The findings from the two pivotal phase 3 (SUNBEAM and RADIANCE Part B) trials pave the way
for ozanimod to enter the New Drug Approval process with the U.S. Food and Drug Administration (FDA).
A significant reduction in gadolinium - enhanced MRI lesions at 1 year was also demonstrated
for ozanimod 1 mg (63 percent, p < 0.0001) and ozanimod 0.5 mg (34 percent, p = 0.0182) compared with IFN.
Celgene Corporation (NASDAQ: CELG) is under continued stock pressure Wednesday after the U.S. Food and Drug Administration rejected its New Drug Application
for ozanimod in the treatment of relapsing multiple sclerosis.
Celgene Corporation (NASDAQ: CELG) shares plummeted 10 percent Tuesday evening after the U.S. Food and Drug Administration rejected its New Drug Application
for ozanimod in the treatment of relapsing multiple sclerosis.
In particular, the complaint alleges that throughout the Class Period, defendants made materially false and / or misleading statements and / or failed to disclose that (1) the trials for GED - 0301 suffered from fatal design defects, such that GED - 0301 had failed to demonstrate meaningful clinical efficacy; (2) the growth of Otezla sales had dramatically slowed during Celgene's third fiscal quarter of 2017; and (3) the clinical and nonclinical pharmacology data in Celgene's new drug application («NDA»)
for Ozanimod were insufficient to permit a complete review by the FDA, which resulted in the FDA issuing a refusal to file letter to Celgene regarding the NDA.
Not exact matches
Morgan Stanley said it expects a delay of up to three years
for Celgene's key multiple sclerosis drug,
ozanimod.
Celgene signaled high hopes
for its experimental multiple sclerosis drug
ozanimod, with key data imminent.
It acquired Receptos last year
for $ 7.2 billion, gaining hold of promising experimental multiple sclerosis and ulcerative colitis drug
ozanimod in the process.
If approved
for both indications,
ozanimod sales are expected to hit $ 4 billion to $ 6 billion annually at their peak.
Ozanimod: Key Driver «Exciting time
for us and, I...
The SUNBEAM study evaluated two doses (1 mg and 0.5 mg) of oral
ozanimod in 1,346 patients with RMS in 20 countries treated
for at least one year.
Ozanimod demonstrated a significant reduction in new or enlarging T2 lesions over one year
for 1 mg (48 percent, p < 0.0001) and 0.5 mg (25 percent, p = 0.0032) compared with IFN.
Ozanimod is also being studied by Celgene
for treating forms of inflammatory bowel disease.
«The success of
ozanimod shows that academia and the NIH can make transforming discoveries that benefit patients and those that care
for them,» said Rosen.
The RADIANCE Part B study evaluated two doses (1 mg and 0.5 mg) of oral
ozanimod compared with IFN in 1,320 patients with RMS in 21 countries treated
for two years.