This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

ThromboGenics Business Update

Stocks in this article: THR

LEUVEN, Belgium, November 7, 2013 /PRNewswire/ --

  • JETREA ®   slowly continues to gain acceptance with the US retina community.
  • Company increasing US medical education efforts: increasing number of US-based Medical Science Liaison managers to 12.
  • US Organizational update: Dr Keith Steward appointed Head of US Business Operations.
  • Benefits of JETREA ® , particularly in early stage patients, confirmed by positive reimbursement guidance from both the GB-A in Germany and NICE in the UK.
  • Alcon delivers important milestones with JETREA ®   in Rest of the World: Product approved in Canada, important clinical bridging study initiated in Japan, other multiple submissions are ongoing and planned.
  • Continued focus on diabetic eye diseases: Prevention of Proliferative Diabetic Retinopathy (PDR) is next  JETREA ®   target indication.
  • On September 30, 2013, the Company's cash position is Euro 183 Million, from Euro 193.6 Million on June 30, 2013.

ThromboGenics NV (Euronext Brussels: THR), an integrated biopharmaceutical company focused on developing and commercializing innovative ophthalmic medicines, today issued a business update for the period ending 30 September, 2013.

ThromboGenics has developed JETREA ®, the first and only pharmacological treatment indicated for an important sight-threatening condition, symptomatic vitreomacular adhesion (VMA)/ vitreomacular traction (VMT) in the US and Europe respectively. VMT/ symptomatic VMA is a progressive, sight-threatening condition that may lead to visual distortion, decreased visual acuity and central blindness.

In mid-January 2013, the Company launched JETREA ® in the US through its own commercial organization.

In April 2013, its partner Alcon launched JETREA ® in Europe after it was approved by the European Commission in March. In Europe the drug is now available in the UK, Germany, Finland, Norway, Denmark and Sweden. First patients were also treated in Belgium, France and the Netherlands. ThromboGenics received €90 million in milestone payments from Alcon for the EU approval and first European sale of JETREA ®.

In October, G-BA, the highest German decision-making body responsible for determining the health care services which will be reimbursed for over 70 million publicly insured persons in Germany, confirmed the exceptional benefit appraisal JETREA ® received from IQWiG. G-BA concluded in its value assessment of JETREA ® that JETREA ® demonstrates significant therapeutic benefits for patients suffering from mild and moderate symptoms of VMT when compared with watchful waiting.

In October, UK's National Institute for Health and Care Excellence (NICE) final guidance has recommended that JETREA ® (ocriplasmin) should be reimbursed within the National Health Service (NHS) in England and Wales as an option for treating VMT patients.  

The NICE final guidance highlighted metamorphopsia as a 'severe and distressing' symptom, with its impact on the patient being comparable to a loss of two lines in visual acuity. In its final ruling, NICE has recommended reimbursing JETREA ® when used to treat patients suffering from metamorphopsia, one of the early signs of VMT.

In RoW, JETREA ® was approved in Canada in August, for the treatment of symptomatic vitreomacular adhesion. This was the first approval of this innovative drug in a market outside the US and Europe.

In Japan, Alcon has started its first clinical study with JETREA ®. This clinical bridging study is recruiting patients with symptomatic VMA/VMT including those associated with macular hole. The study is an important step in potentially gaining regulatory approval for ocriplasmin in Japan, the world's second largest pharmaceutical market.

Dr Patrik De Haes, CEO of ThromboGenics comments: " We are continuing to work to drive the adoption of this novel treatment option in patients with symptomatic VMA/VMT. Our medical education efforts are focused on  changing a treatment paradigm for early stage patients who usually undergo a period of watchful waiting prior to surgery. We are increasing the number of MSLs in the  US  so we are better placed to highlight to retina  physicians the multiple benefits of treating mild to moderate patients early.

"It is clear that these expanded educational efforts along with the provision of reimbursement and medical information support will require more time before they lead to a significant uptick in  JETREA ® 's prescribing. However, given the positive outcomes we have seen in a number of  JETREA ®   excellence centers across the US, we remain confident of generating a higher level of sales with this innovative new drug.

"In Europe, with our partner Alcon, we are encouraged by the very positive final guidance from the G-BA in Germany and NICE in the UK. Particularly important is that both of these rulings highlight the significant value of using  JETREA ®   for the treatment of patients with early symptoms. We are looking forward to further launches of  JETREA ®   across the EU during the next twelve months.

Outside Europe, Alcon is continuing to make good progress with  JETREA ® , having recently received approval for the drug in Canada and having started an important clinical bridging study in Japan. This study is a key step in potentially gaining approval for  JETREA ®   in the world's second largest pharmaceutical market."

For the full report please visit http://www.thrombogenics.com.

About  JETREA ® (ocriplasmin)

JETREA ® (ocriplasmin) is a truncated form of human plasmin. In the US, JETREA ® is indicated for the treatment of symptomatic VMA. In Europe, JETREA ® is indicated for the treatment of vitreomacular traction (VMT), including when associated with macular hole of diameter ≤ 400 microns. JETREA ® is a selective proteolytic enzyme that cleaves fibronectin, laminin and collagen, three major components of the vitreoretinal interface that play an important role in vitreomacular adhesion.

JETREA ® has been evaluated in two multi-center, randomized, double-masked Phase III trials conducted in the U.S. and Europe involving 652 patients with vitreomacular adhesion. Both studies met the primary endpoint of resolution of VMA at day 28.

JETREA ®'s Phase III program found that 26.5% of patients treated with ocriplasmin saw resolution of VMA, compared with 10.1% of patients receiving placebo (p<0.01).

The phase III program also showed that JETREA ® was generally well tolerated. Any adverse reactions were ocular. The most commonly reported were vitreous floaters, eye pain and photopsia, as well as conjunctival haemorrhage resulting from the injection procedure. Most of the adverse reactions occurred within the first week after the injection. The majority of these reactions was non-serious, mild in intensity and resolved within 2 to 3 weeks. [1]

About ThromboGenics

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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.
Submit an article to us!

Markets

DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs