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Johnson & Johnson seeks FDA nod for myasthenia gravis drug

Published 29/08/2024, 10:18 pm
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SPRING HOUSE, Pa. - Johnson & Johnson (NYSE:JNJ) has submitted a Biologics License Application to the U.S. Food and Drug Administration (FDA) for the approval of nipocalimab for the treatment of generalized myasthenia gravis (gMG), a chronic autoimmune neuromuscular disorder.

The submission is based on the Phase 3 Vivacity-MG3 study, which demonstrated sustained disease control over 24 weeks in a broad population of antibody positive adult patients with gMG. The study included participants with anti-AChR+, anti-MuSK+, and anti-LRP4+ antibodies, which represent approximately 95 percent of the gMG patient population.

According to the press release, the primary endpoint of the study was the improvement in the MG-ADL score, a clinical assessment of symptoms impacting daily living, from baseline over 24 weeks. Patients treated with nipocalimab plus standard of care showed superior outcomes compared to those receiving placebo plus standard of care. Safety and tolerability were reported to be consistent with other nipocalimab studies.

Bill Martin, Ph.D., Global Therapeutic Area Head, Neuroscience at Johnson & Johnson, expressed optimism about nipocalimab's potential to provide sustained disease control for individuals living with gMG. He noted that the drug is the first in its class to demonstrate controlled safety and efficacy with consistent dosing over six months.

Nipocalimab is an investigational monoclonal antibody designed to block FcRn and reduce levels of circulating immunoglobulin G (IgG) antibodies, including autoantibodies that are implicated in gMG and other autoantibody-driven diseases. The FDA has previously granted nipocalimab several key designations, including Fast Track, Orphan drug status, and Breakthrough Therapy designation for various conditions.

gMG affects an estimated 700,000 people worldwide and can lead to symptoms such as limb weakness, drooping eyelids, double vision, and difficulties with chewing, swallowing, speech, and breathing. Current conventional therapies exist, but new treatments are sought for those who do not respond well to or tolerate these options.

This article is based on a press release statement from Johnson & Johnson.

In other recent news, Johnson & Johnson (J&J) has announced several significant developments. The company's Executive Vice President and Chief Human Resources Officer, Dr. Peter M. Fasolo, is set to retire, with Kristen Mulholland named as his successor. J&J has also made progress in its talc settlement negotiations, working towards a $6.48 billion global settlement for talc-related cancer lawsuits, with a majority of claimants reportedly in favor of the offer.

Furthermore, J&J has expanded its cardiovascular portfolio with the acquisition of V-Wave Ltd., a deal that could reach up to $1.7 billion. The acquisition is seen as a strategic move to bolster J&J's cardiovascular product lineup with V-Wave's heart implant device. RBC Capital has endorsed the acquisition, reflecting confidence in its potential market opportunity.

The U.S. Food and Drug Administration (FDA) has approved J&J's new treatment, RYBREVANT® (amivantamab-vmjw) combined with LAZCLUZE™ (lazertinib), for patients with a specific type of lung cancer. The treatment demonstrated a 30 percent reduction in the risk of disease progression or death compared to the previous standard of care. These are the recent developments for J&J, a company that continues to make headlines in the healthcare sector.

InvestingPro Insights

As Johnson & Johnson (NYSE:JNJ) seeks FDA approval for nipocalimab, the company's financial health remains robust, which could support its ongoing research and development efforts. According to InvestingPro data, Johnson & Johnson has a market capitalization of $394.6 billion, underscoring its significant presence in the pharmaceutical industry. This is further reflected in its revenue growth over the last twelve months as of Q1 2023, which stands at 5.13%, showing a steady increase in its business operations.

InvestingPro Tips highlight that Johnson & Johnson has raised its dividend for 54 consecutive years, demonstrating a strong commitment to returning value to shareholders. Additionally, the company's stock generally trades with low price volatility, which may appeal to investors looking for stable investments in the healthcare sector. It's also worth noting that there are 16 additional InvestingPro Tips available for Johnson & Johnson at https://www.investing.com/pro/JNJ, offering deeper insights into the company's financials and market performance.

From a valuation standpoint, Johnson & Johnson's P/E ratio is currently at 10.49, which indicates that the stock is trading at a low price relative to near-term earnings growth. This could suggest a potentially attractive entry point for investors considering the company's strong industry position and consistent dividend payments. Johnson & Johnson's commitment to innovation and its pursuit of new treatments like nipocalimab is supported by a solid financial base, which is essential for long-term success in the competitive pharmaceutical sector.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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