🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

FDA reviewers question safety of AstraZeneca's gout drug

Published 21/10/2015, 15:53
© Reuters. A sign is seen at an AstraZeneca site in Macclesfield
DBKGn
-
AZN
-
CBAY
-

By Amrutha Penumudi

(Reuters) - U.S. Food and Drug Administration staff reviewers have raised concerns about kidney- and heart-related side effects noted in trials on AstraZeneca Plc's (N:AZN) (L:AZN) gout treatment, especially at higher doses.

FDA reviewers, in a preliminary review published on Wednesday, expressed concerns over higher death rates related to the side effects in patients who took the drug, lesinurad. (http://1.usa.gov/1PGjQL3)

Deutsche Bank (DE:DBKGn) analysts said they expected the panel to recommend an approval for the drug but with stringent safety monitoring requirements, which could limit its commercial opportunity.

The reviewers may recommend measures including post-marketing safety trials, they wrote in a note.

A panel of independent advisers to the FDA will make a recommendation on the drug on Friday. It is also expected to discuss the drug's suitability for once-daily dosing.

The regulator usually follows the panel's recommendations.

Gout is a form of arthritis in which excess uric acid forms crystals in joints and other tissues, causing painful inflammation. The condition affects nearly 8.3 million Americans.

Lesinurad, designed for use in combination with an older drug, febuxostat, works by decreasing the production of uric acid and increasing its excretion.

Analysts estimate the drug could reach annual sales of $350 million (227 million pounds) by 2020, according to Thomson Reuters Cortellis.

Although the drug is not expected to be a major contributor to AstraZeneca's sales, its success in late-stage trials vindicates the company's ability to develop new medicines.

Lesinurad was developed by Ardea Biosciences, which was acquired by AstraZeneca for $1.26 billion in 2012.

AstraZeneca's U.S.-listed shares were down 1.3 percent at $30.54 in late morning trading on Wednesday.

© Reuters. A sign is seen at an AstraZeneca site in Macclesfield

Shares of CymaBay Therapeutics Inc (O:CBAY), which is also testing a gout drug in mid-stage trials, also fell 2.2 percent to $1.76.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.