Earlier this week, the U.S. Food and Drug Administration (FDA) granted approval for a new hormonal contraceptive device: Bayer AG (ADR)
This small, flexible, plastic T-shaped intrauterine device (IUD) is not very different from others used around the world. After being placed in the uterus, it releases continuously low dosages of levonorgestrel — a progestogen — providing effective birth control for up to five years. After removal, women rapidly return to their natural fertility levels.