Insmed Announces Withdrawal of Marketing Authorization Application for ARIKAYCE™ in Europe
BRIDGEWATER, N.J., June 08, 2016 (GLOBE NEWSWIRE) -- Insmed Incorporated (Nasdaq:INSM), a global biopharmaceutical company focused on the unmet needs of patients with rare diseases, today announced that it has withdrawn its Marketing Authorization Application (MAA) from the European Medicines Agency (EMA) for ARIKAYCE™ for the treatment of nontuberculous mycobacteria (NTM) lung disease.
The MAA filing was based on data from the company's completed phase 2 study. During the May 2016 Committee for Medicinal Products for Human Use (CHMP) meeting, the CHMP indicated that the phase 2 study did not provide a sufficient amount of evidence to support an approval. Insmed intends to resubmit its MAA when clinical data from its ongoing global phase 3 study are available.
"We remain on track to complete patient enrollment later this year in our landmark global phase 3 CONVERT study," said Will Lewis, president and chief executive officer of Insmed. "ARIKAYCE has the potential to make a significant difference to patients whose NTM lung disease persists despite long-term courses of multi-drug regimens. We are committed to achieving our ultimate goal of making ARIKAYCE available to patients in the US, Europe, and Asia who are living with the devastating effects of this disease."
The company will continue to support numerous compassionate use programs in Europe for certain patients whose physicians believe they may benefit from ARIKAYCE but are unable to participate in the clinical study. Compassionate use programs are generally intended to make products available on a named-patient basis before they are approved or commercially available in accordance with local regulations. The company is currently supporting the compassionate use of ARIKAYCE in France, Germany, and the Netherlands. The company also expects to support a compassionate use program in Italy.
WOW! 98%! Not much for sale now the tide is rising!
Sentiment: Strong Buy
Terry must really like you Bo, cause you have a clone (Bomain..). I wasn't that lucky, but he is afraid of psychologists.. (childhood trauma perhaps..).
Insmed to Present at the Leerink Partners Rare Disease Roundtable
BRIDGEWATER, N.J., Sept. 23, 2015 (GLOBE NEWSWIRE) -- Insmed Incorporated (Nasdaq:INSM), a global biopharmaceutical company focused on the needs of patients with rare diseases, today reported that company management will participate at the 2015 Leerink Partners Rare Disease Roundtable taking place at Le Parker Meridien Hotel in NY on September 30. Andy Drechsler, chief financial officer of Insmed, will participate in an analyst-led fireside chat at 11:30 AM ET.