to increase lending flows.  Full Article 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives
Currency
US $ inGBP =0.6166
Euro inGBP =0.8581
¥en inGBP =0.0067

Most Popular on Reuters UK

  • Articles
  • Videos