AstraZeneca (AZN) Withdraws App for Ovarian-Cancer Treatment in Europe

September 21, 2016 7:43 AM EDT

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AstraZeneca (NYSE: AZN) is said to have withdrawn its application for approval of cediranib in Europe following a disagreement with regulators.

Bloomberg noted that the action won't affect development of the ovarian cancer treatment.

AstraZeneca filed an application with the European Medicines Agency in June 2015 seeking approval of cediranib for use with platinum-based chemotherapy in adults with a type of ovarian cancer that’s relapsed.

Shares of AstraZeneca are indicated lower Wednesday morning.

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