* More clinical data needed by U.S. authorities
* Says U.S. approval of Flutiform 'unlikely' before H2 2011
* Partner Abbott will pay for tests and can recoup costs
* Shares fall almost 4 percent
LONDON, Sept 1 British drug delivery company
SkyePharma SKP.L said on Tuesday it will need to do more tests
on its asthma drug Flutiform, pushing the expected U.S. approval
out to late 2011 and sending its shares down almost 4 percent.
The company has been told by the U.S. Food and Drug
Administration that further tests will be required to get more
data on the effects of different doses.
At 0731 GMT shares in the company were down almost 4 percent
to nearly 107 pence per share.
Under the current license agreement, the company's
development partner Abbott (ABT.N) is responsible for paying for
additional U.S. clinical trials, and is entitled to recoup its
costs from future milestones and royalties.
(Reporting by Ben Deighton; Editing by Clara