Aspen's drug to prevent preterm birth approved by FDA

The U.S. Food and Drug Administration (FDA) has approved Aspen Pharmacare's hydroxyprogesterone caproate (HPC), which is used to prevent preterm birth in pregnant women, the South African drugmaker's CEO said on Thursday. Aspen, which operates in about 56 countries, has said before that it views the United States as presenting targeted growth opportunities for its niche women's health products such as conjugated estrogens, which is used in menopausal hormone therapy.

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