financetom
Business
financetom
/
Business
/
US FDA approves Roche's drug for a chronic blood disorder (June 21)
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US FDA approves Roche's drug for a chronic blood disorder (June 21)
Jun 24, 2024 2:49 AM

June 21 (Reuters) - The U.S. Food and Drug

Administration on Thursday approved Roche's drug for a

chronic blood disorder, the Swiss drugmaker said.

The drug crovalimab, branded as PiaSky, is a monthly

under-the-skin or intravenous treatment for paroxysmal nocturnal

hemoglobinuria (PNH).

PNH is a disorder in which red blood cells break apart

prematurely. It can cause anemia, fatigue and blood clots, and

can lead to kidney disease.

Roche said the disease affects around 20,000 people

worldwide.

The approval is based on a late-stage study in which PiaSky

showed a 79.3% control in the destruction of red blood cells

versus 79% for the standard-of-care eculizumab from week 5 to

week 25.

Other treatments for PNH such as Astrazeneca's ( AZN )

Ultomiris and eculizumab, sold as Soliris, and Amgen's ( AMGN )

Bkemv require infusion by healthcare professionals.

PiaSky was approved in China in February and Japan in March.

The drug is also being tested in two other blood disorders,

atypical hemolytic uremic syndrome and sickle cell disease, and

a kidney disease called lupus nephritis.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Infosys Reports Strong Q1 Earnings, Records Highest Free Cash Flow Ever
Infosys Reports Strong Q1 Earnings, Records Highest Free Cash Flow Ever
Jul 18, 2024
Infosys Ltd ( INFY ) reported first-quarter revenue growth of 2.5% in constant currency terms year-on-year to $4.71 billion, beating the analyst consensus estimate of $4.65 billion. The stock price gained after the print. Revenues in constant currency terms increased by 3.6% quarter over quarter. EPS of $0.18 is in line with the Street analyst estimate and up from $0.17 a year ago....
Lloyds Banking Group Collaborating with Oaktree Capital to Provide Private Equity Loans
Lloyds Banking Group Collaborating with Oaktree Capital to Provide Private Equity Loans
Jul 18, 2024
08:14 AM EDT, 07/18/2024 (MT Newswires) -- Lloyds Banking Group ( LYG ) and Oaktree Capital Management said Thursday they struck a deal where Oaktree's European Private Debt platform will provide Lloyds Bank's buyout fund customers with loans of as much as 175 million British pounds ($227.2 million) each. The companies are planning to deploy up to 1 billion pounds...
Else Nutrition Partners with U.S. Navy Exchange Service Command
Else Nutrition Partners with U.S. Navy Exchange Service Command
Jul 18, 2024
08:09 AM EDT, 07/18/2024 (MT Newswires) -- Else Nutrition Holdings ( BABYF ) said Thursday that it partnered with the U.S. Navy Exchange Service Command (NEXCOM) to provide plant-based food products to NEXCOM's retail stores. Else said its products that will be available in NEXCOM stores include nutrition drinks for toddlers, nutritious shakes for growing children and cereals for babies....
Market Chatter: Stellantis, Mercedes-Benz in Talks With Serbia for Lithium Project
Market Chatter: Stellantis, Mercedes-Benz in Talks With Serbia for Lithium Project
Jul 18, 2024
08:07 AM EDT, 07/18/2024 (MT Newswires) -- Stellantis ( STLA ) and Mercedes-Benz are in discussions with Serbia to invest in lithium processing and electric vehicle battery production facilities, Bloomberg News reported Thursday, citing sources familiar with the matter. The carmakers are considering adding to Rio Tinto's (RIO) investment in Serbia's $2.4 billion Jadar mine by establishing processing facilities, Bloomberg...
Copyright 2023-2026 - www.financetom.com All Rights Reserved