Glaxo’s lupus drug cleared by US panel

first_imgTuesday 16 November 2010 9:21 pm AN ADVISORY panel for the US Food and Drug Administration (FDA) last night recommended that the agency approve a new treatment for lupus developed by GlaxoSmithKline (Glaxo) with peer Human Genome Sciences.The committee voted 13-2 in favor of a drug called Benlysta – which analysts estimate could see annual global sales of $2.2bn by 2014 and exceed $5bn by 2020. Profits from the drug would be split equally between currently unprofitable biotech firm Human Genome and Glaxo.The FDA, which should make a decision by early December, isn’t required to follow the advice of its panels, but usually does.Benlysta is important for both companies as it’s one of the most important new drugs in Glaxo’s pipeline and Human Genome has no products on the market.The drug’s success in two large studies has produced consistent speculation that Glaxo would acquire Human Genome.There have been no new treatments in the last few decades for lupus, a disease in which the body’s immune system attacks its own organs and tissues and is most often seen in women of child-bearing age.Symptoms can include fever, swollen joints, skin rashes and severe damage of the kidneys, lungs or central nervous system. US-listed Glaxo’s shares gained 3.4 per cent to $39.85 in after-hours US trading. Share Show Comments ▼ Glaxo’s lupus drug cleared by US panel whatsappcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutionmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap KCS-content whatsapp Tags: NULLlast_img read more