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Metformin was approved in Canada in 1972, [6] but did not receive approval by the U.S. Food and Drug Administration (FDA) for type 2 diabetes until 1994. [170] Produced under license by Bristol-Myers Squibb, Glucophage was the first branded formulation of metformin to be marketed in the U.S., beginning on 3 March 1995. [171]
Rank Brand Name(s) Generic Name Sales Q1 2014 Sales ($000) Change from Q4 2013 Company(ies) Disease/Medical Use First Approval Date Patent Expiration Date [6] [7]; 1: Abilify
Actavis Generics [1] (formerly known as Watson Pharmaceuticals and Actavis plc, prior to the acquisition of Irish-based Allergan, Inc.) is a global pharmaceutical company focused on acquiring, developing, manufacturing and marketing branded pharmaceuticals, generic and over-the-counter medicines, and biologic products.
metformin — the most commonly prescribed oral treatment for type 2 diabetes ... dipeptidyl peptidase-4 (DPP-4) inhibitors — these help a person’s pancreas produce more insulin and less ...
Metformin works by decreasing the amount of glucose produced by your liver and increasing how well your cells respond to insulin. This helps cells use glucose more effectively, reducing blood ...
These medications reduce the amount of glucose the body absorbs from food and that the liver produces. Metformin also helps the body to use insulin, a hormone that escorts glucose (blood sugar) to ...
Bristol Myers Squibb agreed to pay around $2.5 billion in cash to buy Inhibitex Inc. in attempt to compete with Gilead/Pharmasset to produce hepatitis C drugs. The settlement will be finished in 2 months for its Inhibitex's shareholders acceptance of 126% premium price of its price over the previous 20 trading days ended on 6 January. [57]
5. Metformin. Metformin — a biguanide — is an oral diabetes medication that helps keep blood sugar in check by causing the liver to produce less glucose. It was approved by the FDA in 1994 for ...
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