Hikma Pharmaceuticals announced Thursday the US launch of an injection for the treatment of thrombosis in adults.
The FSTE 250 multinational group is releasing the argatroban injection after receiving approval from the US Food and Drug Administration earlier this year.
The London-based pharmaceutical firm's argatroban is used for the prevention of disease and treatment of thrombosis in patients with heparin-induced thrombocytopenia (HIT).
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Thrombosis is the formation of a blood clot inside the blood vessel obstructing the flow of blood through the circulatory system. HIT is due to the administration of various forms of heparin, an anticoagulant, and is caused by the formation of abnormal antibodies that activate platelets.
Argatroban will also work as an anticoagulant in preventing the clotting of the blood in adults at risk of HIT undergoing coronary angioplasty, a non-surgical procedure used to treat the stenotic coronary arteries of the heart found in coronary heart disease.
"Hikma is pleased to be bringing argatroban injection to market," Chief Executive Officer of Hikma, Samih Darwazah, said in a statement.
"Argatroban will expand our injectables product line and help to differentiate our product portfolio in the US."
Argatroban injection made approximately $105m in sales for the 12 months ending October 2012, according to IMS Health.
Hikma will be selling the argatroban injection in 100mg/ml vials and was developed through the company's partnership with the speciality pharmaceutical company, Exela Pharma Sciences.
Shares for Hikma, which has a market capitalisation of £1,488.17m, reported a 0.26% drop in shares to 755.00p at 10:15 Thursday.
RD
-
Tesla earnings: live preview and analysisCan the electric car-maker overcome a big deliveries miss ahead of earnings?
-
Can I shield my ISAs from inheritance tax?Many investors and savers will be wondering if there’s anything they can do to protect their ISAs from inheritance tax, especially as pensions will become liable for the levy from April 2027. We reveal the options available to ISA customers
