Enter multiple symbols separated by commas

Drug from Biogen Idec, Elan Gets FDA Approval

Biogen Idecand Elan Corp.have won U.S. approval to market the drug Tysabri for treating the bowel disorder Crohn's disease, U.S. regulators said.

The Food and Drug Administration, in a notice to reporters, said it scheduled a briefing for later Monday on the approval of Tysabri for Crohn's disease. The drug already is sold as a therapy for multiple sclerosis.

Biogen shares rose more than 1.5 percent Monday, while shares of Elan were more than 0.5 percent higher.

Elan said the FDA approved Tysabri for certain adults with moderately to severely active Crohn's disease. The companies expect Tysabri will be available to Crohn's patients by the end of February, Elan said in a statement.

Tysabri was temporarily withdrawn from the market in 2005 amid three cases of serious brain infection. The drug is sold now with warnings, distribution limits and other restrictions.

Crohn's disease is a bowel inflammation that causes potentially disabling abdominal pain, weight loss, fever and rectal bleeding.

Contact Health Care


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.