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FDA Delays Approval Of AstraZeneca, Bristol-Myers Squibb Drug (NYSE: AZN) (NYSE: KNR)

The Food and Drug Administration has decided to delay its approval for new diabetes drug, dapagliflozin, created jointly by AstraZeneca and Bristol-Myers Squibb.  Regulators in the U.S. said that they cannot approve the experimental drug without more data. AstraZeneca and Bristol-Myers Squibb have announced that they are working with the FDA to determine their next steps and are in ongoing discussions... 
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