InvestorsHub Logo
Followers 144
Posts 27714
Boards Moderated 3
Alias Born 02/07/2004

Re: None

Sunday, 05/07/2023 11:19:57 AM

Sunday, May 07, 2023 11:19:57 AM

Post# of 4000
Protalix, Chiesi challenge Sanofi with EU approval for Fabry disease med as FDA decision looms

https://www.fiercepharma.com/pharma/protalix-chiesi-earn-approval-europe-fabry-disease-enzyme-replacement-therapy

By Kevin DunleavyMay 5, 2023 02:40pm

Protalix BioTherapeutics and Chiesi Farmaceutici have endured a rejection from the FDA and conducted multiple readouts of a phase 3 trial of their Fabry disease candidate.

After many stops and starts, the companies have finally scored a marketing approval in Europe for PRX-102 (pegunigalsidase alfa), an enzyme replacement therapy for the rare, genetic, progressive disorder, which causes an accumulation of fatty deposits in the lysosomes and strikes roughly 1 in 50,000 people.

The authorization is based on results from a clinical program that has tested PRX-102 in more than 140 patients with up to 7.5 years of treatment.

GlaxoSmithKline bails out of its Fabry deal with Amicus

A head-to-head trial pitting PRX-102 against Sanofi’s Fabrazyme (agalsidase beta) demonstrated noninferior efficacy in controlling the kidney disease that accompanies the disorder.

Fabrazyme, which was approved 20 years ago, is the longtime dominant drug in the Fabry disease market, generating sales of 938 million euros ($986 million) last year.

Amicus Therapeutics of Philadelphia, which earned an FDA approval for its Fabry disease drug Galafold in 2018, reported sales of $329 million last year for the treatment, which has the advantage of coming in tablet form as opposed to Fabrazyme, which—like PRX-102—is administered through IV.

Both Fabry disease treatments cost more than $300,000 annually.

Chiesi and Protalix are still awaiting a nod in the U.S. after getting a fast-track designation in 2018 and submitting for approval two years later. Inspection delays—brought on by the pandemic—helped lead to the FDA rebuff in April of 2021. The companies resubmitted 14 months ago, with an FDA decision expected next week on May 9.

Fabry patients petition NIH on shortage

With an approval in the U.S., Protalix of Israel would receive a milestone payment from Chiesi of Italy, which is commercializing the treatment worldwide.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent PLX News