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Genentech reports long-term efficacy of Vabysmo in eye studies

EditorNatashya Angelica
Published 02/01/2024, 03:10 AM
Updated 02/01/2024, 03:10 AM
© Reuters.

SOUTH SAN FRANCISCO - Genentech, part of the Roche Group (SIX: RO, ROG; OTCQX: RHHBY (OTC:RHHBY)), has announced new data from its global Phase III studies, indicating that its drug Vabysmo (faricimab-svoa) has maintained vision gains and effective retinal drying for over a year in patients with macular edema due to retinal vein occlusion (RVO). Nearly 60% of participants in the BALATON study and up to 48% in the COMINO study were able to extend their treatment intervals to three or four months, a significant increase from the typical monthly or bimonthly treatments for RVO.

The studies, which involved over 1,200 participants, demonstrated that Vabysmo, initially administered monthly for six months, continued to show benefits when the dosage was extended up to every four months. This could potentially reduce the number of clinic visits for patients. The safety profile of Vabysmo remained consistent with previous studies.

Levi Garraway, M.D., Ph.D., Genentech's chief medical officer, emphasized the significance of these long-term results, which build on existing clinical data supporting Vabysmo as an effective treatment option for retinal conditions that can lead to vision loss.

The findings will be presented on February 3 at the Angiogenesis, Exudation, and Degeneration 2024 conference organized by the Bascom Palmer Eye Institute in Florida. Ramin Tadayoni, M.D., Ph.D., who is presenting the data, highlighted the need for more treatment options to better serve people living with RVO and suggested that Vabysmo might improve outcomes while decreasing the frequency of treatments.

Vabysmo is a bispecific antibody that targets two pathways associated with several vision-threatening conditions by neutralizing angiopoietin-2 (Ang-2) and vascular endothelial growth factor-A (VEGF-A). It is approved in over 90 countries for wet age-related macular degeneration and diabetic macular edema, and in October 2023, it received U.S. FDA approval for the treatment of macular edema following RVO.

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The BALATON and COMINO studies are part of Genentech's extensive clinical development program for Vabysmo, which includes several Phase III and IV studies aimed at understanding and treating retinal diseases with high unmet needs. The information is based on a press release statement.

InvestingPro Insights

As Genentech continues to make strides in the treatment of retinal diseases with its drug Vabysmo, investors and stakeholders may find the financial health and market performance of Roche Group (SIX: RO, ROG; OTCQX: RHHBY) equally compelling. With a robust market capitalization of $230.56 billion and a trailing twelve-month P/E ratio of 14.07, the company stands as a prominent player in the pharmaceuticals industry. Despite a revenue decline of 6.62% in the last twelve months as of Q2 2023, the company's gross profit margin remains high at 73.12%, reflecting efficient operations and a strong market position.

InvestingPro Tips reveal that Roche has a history of maintaining dividend payments for 32 consecutive years, illustrating a commitment to shareholder returns. Additionally, the stock's low price volatility could appeal to investors seeking stability in their portfolio. For those interested in further insights, a subscription to InvestingPro now comes with a special New Year sale, offering up to a 50% discount. Use the coupon code SFY24 for an additional 10% off a 2-year InvestingPro+ subscription, or SFY241 for an additional 10% off a 1-year subscription. With more InvestingPro Tips available on the platform, investors can gain deeper analysis and perspectives on companies like Roche.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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