Swedish drugmaker Camurus (STO: CAMX) today said that the European Commission has granted marketing authorization for Buvidal(CAM2038), with news of the approval sending the firm’s shares soaring 9.38% to 89.80 Swedish kronor.
As a result, Buvidal becomes the first and only long-acting injectable treatment available in both weekly and monthly formulations in the European Union, that is indicated for the treatment of opioid dependence within a framework of medical, social and psychological treatment in adults and adolescents aged 16 years or over.
Buvidal is currently under review by the US Food and Drug Administration, which has designated December 26, 2018, as the action date for its decision.
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