New label for diabetes drug

The European health authorities have approved a new label for diabetic drug Galvus, according to manufacturer Novartis AG. The drug is on the way to a European launch.
Novartis, a Swiss pharmaceutical company, will start to sell the drug to patients over the course of 2008. The European Committee for Medicinal Products had previously recommended that the label be approved .
The drug for diabetics is faring somewhat differently in American, where the Food and Drug Administration have delayed the approval since February 2007.
The chief executive of Novartis, Daniel Vasella, reportedly commented: “As long was we do not have a programme of which we are confident that we will get approval, we will not start a fresh filing process.”
Galvus is part of a new group of diabetic drugs.