Earnings

FDA Nixes Wider Use Of Rheumatoid Arthritis Drug

 

The Associated Press

The Food and Drug Administration has rejected an application to expand the use of rheumatoid arthritis treatment Rituxan for patients with earlier stages of the disease, biotech drug developers Genentech Inc. and Biogen Idec said Saturday.

Rituxan is approved to treat patients with moderate-to-severe cases of the disease who are treated first with methotrexate and another class of anti-rheumatic drugs, according to a statement from South San Francisco-based Genentech and Cambridge, Mass.-based Biogen.

The companies had hoped to have the drug approved for use in patients sooner, after they try only methotrexate.

But the FDA declined to support the expanded use due to a risk for the potentially fatal brain disease, progressive multifocal leukeoencephalopathy, for which there is no reliable treatment. The companies said that risk is rare. They have reports of three cases of this disease occurring in about 100,000 rheumatoid arthritis patients treated with Rituxan.

The FDA also updated the drug's labeling to give doctor's more information on how to treat patients with the drug again, after they have already tried it.

A Genentech spokeswoman said the FDA's decision doesn't affect current approvals for the drug, which also treats different types of blood cancer.

>To order reprints of this article, click here: Reprints

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

TheStreet Premium Services

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,393.45 1,310.33 2,827.34 15.81
Oil *
101.78
DOWN
26.41
DOWN
2.99
DOWN
10.02
DOWN
0.44
10 Yr
1.58%
SPDR Gold
151.62
-0.21%
-0.23%
-0.35%
-2.71%
Data delayed 20 minutes

Top Stories and Tools

Articles From

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet