Japan’s Ministry of Health, Labor and Welfare (MHLW) has granted Orphan Drug designation to gilteritinib for the treatment of FLT3mut+ acute myeloid leukemia (AML), the drug’s prospective indication.
The positive news for the drug’s developer, Astellas Pharma (TYO: 4503), saw the firm’s shares rise 2.04% to 1,622 yen in Tokyo trading today. The US Food and Drug Administration has already granted fast track-designated gilteritinib.
Gilteritinib is at the vanguard of the company’s increasing investments in the oncology space, a company executive recently told The Pharma Letter, noting that Astellas believes that it is likely to be the ‘best in class’ agent. Having gained US approval a year ago and EU approval in September, Novartis has first mover advantage in the FLT3-targeting AML with its Rydapt (midostaurin).
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