Basilea Shares Down on U.S. Setback

June 25, 2014 8:38 AM

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ZURICH—Basilea Pharmaceutica AG said Wednesday the U.S. Food and Drug Administration requires more information about its ceftobiprole pneumonia treatment before it can be approved.

The FDA needs additional phase 3 data on the drug before it can be approved in the U.S., Basilea said in a statement.

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