Friday, March 25, 2022

European drugs regulator recommends J&J and Legend Biotech's cancer therapy

 The European Medicines Agency on Friday recommended the use of Johnson & Johnson and its partner Legend Biotech Corp's therapy to treat multiple myeloma.

The EMA's recommendation, which needs to be signed off by the European Commission, comes nearly a month after the drug was approved by the U.S. health regulator.

The treatment, Carvykti, belongs to a class of drugs known as CAR-T therapies, or chimeric antigen receptor T-cell therapies.

Legend and J&J plan to sell the drug in Greater China at 70-30 split in profit and a 50-50 split in all other countries.

https://finance.yahoo.com/news/1-european-drugs-regulator-recommends-115217652.html

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