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BTG gets green light in Canada

Shares in BTG rose 1 per cent after the group won approval for its varicose veins treatment Varithena in Canada.
August 7, 2015

Just as we suspected, BTG (BTG) is slowly getting its Varithena product off the ground in North America. The pharma group has admitted sales of Varithena across the US will be slower than first expected, due to reimbursement issues born out of 'ObamaCare', but things are looking brighter across the border.

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BTG announced that Health Canada - the Canadian government's department for national health - has approved the varicose veins treatment. A commercial launch has been scheduled for the first half of 2016, and is expected to be available to the patient population of 3.7m people.