Everest advances Pfizer-partnered UC drug in Hong Kong
Everest Medicines (HKEX: 1952) has announced that Hong Kong’s medicines regulator will review Velsipity (etrasimod) for treating moderate-to-severe ulcerative colitis (UC).
The oral, once-daily drug, developed by Pfizer (NYSE: PFE) and licensed to Everest for Asian markets, offers an alternative to biologics and corticosteroids, which are standard options for UC patients.
Everest plans to submit data to China's National Medical Products Administration by the end of this year, aiming to reach the country's growing UC patient population, which is expected to double to one million by 2030.
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