Novartis files for approval of its new CAR-T cell therapy in Europe

6 November 2017

Novartis (NOVN: VX) today announced it has submitted a Marketing Authorization Application to the European Medicines Agency for Kymriah (CTL019; tisagenlecleucel) for two hematological indications.

Novartis’ share price edged up 0.7% to 84.15 Swiss francs in early trading.

In August, Swiss pharma giant Novartis won the race to market a CAR T-cell-directed therapy, receiving US Food and Drug Administration approval for its Kymriah, which the company has said is expected to achieve sales of $1 billion or more. This was followed by approval of Gilead Sciences’ (Nasdaq: GILD) Kite Pharma getting a nod from the FDA for Yescarta (axicabtagene ciloleucel) last month.

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