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The European Commission has granted marketing authorization for Onglyza (saxagliptin) from Bristol-Myers Squibb (BMS) and AstraZeneca to treat type 2 diabetes.
Bristol-Myers Squibb (BMS) has released its 2009 fiscal first quarter results, which show strong financial performance and the execution of two key strategic initiatives.
Bristol-Myers Squibb has signed an agreement with Nissan Chemical Industries and Teijin Pharma Limited for the development and commercialization of a selective inhibitor for the maintenance of normal sinus rhythm in patients with atrial fibrillation, currently in phase I development in Japan.
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Bristol-Myers Squibb has reported its 2009 first quarter net earnings from continuing operations attributable to the shareholders of $638 million, compared to $647 million for the same period in 2008.
The FDA's Endocrinologic and Metabolic Drugs Advisory Committee has voted in favor of the new drug application for Onglyza from Bristol-Myers Squibb (BMS) and Astrazeneca to treat adults with type 2 diabetes, stating that the data were sufficient to rule out unacceptable cardiovascular risk relative to comparators in the program.
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