Novartis Gets FDA OK For New Diabetes Drug
Novartis Pharmaceuticals
(NVS) - Get Novartis AG Report
said Friday it had received
Food and Drug Administration
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approval for the type 2 diabetes drug, Starlix. The drug is an amino-acid derivative and is used to help control the level of glucose in the blood.
The new drug is intended to help control the rise of glucose in the blood, particularly after meal, when blood-sugar levels usually rise. High blood-sugar levels can cause serious damage to vital organs.
Shares of Novartis gained 38 cents, or 0.9%, to $42.50 in regular session
New York Stock Exchange
trading Friday.
