EU panel deals blow to Novartis heart drug


An EU advisory committee says it won't recommend the authorization of Novartis' (NVS) Serelaxin treatment for acute heart failure.

The decision is a blow to Novartis, which believes that Serelaxin is a potential blockbuster that could help it overcome the effect of patent expirations.

Novartis intends to ask the panel to reconsider its view; if it did so, the the Swiss company could start selling the drug in Europe even though a Phase III trial is still continuing. In the U.S., Serelaxin has been designated as a "breakthrough therapy." (PR)

Meanwhile, the panel has provided a positive opinion of Novartis' Xolair treatment for the skin disease chronic spontaneous urticaria.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs