Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

AstraZeneca Says US FDA Approves Opioid-Induced Constipation Treatment

Tue, 16th Sep 2014 15:38

LONDON (Alliance News) - AstraZeneca PLC Tuesday said the US Food and Drug Administration has approved its MOVANTIK (naloxegol) tablets C-II for the treatment of opioid-induced constipation, in adult patients with chronic, non-cancer pain.

According to AstraZeneca, opioids play an important role in chronic pain relief and millions of patients are treated with them in the US each year. The company said they work by binding to mu-receptors in the central nervous system, but they also bind to mu-receptors in the gastrointestinal tract, which can result in patients suffering from opioid-induced constipation.

"The FDA approval of MOVANTIK provides a new treatment option for adult patients with chronic non-cancer pain suffering from opioid-induced constipation, a common side effect of opioid therapy," said Briggs Morrison, executive vice president, global medicines development & chief medical officer for AstraZeneca. "We are pleased to provide physicians and their patients with a once-daily oral treatment supported by a robust clinical programme," Morrison added.

MOVANTIK is expected to be available to patients in the first half of 2015, AstraZeneca said. MOVANTIK is currently a schedule II controlled substance because it is structurally related to noroxymorphone.

"During the review of the New Drug Application, the FDA evaluated the abuse potential of MOVANTIK and the approved labelling indicates that MOVANTIK has no risk of abuse or dependency," the company said.

AstraZeneca submitted a petition for the descheduling of MOVANTIK to the US Drug Enforcement Administration in March 2012, which was accepted for review and will be considered by the DEA as part of the process for addressing the descheduling request.

AstraZeneca shares Tuesday closed down 0.7% at 4551.5 pence.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

Copyright 2014 Alliance News Limited. All Rights Reserved.

Related Shares

More News
22 May 2024 09:53

LONDON BROKER RATINGS: Barclays cuts NextEnergy but lifts JLEN

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:

22 May 2024 02:00

British firms expecting hard time in China market, lobby group warns

BEIJING, May 22 (Reuters) - British firms expect doing business in China to become harder over the next five years, a British business lobby group s...

21 May 2024 19:00

Sector movers: Stocks slip amid light profit-taking

(Sharecast News) - Stocks ended a tad lower as investors waited on a raft of US central bank speakers scheduled for after the close of markets in Lond...

21 May 2024 17:20

Europe's STOXX 600 ends lower as rate uncertainty prevails

Focus on Fed minutes, Nvidia earnings *

21 May 2024 17:04

LONDON MARKET CLOSE: London dips as eyes turn to UK inflation reading

(Alliance News) - Stock prices in London closed in the red on Tuesday, as investors nervously eye a key UK inflation reading, which could prompt the B...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.