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UPDATE 1-Novo Nordisk says Victoza cleared for EU market

Fri Jul 3, 2009 3:16pm IST
 
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* Diabetes treatment Victoza gets EU marketing approval

* Approval was expected after EU drugs agency recommendation

* Launch planned for this year and in 2010

* Novo says approval does not change 2009 outlook

(Adds details, quotes, share price, background)

COPENHAGEN, July 3 (Reuters) - Danish pharmaceuticals group Novo Nordisk's (NOVOb.CO: Quote, Profile, Research) diabetes drug Victoza, a key driver for future sales, has won European Commission approval for marketing across the European Union, the company said on Friday.

The move had been expected, following a positive opinion from the European Medicines Agency on April23.

"The European Commission has granted marketing authorisation for Victoza for the treatment of type 2 diabetes in adults," Novo Nordisk said in a statement, calling it an "important milestone".

The company will launch Victoza -- which is the brand name for liraglutide -- in Britain, Germany and Denmark this summer and in other European markets in the second half of 2009 and throughout 2010, Novo Nordisk said.  Continued...

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