logo
  

Amgen, Allergan Get Positive CHMP Opinion For ABP 215, Biosimilar Bevacizumab

Amgen (AMGN) and Allergan plc. (AGN) announced that the Committee for Medicinal Products for Human Use or CHMP of the European Medicines Agency has adopted a positive opinion for the Marketing Authorization of ABP 215, a biosimilar to Avastin
or bevacizumab.

ABP 215 has been recommended for approval for the treatment of certain types of cancer, including in combination with fluoropyrimidine-based chemotherapy for metastatic carcinoma of the colon or rectum; in combination with paclitaxel for metastatic breast cancer; in combination with platinum-based chemotherapy for unresectable advanced, metastatic or recurrent non-squamous non-small cell lung cancer (NSCLC); in combination with erlotinib for unresectable advanced, metastatic or recurrent non-squamous NSCLC; in combination with interferon alfa-2a for advanced and/or metastatic renal cell cancer; in combination with carboplatin and paclitaxel, carboplatin and gemcitabine, and paclitaxel, topotecan, or pegylated liposomal doxorubicin for advanced, platinum-sensitive, or platinum-resistant recurrent epithelial ovarian, fallopian tube, or primary peritoneal cancer; and in combination with paclitaxel and cisplatin, or alternatively, paclitaxel and topotecan for persistent, recurrent, or metastatic carcinoma of the cervix.

The CHMP positive opinion will now be reviewed by the European Commission (EC), which has the authority to approve medicines for the European Union (EU). If approved, a centralized marketing authorization will be granted that will be valid in the 28 countries that are members of the EU. Norway, Iceland and Liechtenstein, as members of the European Economic Area (EEA), will take corresponding decisions on the basis of the decision of the EC.

In September 2017, ABP 215 became the first anti-cancer biosimilar, as well as the first bevacizumab biosimilar, to be approved by the U.S. Food and Drug Administration.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Electric vehicle maker Tesla Inc. revealed that it will lay off 285 workers from its Buffalo, New York workforce. The planned job cuts represent 14 percent of the total workforce of 2,032 workers in the region. The job cuts are part of the massive layoffs the company recently announced. In a related development, reports said citing an internal email sent to employees, that Tesla Chief Executive... The U.S. Commerce Department is preparing to fund $6.1 billion to US chip maker Micron Technology Inc. as part of the Government's plan to boost domestic semiconductor production, Bloomberg reported citing people familiar with the matter. The award is yet to get final approval, and will be revealed next week. In pre-market activity on the Nasdaq, Micron shares were gaining around 2 percent. Shares of ABB Ltd. were gaining around 6 percent in the morning trading in Switzerland after the Swiss engineering company on Thursday reported higher Operational EBITA, a key earnings metric, in its first quarter. Meanwhile, net profit and orders were lower and revenues were nearly flat. The company said its order intake for the first quarter was better than expected.

Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

View More Videos
Follow RTT