by Kathy Jones on  May 7, 2011 at 5:12 PM Corporate News
 Novartis Announces FDA Approval for Rare Pancreatic Cancer Drug
Swiss pharmaceutical giant Novartis has announced that its cancer drug Afinitor has received approval from the US Food and Drug Administration to be used in the treatment of a rare pancreatic cancer.

Afinitor had earlier received unanimous backing by a US advisory panel to use the drug in treating advanced pancreatic neuroendocrine tumors even though one of the FDA officials had questioned Novartis' findings on whether the drug was beneficial or not.

Novartis had narrowed down the benefits in its approval application before successfully presenting it to the FDA and is now looking forward towards a similar result in Europe after having filed applications with the European Medicines Agency and the Swiss regulator.

Stating that their drug was the first to be approved for the disease for more than three decades in the United States, Novartis released a statement saying, "Data show Afinitor delays tumor growth and reduces risk of disease progression in patients with advanced neuroendocrine tumors (NET) of pancreatic origin."

Source: Medindia

Most Popular on Medindia