• Most Popular
  • Most Shared

RPT-Astra seeks EU okay for Seroquel XR in anxiety use

Tue Oct 21, 2008 4:03am EDT

Stocks

   

(Repeats to widen distribution)

Stocks  |  Regulatory News

LONDON, Oct 21 (Reuters) - AstraZeneca Plc (AZN.L) is seeking European approval to sell its drug Seroquel XR as a treatment for anxiety, the Anglo-Swedish group said on Tuesday.

If approved, Seroquel XR would be the first atypical antipsychotic medicine cleared for the treatment of generalised anxiety disorder.

The European filing follows a similar U.S. submission in May and is part of a strategy to expand use of the medicine beyond schizophrenia.

Seroquel XR -- a follow-on extended release version of AstraZeneca's older $4 billion-a-year seller Seroquel -- was approved for schizophrenia in 2007. It was also cleared in the United States as a treatment for bipolar disorder earlier this month.

WestLB analyst Simon Mather said the extended release version of the drug should partially offset sales lost when the immediate release formulation loses patent protection in 2011.

"Today's news highlights the positive steps taken by the company to protect and further expand the franchise," he said. (Reporting by Ben Hirschler)



More from Reuters

Photo

Euro zone holds intensive talks about Greek rescue

BERLIN/ATHENS (Reuters) - Euro zone countries were holding intensive talks on Wednesday about a possible financial rescue for debt-stricken Greece as civil servants staged the first major strike against Athens' crisis-driven austerity plan. | Video

 A protester marches next to a banner during an anti-government rally in Athens February 10, 2010. REUTERS/John Kolesidis
Analysis:

Will IMF step in on Greece?

Europe is loathe to turn to the International Monetary Fund to help bail out Greece but it may have little choice.  Full Article 

A worker drives a Toyota Motor Corp's newly assembled Prius hybrid vehicle onto a trailer near the company's plant in Toyota, central Japan February 9, 2010.REUTERS/Yuriko Nakao
Reuters Breakingviews:

Toyota's troubles in overdrive

The cost of Toyota's recall nightmare is nothing compared to the price of fixing its battered reputation.  Commentary