Alder BioPharmaceuticals closing in on CGRP rivals

24 April 2019

Alder BioPharmaceuticals (Nasdaq: ALDR) has submitted for US approval for eptinezumab, an investigational monoclonal antibody, and the firm’s lead candidate.

Alder has been developing the calcitonin gene-related peptide (CGRP) blocker as an option against migraines, and expects a decision within the next few months. If successful, the product could be launched at the start of next year.

The firm will be looking to compete with Amgen (Nasdaq: AMGN) and Novartis’ (NOVN: VX) Aimovig (erenumab), which was approved by the US Food and Drug Administration in May and in July in Europe last year.

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