May 14 (Reuters) - The U.S. Food & Drug Administration
has extended its review of Ascendis Pharma's ( ASND ) therapy to
treat adult patients with a hormone disorder by three months,
the company said on Tuesday.
U.S.-listed shares of the company were down 6.6% in late
afternoon trading.
The health regulator notified that data submitted for the
ongoing review of the therapy, called TransCon PTH, constituted
"a major amendment" to the company's application seeking market
approval.
Last year, the FDA declined to approve the Danish
drugmaker's once-daily therapy, TransCon PTH, citing concerns
linked to manufacturing controls of the drug and device
combination.
The FDA, however, did not express any concerns about the
clinical data submitted at that time and did not seek fresh
pre-clinical or late-stage trials in its so-called complete
response letter.
The FDA is now set to make its decision known by Aug. 14.
Ascendis CEO Jan Mikkelsen said the company has responded to
all requests received to date from the FDA and will work with
the agency as it continues its review.
The disorder known as hypoparathyroidism is caused by the
absence of the parathyroid hormone that regulates calcium and
phosphorus levels in the body.
The disorder causes low calcium levels and high
phosphorus levels in the blood, in which patients suffer from
muscle cramps, seizures and long-term symptoms such as high risk
of kidney disease and depression.
The current standard-of-care treatment for the condition is
the daily intake of vitamin D and calcium supplements.
Tokyo-listed drugmaker Takeda's Natpara was the
only approved treatment for this condition, but unresolved
supply issues have resulted in discontinuation of the treatment.
Ascendis' therapy, marketed under the name Yorvipath,
gained approval in UK in April. It is already available in
Germany and Austria and had first-quarter sales of 1.5 million
euros ($1.62 million) for the first two months since its launch.
($1 = 0.9244 euros)