June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

Amgen (AMGN) Migraine Drug Hits Phase III Primary Endpoint

Published 09/29/2016, 10:15 PM
Updated 07/09/2023, 06:31 AM
NOVN
-
TEVA
-
AMGN
-
AGN
-

Amgen Inc. (NASDAQ:AMGN) announced positive top-line data from a phase III study (ARISE) on calcitonin gene-related peptide (CGRP) receptor, erenumab (AMG 334), for the prevention of episodic migraine.

The multi-center, randomized, 12-week, double-blind, placebo-controlled study evaluated the safety and efficacy of erenumab in patients with episodic migraine. Data showed that patients, when treated with erenumab (70 mg), experienced a statistically significant 2.9-day reduction from baseline in monthly migraine days, in comparison to a 1.8-day reduction in the placebo arm at 12 weeks, thereby meeting the primary endpoint of the study. In addition, the safety profile of erenumab was found to be similar to placebo and consistent with previously reported studies.

Currently, additional analyses of these data are in progress and expected to be submitted at a future medical conference and for publication.

AMGEN INC Price

Earlier this year, positive data from a phase II study on erenumab for the prevention of chronic migraine were also announced. Meanwhile, the candidate is also being evaluated in a second phase III episodic migraine study (STRIVE), assessing both 70 mg and 140 mg doses for 24 weeks. The study is anticipated to be completed by the end of this year.

We note that, Amgen is developing erenumab in collaboration with Novartis AG (NYSE:NVS) , focused on the development and commercialization of treatments for migraine and Alzheimer's disease. For the migraine program, Amgen owns commercialization rights in the U.S., Canada and Japan, while Novartis has rights in Europe and Rest of World.

We note that several companies, including Teva Pharmaceutical Industries Limited (NYSE:TEVA) and Allergan plc (NYSE:AGN) among others, are developing migraine treatments targeting CGRP.

Confidential from Zacks

Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>



ALLERGAN PLC (AGN): Free Stock Analysis Report

NOVARTIS AG-ADR (NVS): Free Stock Analysis Report

AMGEN INC (AMGN): Free Stock Analysis Report

TEVA PHARM ADR (TEVA): Free Stock Analysis Report

Original post

Latest comments

Loading next article…
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.