Proactive Financial APP learned that gene therapy company uniQure (QURE.US) originally hoped that its Huntington’s disease candidate drug AMT-130 would receive accelerated approval from the U.S. FDA, but this expectation was recently dashed. The FDA explicitly informed the biopharmaceutical company that it needs to conduct a randomized, double-blind, sham-controlled Phase III clinical trial.
Following this news, the company’s stock price closed down about 33% on Monday.
According to a press release from the company, uniQure had previously planned to apply for approval based on data from a Phase I/II study comparing it to external controls. However, the FDA believes that the existing data are not sufficient as “the primary evidence of effectiveness needed to support the BLA submission for AMT-130.”
uniQure stated that it will request a Type B meeting with the FDA in the second quarter to discuss the next steps.
In a subsequent conference call, CEO Matthew Kapusta revealed that Phase I/II data showed the drug could slow disease progression by 75% and reduce the decline in overall functional capacity by 60%. However, he also admitted that during a pre-BLA meeting held last October, “the FDA indicated that the data submitted at that time… were unlikely to serve as the main basis for a BLA submission.”
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FDA requires Phase III trials uniQure(QURE.US) Huntington's disease gene therapy launch faces obstacles, stock plunges approximately 33%
Proactive Financial APP learned that gene therapy company uniQure (QURE.US) originally hoped that its Huntington’s disease candidate drug AMT-130 would receive accelerated approval from the U.S. FDA, but this expectation was recently dashed. The FDA explicitly informed the biopharmaceutical company that it needs to conduct a randomized, double-blind, sham-controlled Phase III clinical trial.
Following this news, the company’s stock price closed down about 33% on Monday.
According to a press release from the company, uniQure had previously planned to apply for approval based on data from a Phase I/II study comparing it to external controls. However, the FDA believes that the existing data are not sufficient as “the primary evidence of effectiveness needed to support the BLA submission for AMT-130.”
uniQure stated that it will request a Type B meeting with the FDA in the second quarter to discuss the next steps.
In a subsequent conference call, CEO Matthew Kapusta revealed that Phase I/II data showed the drug could slow disease progression by 75% and reduce the decline in overall functional capacity by 60%. However, he also admitted that during a pre-BLA meeting held last October, “the FDA indicated that the data submitted at that time… were unlikely to serve as the main basis for a BLA submission.”