U.S. FDA approves BioDelivery's drug for opioid dependence

Fri Jun 6, 2014 6:59pm EDT

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(Reuters) - BioDelivery Sciences International Inc said it had received U.S. regulatory approval for its drug, Bunavail, to treat opioid dependence.

The company's shares rose 8.5 percent to $10.85 in extended trading on Friday.

BioDelivery said it expects to launch the drug late in the third quarter ending Sept. 30.

Opioid dependence affects more than 2 million people in the United States.

(Reporting by Shailesh Kuber in Bangalore; Editing by Maju Samuel)

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