Bloomberg - Feb 08, 2010Novartis AG (NOVN)
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Shane Storey
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Wilson HTMAn FDA advisory panel will review the staff findings and make recommendations on approval Feb 10 Omapro works differently from to
Novartis AG's Gleevec and Tasigna and Bristol Myers Squibb Co 's Sprycel, and would be the first treatment for patients with the so called T315I mutation that causes resistance to those drugs
Sales of treatments for drug resistant chronic myeloid leukemia may reach $380 million by 2020, said Shane Storey , an analyst with Wilson HTM Investment Group in Brisbane "If this product is approved, then there is a new option for at home administration of something that's going to give patients a durable response," Storey said by phone before the FDA report was posted "It's preferable to the aggressive chemotherapy options that CML patients have once they've developed T315I and face accelerated disease"
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An FDA advisory panel will review the staff findings and make recommendations on approval Feb 10 Omapro works differently from to <span class="company">Novartis AG</span>'s Gleevec and Tasigna and Bristol Myers Squibb Co 's Sprycel, and would be the first treatment for patients with the so called T315I mutation that causes resistance to those drugs<span class="sent"> Sales of treatments for drug resistant chronic myeloid leukemia may reach $380 million by 2020, said <span class="analyst">Shane Storey</span> , an analyst with Wilson HTM Investment Group in Brisbane</span> "If this product is approved, then there is a new option for at home administration of something that's going to give patients a durable response," Storey said by phone before the FDA report was posted "It's preferable to the aggressive chemotherapy options that CML patients have once they've developed T315I and face accelerated disease"
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