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Increasing product approvals by the regulatory authorities is expected to drive the global benzodiazepine drugs market growth over the forecast period. For instance, in August 2021, Loreev XR (extended-release lorazepam) distributed by Almatica Pharma LLC (a U.S.-based pharmaceutical company), was approved by the U.S. Food and Drug Administration (FDA). It is a once daily benzodiazepine formulation that is indicated for the treatment of anxiety disorders, preoperative sedation, anterograde amnesia, and status epilepticus in adults.
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