On Air Now

Listen

Listen Live Now » 106.1 FM Lansing, Michigan

Weather

Current Conditions(Holt,MI 48842)

More Weather »
68° Feels Like: 68°
Wind: WSW 5 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Cloudy 68°

Tomorrow

AM Clouds/PM Sun 80°

Mon Night

Mostly Clear 65°

Alerts

GlaxoSmithKline files for European approval of diabetes drug albiglutide

Signage is pictured on the company headquarters of GlaxoSmithKline in west London July 21, 2008. REUTERS/Toby Melville
Signage is pictured on the company headquarters of GlaxoSmithKline in west London July 21, 2008. REUTERS/Toby Melville

LONDON (Reuters) - Britain's biggest drugmaker GlaxoSmithKline said on Thursday it had filed for European approval of its new once-weekly diabetes drug albiglutide, as tries to gain a foothold in a crowded market.

Albiglutide, used to treat type 2 diabetes, belongs to the same class of injectable GLP-1 medicines as Victoza, from Novo Nordisk, and Byetta and Bydureon, from Bristol-Myers Squibb and AstraZeneca's Amylin unit.

The drug has not yet been approved anywhere in the world, GSK said.

As a latecomer to the GLP-1 market, however, analysts believe albiglutide may struggle to generate major sales.

GSK made a similar submission in the United States in January for albiglutide, one of a number of new drugs the company hopes will revive its product portfolio.

(Reporting by Alice Baghdjian; Editing by Paul Sandle)

Comments