European Medicine Agency’s Committee for Medicinal Products for Human Use also endorses Merck’s plan to extend the use of its Invanz drug for children from three months.A panel of European scientific experts Thursday recommended the approval of Whitehouse Station-based Merck”s (NYSE: MRK) Fosavance drug as a treatment for postmenopausal osteoporosis in patients at risk of vitamin D deficiency.
In a report, Reuters said the European Medicine Agency”s Committee for Medicinal Products for Human Use (CHMP) also endorsed Merck”s plan to extend the use of its Invanz drug for children from three months. Invanz is currently approved as a treatment for a range of bacterial infections in adults.
Recommendations for marketing approval by CHMP are normally endorsed by the European Commission within 90 days.
At the close of trading, Merck shares were down $0.19 to $32.35.
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