Glaxo, Valeant face U.S. delay for epilepsy drug

August 31, 2010|ASSOCIATED PRESS

LONDON - GlaxoSmithKline P.L.C. and Valeant Pharmaceuticals International say they may have to wait an extra three months for the U.S. regulatory review of their potential epilepsy treatment ezogabine.

The two companies said today that the U.S. Food and Drug Administration has extended its target date under the Prescription Drug User Act to review ezogabine to Nov. 30 from Aug. 30.

Ezogabine is designed for patients already taking one to three other anti-epileptic drugs.

Glaxo, which is based in London and has operations in the Philadelphia area, and Valeant, which is based in Aliso Viejo, Calif., have already submitted an evaluation of the risks of the drug that was requested in August by the FDA.

Glaxo's American Depositary Receipts were down 13 cents to $37.55 on the New York Stock Exchange early this afternoon.

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