Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

AstraZeneca receives FDA approval for expanded Koselugo usage

(Sharecast News) - The US Food and Drug Administration has approved the expanded usage of AstraZeneca's Koselugo drug to adults with neurofibromatosis type 1 (NF1) - a rare, progressive, genetic condition that can impact every organ system. Koselugo, also known as selumetinib, is an oral treatment that inhibits the mitogen-activated protein kinase enzymes, which in up to 50% of NF1 patients can lead to non-malignant tumours called plexiform neurofibromas (PN) that may affect the brain, spinal cord and nerves.

Following the FDA approval, Koselugo can now be used to treat adult patients with NF1 in the US who have symptomatic, inoperable PN, expanding its usage from just "certain paediatric patients" previously.

The FDA development was based on the KOMET Phase III trial, the largest and only placebo-controlled global Phase III trial in this patient population, which showed a 20% overall response rate in tumour size reduction.

Marc Dunoyer, head of AstraZeneca's rare disease division Alexion, said Koselugo has already "transformed the treatment standard for this rare disease", and the approval "enables much-needed continuity of care and supports patients across the disease journey in the US".

Meanwhile, Annette Bakker, head of the Children's Tumor Foundation, said the approval was a "major step forward for NF patients everywhere", adding: "Koselugo has already changed what is possible for children with NF1, and now adults will benefit from that same progress."

Share this article

Related Sharecast Articles

Funding Circle signs new £700m forward flow deal with Waterfall
(Sharecast News) - SME finance platform Funding Circle has announced a £700m deal with Waterfall Asset Management to provide funding for its shorter-term loan product.
Nuveen's price for Schroders 'too cheap', says Panmure Liberum
(Sharecast News) - Panmure Liberum said on Thursday that US investment manager Nuveen's 612p a share takeover offer for Schroders is "too cheap" and "only a touch ahead of where we might have been pitching a new target price in an independent world".
Magnum Ice Cream results fail to impress as operating profit slides
(Sharecast News) - Shares in Magnum Ice Cream tumbled on Thursday as its first full-year results since the recent demerger from Unilever failed to impress.
THG strikes deal with Greencore to sell protein-enriched convenience foods
(Sharecast News) - THG is to target the booming obesity jab market through a strategic partnership with convenience food producer Greencore Group, it confirmed on Thursday.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.