Drugmaker Roche wins US FDA's breakthrough therapy label for autism drug
[ZURICH] Swiss drugmaker Roche said on Monday the US Food and Drug Administration granted its breakthrough therapy designation for Balovaptan to treat autism spectrum disorder (ASD), potentially accelerating its development and approval.
Balovaptan, which may improve social interaction and communication in people with ASD, is being developed by Roche's Swiss-based pRED research unit and has an expected filing date of after 2020, according to the company's website.
Autism spectrum disorder has no standard FDA-approved drugs for its core symptoms such as social interaction difficulties, communication challenges and a tendency to engage in repetitive behaviours. Roche said Balovaptan has shown the potential to improve social interaction and communication in people with ASD.
"We look forward to working closely with the FDA in the hope that we can bring this medicine to these individuals as quickly as possible," said Roche chief medical officer Sandra Horning.
Roche's pRED research and development unit has historically lagged the output of its California-based Genentech unit, the source of nearly all its biggest sellers.
Still, the Basel-based company has begun highlighting several pRED medicines, including Balovaptan, as among its top drug prospects.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Holiday Inn owner IHG’s Q1 revenue up 2.6%, leisure travel demand remains strong
WSJ moves Asia headquarters from Hong Kong to Singapore
South Korea to slap fines on food suppliers for ‘shrinkflation’
Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share
Live Nation’s revenue beats estimates as boom in concerts drive ticket sales
Jim Beam owner bets on canned vodka cocktails to double revenue