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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Amgen Inc | NASDAQ:AMGN | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.68 | 0.54% | 312.9735 | 312.00 | 312.99 | 10,184 | 14:15:50 |
By Tess Stynes
Amgen Inc. said the U.S. Food and Drug Administration granted accelerated approval for its Kyprolis combination therapy as a second-line treatment for patients with relapsed cases of multiple myeloma.
The accelerated approval allows earlier use of Kyprolis for multiple myeloma--an incurable blood cancer that often becomes resistant to treatment.
Sean Harper, head of research and development at Amgen, said in an interview that the U.S. approval "will allow a much broader population to have access to the drug."
Kyprolis, which Amgen gained with its $10.4 billion acquisition of Onyx Pharmaceuticals Inc. in 2013, initially received FDA approval in 2012 as a third-line treatment.
The accelerated approval is based on a Phase 3 study that added Kyprolis to Revlimid and dexamethasone, the previous standard of care. In the study, the three-drug combination showed a 50% improvement in progression-free survival to 26.3 months, compared with 17.6 months with just Revlimid and dexamethasone alone.
Mr. Harper added that in the study the three-drug combination's toxicity didn't increase with the addition of Kyprolis, and that the trial also provided the first clear evidence that Kyprolis doesn't cause peripheral neuropathy.
Kyprolis sales totaled $332 million during 2014, the first full year of commercialization since Amgen acquired Onyx. Domestic sales were $306 million, with the remainder abroad.
Write to Tess Stynes at tess.stynes@wsj.com
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