Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolios

Pfizer's Talzenna Gets Approval In Europe For Breast Cancer

Published 06/24/2019, 08:33 AM
Updated 07/09/2023, 06:31 AM
AAPL
-
PFE
-
BMRN
-
CLVSQ
-
AZN
-

Pfizer Inc. (NYSE:PFE) announced that the European Commission has approved its PARP inhibitor, Talzenna (talazoparib) for BRCA-mutated advanced breast cancer in previously-treated patients.

The drug is approved as monotherapy for treating locally advanced (“LA”) or metastatic breast cancer (“MBC”) patients with HER2 negative, germline breast cancer susceptibility gene (gBRCA)1/2-mutations. Patients must have received prior treatment with an anthracycline and/or a taxane in the (neo) adjuvant setting or they should be ineligible for treatment with anthracycline/ taxane.

The drug is also approved for use in patients with HR+ breast cancer who have received prior endocrine-based therapy or are unsuitable for endocrine-based therapy.

Talzenna is already approved in the United States for treating gBRCA mutated HER2-negative LA or MBC since October 2018.

Pfizer’ shares remained flat so far this year against the industry’s rise of 4.3%.

The approval of the drug in Europe was supported by data from the phase III EMBRACA study. Data from the study demonstrated that treatment with Talzenna in patients with HR+/HER2- LA or MBC achieved 46% reduction in risk of disease progression and overall response rate more than double than chemotherapy. Progression-free-survival was 8.6 months for Talzenna compared to 5.6 months for chemotherapy. The data showed that 62.6% of patients in talazoparib arm achieved complete or partial response against 27.2% of patients receiving chemotherapy.

Please note that Medivation, acquired by Pfizer in 2016, had acquired worldwide rights to Talzenna from BioMarin Pharmaceutical (NASDAQ:BMRN) . Per the terms of the Medivation-BioMarin deal, BioMarin is entitled to receive $15 million in regulatory milestone from Pfizer following the approval of Talzenna in Europe.

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

Apart from Talzenna, AstraZeneca’s (NYSE:AZN) PARP inhibitor, Lynparza, is also approved for a similar breast cancer indications. Lynparza is also approved as treatment for ovarian cancer in first or later-line maintenance setting. PARP inhibitors of Clovis Oncology (NASDAQ:CLVS) and Glaxo – Rubraca and Zejula, respectively – are approved as maintenance treatment for ovarian cancer. Both the drugs are being evaluated in clinical studies for breast cancer. There are several other PARP inhibitors, which are being developed as treatment of multiple cancer indications including breast cancer.

Zacks Rank

Pfizer currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple (NASDAQ:AAPL) sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>



Pfizer Inc. (PFE): Free Stock Analysis Report

AstraZeneca PLC (AZN): Free Stock Analysis Report

Clovis Oncology, Inc. (CLVS): Free Stock Analysis Report

BioMarin Pharmaceutical Inc. (BMRN): Free Stock Analysis Report

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

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.