Daiichi Sankyo leaps on quizartinib status update

11 September 2018

Japanese drug major Daiichi Sankyo (TYO: 4568) saw its share move up 4.3% to 4,563 yen after it revealed its quizartinib, an investigational FLT3 inhibitor, has been granted Orphan Drug designation by the Japan Ministry of Health, Labor and Welfare (MHLW) for the treatment of FLT3-mutated acute myeloid leukemia (AML).

“There is a critical need for new treatment options for patients with FLT3-ITD AML, especially given the poor prognosis associated with this subtype of AML,” said Koichi Akahane, executive officer, head of oncology function, R&D Division, Daiichi Sankyo.

“Following the recent US FDA Breakthrough Therapy designation for quizartinib, receiving Orphan Drug designation is another important regulatory milestone that will help accelerate the development of quizartinib in Japan. We look forward to working closely with the Japan MHLW to bring quizartinib to patients as quickly as possible,” he added.

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