Business in the Burbs

Progenics drug approved in Australia

November

Progenics Pharmaceuticals Inc., an Eastview-based biotech company, said that its Relistor constipation drug can be sold in Australia following regulatory approval in that country.

Progenics partnered with Wyeth in 2005 to jointly develop and sell Relistor, an injectable drug designed to treat constipation caused by painkillers. It is the first commercial product for Progenics.

“Approval in Australia expands global access to this novel product which has already received approval in Canada, the U.S., European Union member states, and Iceland, Norway, Liechtenstein and Venezuela,” Chief Executive Officer Paul J. Maddon said in a written statement.

This entry was posted on Monday, November 17th, 2008 at 2:14 pm by Jay Loomis.
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