News Update: Bayer AG Receives US FDA Approval of New Erectile Dysfunction Drug [pYLWAzdDsGy]
German pharmaceuticals firm Bayer AG announced Monday morning that it received U.S. Food and Drug Administration approval of its new drug Staxyn, a new formulation of the company's well-known erectile dysfunction drug, Levitra.
Bayer's American marketing partners, Merck & Co, Inc. (NYSE:MRK) and GlaxoSmithKline Plc (NYSE:GSK), said they expect the drug to be available via prescription later this year.
Bayer has submitted for European authorization of Staxyn and expects to gain approval this year, as well.
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