Lifted from Fierce Publications
Novartis ($NVS)
picked up an FDA breakthrough therapy designation for its
in-development treatment for blood cancer, guaranteeing the company
preferred access to top regulators as it prepares to file for approval.
The agency has added PKC412 to its breakthrough program, which is meant to accelerate the process for
treatments that could change the standard of care in particularly underserved diseases.
Novartis'
drug is an oral therapy designed to treat patients with a form of acute
myeloid leukemia, or
AML.
PKC412, also known as midostaurin, works by blocking multiple enzymes
key to cancer growth in the roughly one-third of AML patients who have
mutations in their FLT3 genes.
In Phase III data presented at the American Society of Hematology
meeting last year, the drug charted a median overall survival of 74.7
months, beating out the 25.6 months seen on placebo alone.
Novartis said it's on track to submit PKC412 for global regulatory approvals in the first half of this
year, working with Invivoscribe Technologies to develop a companion diagnostic that can screen AML patients for FLT3 mutations.
AML accounts for about 25% of all adult leukemias, according to Novartis, and has the lowest survival
rate.
"For
more than 25 years, medical developments have been limited for AML
patients and the chemotherapy
treatment strategy has essentially remained unchanged," Novartis
oncology chief Alessandro Riva said in a statement.
"We look forward to working closely with the FDA to bring PKC412
(midostaurin), the first potential AML targeted therapy, to patients as
quickly as possible."
Novartis is also developing PKC412 in mast cell leukemia and myelodysplastic syndrome