Novartis Wins MS Drug Approval in Russia

by Kathy Jones on  September 11, 2010 at 11:40 AM Drug News   - G J E 4
Swiss drugmaker Novartis revealed that it has won the approval for its multiple sclerosis drug, Gilenya in Russia and is expected to win the approval from the US Food and Drug Administration (FDA) later this month.
 Novartis Wins MS Drug Approval in Russia
Novartis Wins MS Drug Approval in Russia

Gilenya is expected to rival Merck's cladribine in Russia though Novartis is likely to beat its rival to the approval from the FDA after an overwhelmingly positive response from a number of health experts.

Kepler Capital Markets analyst Tero Weckroth said that the approval by FDA could prove to be a major boost for Novartis' sales in the US. "We expect U.S. approval in September. Although we are concerned about the speed of the sales growth after launch, the U.S. approval could be a positive trigger for Novartis", Weckroth saib

Merck KGaA's cladribine has already received approval in Russia in July, but it now appears that Novartis may be ahead in the race for US approval.

Source: Medindia

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
User Avatar
* Your comment can be maximum of 2500 characters
Notify me when reply is posted I agree to the terms and conditions

You May Also Like