Neurocrine Bioscience earned Food and Drug Administration approval for its drug Ingrezza.
Ingrezza is the first FDA-approved treatment for tardive dyskinesia, or uncontrolled movements of the face and body. The irreversible movement disorder occurs in 5 to 8 percent of patients taking antipsychotic drugs.
Neurocrine said the drug would be priced competitively. Last year, Neurocrine estimated Ingrezza's net price at $20,000 to $60,000 annually, depending on dosages, reports Reuters.
The drug company plans to launch Ingrezza — its first commercial product — in May.
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