French drugmaker Ipsen (Euronext: IPN) has received priority review for its supplemental New Drug Application from the US Food and Drug Administration for Somatuline Depot (lanreotide) injection. A decision on this submission is expected in the first quarter of 2015.
The drug is designed to treat gastroenteropancreatic neuroendocrine tumors (GEP NETs), which is supported by the results of a Phase III study, which showed Somatuline substantially prolonged time to disease progression or death versus placebo.
The company is seeking priority review status as a drug candidate with the potential to offer a significant improvement in treatment compared to currently-approved options.
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