Alkermes Plc said on Tuesday the U.S. Food and Drug Administration (FDA) had approved its treatment, Lybalvi, for schizophrenia and bipolar I disorder.
The company said it expects to commercially launch the drug in the fourth quarter.
The FDA in November had declined to approve the drug, citing concerns related to a tablet coating process at its manufacturing site.
Lybalvi is a once-daily, oral antipsychotic drug composed of olanzapine, an established antipsychotic agent, and samidorphan, a new chemical entity, the company said.
Schizophrenia is a severe mental disorder and affects 20 million people worldwide, according to the World Health Organization.
The company also has FDA-approved antipsychotic and alcohol-dependence treatments in the market.
https://finance.yahoo.com/news/1-alkermes-schizophrenia-drug-gets-112818741.html
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