Takeda Pharmaceutical Co. announces on Tuesday that it has obtained consent from the U.S. Food and Drug Administration for its new diabetes drug, reports The Associated Press.

Actoplus Met is a single tablet that merges Takeda's two existing diabetes drugs, Actos and Metformin. Takeda Pharmaceuticals North America Inc. will sell the tablet in the United States starting in October.

Actos improves insulin resistance, while Metformin is used to control the level of glucose produced by the liver.

Matsutaka Matsumoto of Takeda Pharmaceutical Co. claims that thanks to Actoplus, diabetes patients won't have to take two tablets for the same treatment.

"We will continue to maximize the added value of Actos and to strengthen our franchise in the area of diabetes treatment in the U.S.," says Kiyoshi Kitazawa, general manager of Takeda's pharmaceutical development division.