The drug, which AstraZeneca acquired after buying Pearl Therapeutics two years ago[#msg-88847837], combines a long-acting beta-2 agonist (LABA) and a long-acting muscarine antagonist (LAMA). AstraZeneca plans to file PT003 for approval commencing in 2015.
Rival firms also have LAMA/LABA drugs that are more advanced than PT003, but AstraZeneca's drug is administered with a pressurized metered-dose inhaler instead of a dry-powder inhaler, which may suit elderly patients in particular.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”