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Novartis (NVS) Gains After Afinitor Drug Approved By FDA To Treat Kidney Tumors

 April 26, 2012 11:42 PM
 

Novartis AG (NYSE:NVS) affiliate Novartis Pharmaceuticals Corp. said its Afinitor (everolimus) drug to treat patients with non-cancerous kidney tumors associated with tuberous sclerosis complex was approved by the US Food and Drug Administration (FDA), sending its shares up 0.71% in aftermarket.

FDA approved Afinitor (everolimus) tablets for the treatment of adult patients with kidney tumors known as renal angiomyolipomas and tuberous sclerosis complex (TSC), who do not require immediate surgery. This marks the first approval of a medical treatment in this patient population.

The accelerated approval was based on the Phase 3 EXIST-2 (Examining everolimus In a Study of TSC) trial, which found that 42% of patients on everolimus experienced an angiomyolipoma response versus 0% of patients in the placebo arm.

The time to angiomyolipoma progression was also statistically significantly longer in patients on everolimus. Among the 97% of trial patients with skin lesions, one of the key concerns for the majority of patients with TSC, a 26% response rate was seen with everolimus versus 0% with placebo.

Novartis previously received approval for everolimus for the treatment of adult and pediatric patients, aged three or older, with subependymal giant cell astrocytoma (SEGA) associated with TSC who require therapeutic intervention but are not candidates for curative surgical resection, in the U.S. and in more than 40 additional countries. Filings for renal angiomyolipoma are under way in multiple countries outside of the U.S.

Affecting about 25,000 to 40,000 people in the U.S., TSC can affect many different parts of the body, including the kidneys and brain, as well as the heart, lungs and skin.

Tuberous sclerosis complex is associated with a variety of resulting disorders, including skin lesions, seizures, swelling in the brain (hydrocephalus), kidney failure, developmental delays and behavioral issues.

NVS closed Thursday's regular session up 0.47% at $55.11. The stock has been trading between $51.60 and $64.82 for the past 52 weeks.


Rich
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