NPS Pharmaceuticals Partner Submits Application to Market Teduglutide in Europe

NPS Pharmaceuticals, Inc. NPSP today reported that Nycomed, a global pharmaceutical company, headquartered in Switzerland, has submitted a Marketing Authorization Application (MAA) to the European Medicines Agency (EMA) for clearance to market teduglutide (Revestive®) as a once-daily subcutaneous treatment for short bowel syndrome (SBS). The submission triggers a mid-seven digit milestone payment to NPS.