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Friday, October 18, 2019

Genmab, Janssen Get CHMP Positive Option for Expanded Darzalex Use

Genmab A/S (GMAB.KO, GMAB) Friday said the European Medicines Agency’s Committee for Medicinal Products for Human Use recommended expanded approval of Darzalex in a form of multiple myeloma.
The Copenhagen biotechnology company said the recommendation covers Darzalex in combination with lenalidomide and dexamethasone for newly diagnosed adults with multiple myeloma who are ineligible for autologous stem-cell transplant.
Genmab’s licensing partner, Johnson & Johnson’s (JNJ) Janssen Biotech Inc. unit, had filed for approval of the new indication in March. Janssen has an exclusive license to develop, manufacture and commercialize Darzalex under an August 2012 agreement with Genmab.
The European Commission, which generally follows the CHMP’s recommendations, is expected to make a final decision in the coming months, Genmab said.
Darzalex is already approved in the European Union for several indications in multiple myeloma, a cancer that forms in a type of white blood cells called plasma cells and causes cancer cells to accumulate in the bone marrow.

https://www.marketscreener.com/JOHNSON-JOHNSON-4832/news/Johnson-Johnson-Genmab-Janssen-Get-CHMP-Positive-Option-for-Expanded-Darzalex-Use-29416115/

J&J’s Janssen Gets CHMP Positive Option for Spravato

Johnson & Johnson’s (JNJ) Janssen Pharmaceutical Cos. unit on Friday said the European Medicines Agency’s Committee for Medicinal Products for Human Use recommended approval of its Spravato nasal spray for adults with treatment-resistant major depressive disorder.
The drug maker said the recommendation covers Spravato in combination with a selective serotonin reuptake inhibitor or serotonin and norepinephrine reuptake inhibitor for adults with treatment-resistant depression, meaning they haven’t responded to at least two different treatments.
The European Commission, which generally follows the CHMP’s recommendations, is expected to make a final decision by the end of the year, Janssen said.
The U.S. Food and Drug Administration in March approved Spravato for patients with treatment-resistant depression. The nasal spray is a close chemical relation to ketamine, an anesthetic that is often abused as a party drug but has been shown to have a fast-acting impact on depression symptoms.

https://www.marketscreener.com/JOHNSON-JOHNSON-4832/news/Johnson-Johnson-J-J-s-Janssen-Gets-CHMP-Positive-Option-for-Spravato-29416188/

AbbVie Gets CHMP Positive Opinion for Rinvoq in Rheumatoid Arthritis

AbbVie Inc. (ABBV) said the European Medicines Agency’s Committee for Medicinal Products for Human Use adopted a positive opinion for Rinvoq for the treatment of adult patients with moderate to severe active rheumatoid arthritis.
The CHMP positive opinion is supported by data from the pivotal Phase 3 SELECT rheumatoid arthritis program evaluating more than 4,400 patients, AbbVie said. The opinion will now be referred to the European Commission for final approval, the company said.
In Phase 3 trials, upadacitinib improved signs and symptoms of rheumatoid arthritis, inhibited radiographic progression and improved physical function, AbbVie said.

https://www.marketscreener.com/ABBVIE-12136589/news/AbbVie-Gets-CHMP-Positive-Opinion-for-Rinvoq-in-Rheumatoid-Arthritis-29416286/

UnitedHealth started at Buy by Mizuh

Target $270
https://www.benzinga.com/stock/UNH/ratings

Tandem Diabetes started at Buy by Guggenheim

Target $76
https://www.benzinga.com/stock/TNDM/ratings

Menlo Therapeutics started at Buy by Wainwright

Target $11
https://www.benzinga.com/stock/MNLO/ratings

Humana started at Buy by Mizuho

Target $316
https://www.benzinga.com/stock/HUM/ratings