The US Food and Drug Administration has granted Breakthrough Therapy designation for brensocatib (formerly known as INS1007) for the treatment of adult patients with non-cystic fibrosis bronchiectasis (NCFBE) for reducing exacerbations, says the drug’s developer, US rare-diseases focussed biopharma Insmed (Nasdaq: INSM), whose shares were up 8.58% at $28.05 around midday.
Brensocatib is a novel oral, reversible inhibitor of dipeptidyl peptidase 1 (DPP1) currently being developed by Insmed for the treatment of bronchiectasis and other inflammatory diseases.
Insmed signed a licensing agreement with AstraZeneca (LSE: AZN) for global exclusive rights to AZD7986, a novel oral inhibitor of dipeptidyl peptidase I (DPP1, also known as cathepsin C), and renamed INS1007 in 2016, under a deal involving an upfront payment of $30 million to AstraZeneca, which is also eligible for future payments totaling $120 million in clinical, regulatory, and sales-related milestones.
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