Dendreon Expects To File For Provenge Marketing Approval In Mid-Nov
24 Septembre 2009 - 3:54PM
Dow Jones News
Dendreon Corp. (DNDN) expects to file for marketing approval for
prostate cancer treatment Provenge in mid-November and hopes to get
a regulatory decision in the middle of next year.
The Seattle-based drug maker reported in April that the drug
successfully prolonged patient's lives, which could make it the
first immunotherapy approved for cancer. It had previously
projected filing with the Food and Drug Administration by the end
of the year.
Provenge uses a patients' own cells to prompt the body to fight
the disease, leading many to call it a vaccine. Some observers on
Wall Street expect it to eventually be a blockbuster drug.
Dendreon shares was recently down 1% to $27.88 in pre-market
trading.
In applying to the FDA, Dendreon filed an amendment to its
previously rejected marketing application for Provenge. A FDA
advisory recommended the approval of Provenge in 2007, but the
agency requested more data.
Although Dendreon's data were performed under a special protocol
assessment, Dendreon still must pass a cautious FDA in bringing an
entirely new type of therapy to the market, including the
resolution of manufacturing questions.
Unlike making a pill, Provenge's production involves taking a
patient's cells, shipping them to the company for processing, then
returning them to a physician to be delivered via intravenous
infusion. This entire process must be performed three times over
four weeks.
-By Thomas Gryta; Dow Jones Newswires; 212-416-2169;
thomas.gryta@dowjones.com