EMA gives nod to AZ/BMS diabetes pill

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Drugmakers got some good news from the European Medicines Agency today. AstraZeneca ($AZ) and Bristol-Myers Squibb ($BMY) garnered a positive opinion from the EMA on the companies' bid to gain approval for Komboglyze, a therapy for type 2 diabetes that combines the blood sugar-lowering drugs, Onglyza and metformin. The drug was approved in the U.S. last year. The European Commission is likely decide the market fate of the combo therapy, which is taken once a day in a single pill, in the coming months. Reuters article