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Alkermes' diabetes treatment boosted in Europe

Fri, 04/15/2011 - 1:38pm
Mass High Tech: The Journal of New England Technology

Alkermes Inc. (Nasdaq: ALKS) has received a positive opinion from a key European regulatory committee for its experimental diabetes treatment, Bydureon. The recommendation means the drug candidate is very likely to be approved there.

The news is a boost for Waltham-based Alkermes, along with its partners, Indianapolis-based Eli Lilly and Company (NYSE: LLY), and San Diego, Calif.-based Amylin Pharmaceuticals Inc. (Nasdaq: AMLN), following a rejection from the U.S. Food and Drug Administration for the potential drug late last year.

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