Portola jumps on conditional EU approval of reversal agent

29 April 2019

Shares in US biotech Portola Pharmaceuticals (Nasdaq: PTLA) closed 3% up on Friday following news that the European Commission (EC) has granted conditional Marketing Authorization for Ondexxya (andexanet alfa).

The approval comes almost exactly a year after the US Food and Drug Administration (FDA) granted approval to the same drug, albeit that Portola has given it the trade name Andexxa in the USA.

"Our initial launch efforts will be focused on countries where Factor Xa use is among the highest"

This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Try before you buy

Free

7 day trial access

Take a Free Trial

All the news that moves the needle in pharma and biotech
Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
Receive The Pharma Letter daily news bulletin, free forever.

Become a subscriber

£820

Or £77 per month

Subscribe Now

Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
Daily roundup of key events in pharma and biotech.
Monthly in-depth briefings on Boardroom appointments and M&A news.
Choose from a cost-effective annual package or a flexible monthly subscription

The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK