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FDA Rejects Preterm Birth Drug From Watson, Columbia

By Sean McLernon (February 27, 2012, 7:09 PM EST) -- The U.S. Food and Drug Administration rejected an application from Watson Pharmaceuticals Inc. and Columbia Laboratories Inc. on Monday for a progesterone drug intended to reduce the risk of preterm birth, concluding the drug's effect was not statistically significant enough to merit approval....

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