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Novartis (NVS) Gets Positive CHMP Opinion for Jakafi, Kymriah
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Novartis (NVS - Free Report) announced that the Committee for Medicinal Products for Human Use (“CHMP”) of the European Medicines Agency has adopted a positive opinion recommending the approval of Jakavi (ruxolitinib), an oral inhibitor of the JAK 1 and JAK 2 tyrosine kinases, for an additional indication.
The CHMP has recommended approval of the drug to treat patients aged 12 years and older with acute graft versus host disease or chronic graft versus host disease (GvHD) who have an inadequate response to corticosteroids or other systemic therapies.
Per the company, a potential approval will make Jakavi the first JAK1/2 inhibitor available for patients with GvHD in Europe.
The CHMP positive opinion was based on data from the phase III REACH2 and REACH3 clinical studies wherein Jakavi demonstrated superiority versus best available therapy (BAT) in patients with steroid-refractory and steroid-dependent acute and chronic GvHD, respectively.
The drug is already approved by the European Commission for the treatment of adult patients with polycythemia vera (PV) who are resistant to or intolerant of hydroxyurea. It is also approved to treat disease-related splenomegaly or symptoms in adult patients with primary myelofibrosis (MF) (also known as chronic idiopathic MF), post-polycythemia vera MF or post-essential thrombocythemia MF.
We note Novartis licensed ruxolitinib from Incyte (INCY - Free Report) for development and commercialization outside the United States.
Incyte markets ruxolitinib as Jakafi in the United States for PV patients who have had an inadequate response to or are intolerant of hydroxyurea, for adults with intermediate or high-risk MF and for steroid-refractory acute GvHD and chronic GvHD after the failure of one or two lines of corticosteroids or other systemic therapy.
Concurrently, the CHMP also recommended approval of Kymriah (tisagenlecleucel), a CAR-T cell therapy, for the treatment of adult patients with relapsed or refractory (r/r) follicular lymphoma (FL) after two or more lines of systemic therapy.
Upon approval, r/r FL would be the third indication for which Kymriah is available to patients in the European Union. The therapy is currently approved for the treatment of pediatric and young adult patients up to and including 25 years of age with B cell acute lymphoblastic leukemia (ALL) that is refractory, in relapse post-transplant or in second or later relapse, and adult patients with r/r diffuse large B cell lymphoma (DLBCL) after two or more lines of systemic therapy.
Approval of new drugs and label expansion of existing drugs are likely to boost Novartis’ top line in the days to come.
Shares of Novartis have declined 0.8% so far this year against the industry’s growth of 2.5%.
Image Source: Zacks Investment Research
The FDA recently approved Novartis’ targeted radioligand therapy, Pluvicto, for the treatment of progressive, PSMA positive metastatic castration-resistant prostate cancer.
Novartis has a strong and diverse portfolio. Solid momentum in key brands like psoriasis drug Cosentyx, cardiovascular drug Entresto, gene therapy Zolgensma, the oncology portfolio and the launch of Kesimpta continue to boost performance.
Novartis has streamlined its business significantly and looking forward to focusing on its core business. NVS is still evaluating whether to retain or sell its generic business and expects to provide an update on the same by the end of this year.
The consensus estimate for Vertex’s 2022 earnings has increased $1.13 over the past 60 days to $14.52. Shares of VRTX have gained 9.5% in the past year.
Loss estimates for KLDO have narrowed to $1.64 from $2.13 for 2022 in the past 60 days. Earnings of Kaleido Biosciences surpassed estimates in three of the trailing four quarters and missed the same once.
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Novartis (NVS) Gets Positive CHMP Opinion for Jakafi, Kymriah
Novartis (NVS - Free Report) announced that the Committee for Medicinal Products for Human Use (“CHMP”) of the European Medicines Agency has adopted a positive opinion recommending the approval of Jakavi (ruxolitinib), an oral inhibitor of the JAK 1 and JAK 2 tyrosine kinases, for an additional indication.
The CHMP has recommended approval of the drug to treat patients aged 12 years and older with acute graft versus host disease or chronic graft versus host disease (GvHD) who have an inadequate response to corticosteroids or other systemic therapies.
Per the company, a potential approval will make Jakavi the first JAK1/2 inhibitor available for patients with GvHD in Europe.
The CHMP positive opinion was based on data from the phase III REACH2 and REACH3 clinical studies wherein Jakavi demonstrated superiority versus best available therapy (BAT) in patients with steroid-refractory and steroid-dependent acute and chronic GvHD, respectively.
The drug is already approved by the European Commission for the treatment of adult patients with polycythemia vera (PV) who are resistant to or intolerant of hydroxyurea. It is also approved to treat disease-related splenomegaly or symptoms in adult patients with primary myelofibrosis (MF) (also known as chronic idiopathic MF), post-polycythemia vera MF or post-essential thrombocythemia MF.
We note Novartis licensed ruxolitinib from Incyte (INCY - Free Report) for development and commercialization outside the United States.
Incyte markets ruxolitinib as Jakafi in the United States for PV patients who have had an inadequate response to or are intolerant of hydroxyurea, for adults with intermediate or high-risk MF and for steroid-refractory acute GvHD and chronic GvHD after the failure of one or two lines of corticosteroids or other systemic therapy.
Concurrently, the CHMP also recommended approval of Kymriah (tisagenlecleucel), a CAR-T cell therapy, for the treatment of adult patients with relapsed or refractory (r/r) follicular lymphoma (FL) after two or more lines of systemic therapy.
Upon approval, r/r FL would be the third indication for which Kymriah is available to patients in the European Union. The therapy is currently approved for the treatment of pediatric and young adult patients up to and including 25 years of age with B cell acute lymphoblastic leukemia (ALL) that is refractory, in relapse post-transplant or in second or later relapse, and adult patients with r/r diffuse large B cell lymphoma (DLBCL) after two or more lines of systemic therapy.
Approval of new drugs and label expansion of existing drugs are likely to boost Novartis’ top line in the days to come.
Shares of Novartis have declined 0.8% so far this year against the industry’s growth of 2.5%.
Image Source: Zacks Investment Research
The FDA recently approved Novartis’ targeted radioligand therapy, Pluvicto, for the treatment of progressive, PSMA positive metastatic castration-resistant prostate cancer.
Novartis has a strong and diverse portfolio. Solid momentum in key brands like psoriasis drug Cosentyx, cardiovascular drug Entresto, gene therapy Zolgensma, the oncology portfolio and the launch of Kesimpta continue to boost performance.
Novartis has streamlined its business significantly and looking forward to focusing on its core business. NVS is still evaluating whether to retain or sell its generic business and expects to provide an update on the same by the end of this year.
Novartis currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the healthcare space are Vertex Pharmaceuticals (VRTX - Free Report) and Kaleido Biosciences , both carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The consensus estimate for Vertex’s 2022 earnings has increased $1.13 over the past 60 days to $14.52. Shares of VRTX have gained 9.5% in the past year.
Loss estimates for KLDO have narrowed to $1.64 from $2.13 for 2022 in the past 60 days. Earnings of Kaleido Biosciences surpassed estimates in three of the trailing four quarters and missed the same once.