Stock Market News
AstraZeneca's selumetinib gets FDA designation for new treatment
AstraZeneca, along with Merck & Co, announced on Thursday that the US Food and Drug Administration has granted Orphan Drug Designation (ODD) for selumetinib, a MEK 1/2 inhibitor, for the treatment of neurofibromatosis type 1 (NF1).
The FTSE 100 drugmaker described NF1 as an incurable genetic condition, which affects one in 3,000 births with highly-variable symptoms, including cutaneous, neurological and orthopaedic manifestations.
It said NF1 could cause secondary complications including learning difficulties, visual impairment, pain, disfigurement, twisting and curvature of the spine, high blood pressure and epilepsy.
Plexiform neurofibromas are a neurological manifestation of NF1, the AstraZeneca board explained, and arose from nerve fascicles that tend to grow along the length of the nerve.
PNs occurred in between 20% and 50% of NF1 patients causing pain, motor dysfunction and disfigurement.
"Neurofibromatosis type 1 is a devastating condition that can lead to life-threatening complications," said AstraZeneca executive vice-president of global medicines development and chief medical officer Sean Bohen.
"There is no known cure for neurofibromatosis and there are limited treatment options to manage symptoms."
The potential benefit of selumetinib in NF1 was being explored in the US National Cancer Institute-sponsored Phase I/II SPRINT trial in paediatric patients with symptomatic NF1-related PNs, with Phase II trial results expected later in 2018.
AstraZeneca said the FDA's ODD programme provided orphan status to medicines that were defined as those intended for the safe and effective treatment, diagnosis or prevention of rare diseases or disorders, that affect fewer than 200,000 people in the US.
In addition to NF1, selumetinib was being investigated in the Phase III ASTRA trial of patients who are diagnosed with differentiated thyroid cancer following surgery and treatment with radioactive iodine.
Selumetinib was granted ODD by the US FDA for the adjuvant treatment of stage III/IV differentiated thyroid cancer in 2016.
It was also being explored as a monotherapy and in combination with other treatments in Phase I trials.
"We're looking forward to working with our colleagues at AstraZeneca to develop selumetinib and understand how it may benefit patients with NF1," commented Roy Baynes, senior vice president and head of global clinical development, and chief medical officer, at Merck's MSD Research Laboratories.
The FTSE 100 drugmaker described NF1 as an incurable genetic condition, which affects one in 3,000 births with highly-variable symptoms, including cutaneous, neurological and orthopaedic manifestations.
It said NF1 could cause secondary complications including learning difficulties, visual impairment, pain, disfigurement, twisting and curvature of the spine, high blood pressure and epilepsy.
Plexiform neurofibromas are a neurological manifestation of NF1, the AstraZeneca board explained, and arose from nerve fascicles that tend to grow along the length of the nerve.
PNs occurred in between 20% and 50% of NF1 patients causing pain, motor dysfunction and disfigurement.
"Neurofibromatosis type 1 is a devastating condition that can lead to life-threatening complications," said AstraZeneca executive vice-president of global medicines development and chief medical officer Sean Bohen.
"There is no known cure for neurofibromatosis and there are limited treatment options to manage symptoms."
The potential benefit of selumetinib in NF1 was being explored in the US National Cancer Institute-sponsored Phase I/II SPRINT trial in paediatric patients with symptomatic NF1-related PNs, with Phase II trial results expected later in 2018.
AstraZeneca said the FDA's ODD programme provided orphan status to medicines that were defined as those intended for the safe and effective treatment, diagnosis or prevention of rare diseases or disorders, that affect fewer than 200,000 people in the US.
In addition to NF1, selumetinib was being investigated in the Phase III ASTRA trial of patients who are diagnosed with differentiated thyroid cancer following surgery and treatment with radioactive iodine.
Selumetinib was granted ODD by the US FDA for the adjuvant treatment of stage III/IV differentiated thyroid cancer in 2016.
It was also being explored as a monotherapy and in combination with other treatments in Phase I trials.
"We're looking forward to working with our colleagues at AstraZeneca to develop selumetinib and understand how it may benefit patients with NF1," commented Roy Baynes, senior vice president and head of global clinical development, and chief medical officer, at Merck's MSD Research Laboratories.
Related share prices |
---|
AstraZeneca (AZN) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price