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Friday, October 18, 2019

European advisory group backs Lilly’s nasally administered glucagon

The European advisory group CHMP has adopted a positive opinion recommending approval of Eli Lilly’s (NYSE:LLY) Baqsimi (glucagon) for severe hypoglycemia (low blood sugar).
The product is administered through the nose via a single-use dispenser. The recipient does not have to inhale or breathe deeply after dosing, enabling delivery even in someone unconscious. Other glucagons are administered via injection.
A final decision from the European Commission usually takes ~60 days.
Related ticker: Xeris Pharmaceuticals (NASDAQ:XERS), Zealand Pharma (NASDAQ:ZEAL)
https://seekingalpha.com/news/3506826-european-advisory-group-backs-lillys-nasally-administered-glucagon

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