Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

FDA grants full approval to AbbVie's ovarian cancer drug

EditorNatashya Angelica
Published 22/03/2024, 19:18
Updated 22/03/2024, 19:18
© Reuters.

NORTH CHICAGO, Ill. - AbbVie (NYSE: NYSE:ABBV) has received full approval from the U.S. Food and Drug Administration (FDA) for ELAHERE® (mirvetuximab soravtansine-gynx) as a treatment for a specific type of ovarian cancer. This marks a significant milestone for the pharmaceutical company, particularly after its recent acquisition of ImmunoGen (NASDAQ:IMGN), which developed the drug.

ELAHERE is now approved for adult patients with folate receptor alpha (FRα)-positive, platinum-resistant epithelial ovarian, fallopian tube, or primary peritoneal cancer. These patients typically have undergone surgery and multiple therapies, including platinum-based chemotherapy, and may develop resistance requiring alternative treatments.

The approval is supported by results from the Phase 3 MIRASOL trial, which demonstrated a 35% reduction in the risk of cancer progression and a 33% reduction in the risk of death when compared to the control group receiving the investigator's choice of chemotherapy.

The trial, which enrolled 453 patients, used progression-free survival (PFS) as its primary endpoint and also evaluated overall survival (OS) and objective response rate (ORR) as key secondary endpoints.

According to Roopal Thakkar, M.D., AbbVie's senior vice president and chief medical officer, "The full FDA approval of ELAHERE for eligible patients with ovarian cancer represents the culmination of years of work by the ImmunoGen team."

Kathleen Moore, deputy director at the Stephenson Cancer Center of The University of Oklahoma and MIRASOL principal investigator, added that ELAHERE is the first treatment to show a statistically significant overall survival benefit in patients with platinum-resistant ovarian cancer.

ELAHERE is an antibody-drug conjugate that includes a folate receptor alpha-binding antibody, a cleavable linker, and the maytansinoid payload DM4, which is designed to target and kill cancer cells.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The drug's safety profile showed fewer Grade 3+ adverse events and lower discontinuation rates due to adverse events compared to the control group. However, severe ocular toxicities, including visual impairment and keratopathy, were noted as potential risks.

The Marketing Authorization Application for ELAHERE is also under review in Europe by the European Medicines Agency (EMA) and in multiple other countries. This approval could be a step forward for AbbVie's oncology portfolio, as the company continues to explore new cancer treatments.

The information about ELAHERE's approval and its clinical trial results is based on a press release statement from AbbVie.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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.