Novartis' midostaurin to be showcased at ASH; analysts' view

10 November 2015

Swiss pharma giant Novartis’ (NOVN: VX) development of the FLT3 inhibitor midostaurin could at long last be nearing the finish line, courtesy of a large, investigator-sponsored acute myeloid leukemia study whose results have been given pride of place at the American Society of Hematology (ASH) meeting’s plenary session due to take place next month, comment analysts at EP Vantage, the editorial arm of Evaluate.

But the bigger question is whether this mechanistic approach is already getting stale, as suggested by the Swiss group’s low-key presence in trials. Investors looking at ASH data outside the hot field of cell therapy will probably find more of interest in studies of venetoclax ([under development by AbbVie (NYSE: ABBV]), a vital newcomer in chronic lymphocytic leukemia, and the search for immunotherapy biomarkers, the analysts note.

Midostaurin has been in trials for over a decade, and sellside consensus is for 2020 sales of only $124 million, according to EvaluatePharma.

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 account

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

Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight





More Features in Pharmaceutical