Seattle, USA-based Cell Therapeutics revealed this morning that it had received a Complete Response Letter from the Food and Drug Administration regarding its New Drug Application for Pixuvri (pixantrone dimaleate) for relapsed or refractory aggressive non-Hodgkin's lymphoma (NHL), which calls for further clinical data.
The FDA cited as its primary reason for the action its concerns previously raised at the Oncologic Drugs Advisory Committee (ODAC) meeting on March 22, and recommended the company conduct an additional trial to demonstrate the safety and effectiveness of its product. Following that news, CT's already battered share price, which had closed at $0.92 on March 21, plunged a further $0.59. US markets had not opened as this story was filed, so today's investor reaction is not available as yet.
Based on the FDA's ODAC presentation, which provided the Committee and the company with alternative options to consider to make investigational drugs available to patients if drugs need to be studied further prior to approval, CT has decided to an pursue expanded access program for pixantrone while it conducts an additional study in aggressive NHL.
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.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
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
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze