FDA Oks Provention Bio's Tzield To Delay Onset Of Type 1 Diabetes

RTTNews | 1131 days ago
FDA Oks Provention Bio's Tzield To Delay Onset Of Type 1 Diabetes

(RTTNews) - The U.S. Food and Drug Administration said it has approved Provention Bio Inc.'s Tzield (teplizumab-mzwv) injection to delay the onset of stage 3 type 1 diabetes in adults and pediatric patients 8 years and older who currently have stage 2 type 1 diabetes.

In pre-market activity on Nasdaq, Provention Bio shares were gaining around 9.7 percent to trade at $9.04.

Tzield is the first drug approved by FDA that can delay onset of type 1 diabetes, which occurs when the immune system attacks and destroys the cells that make insulin.

People with a type 1 diabetes diagnosis requires insulin shots or wearing an insulin pump to survive and must check their blood sugar levels regularly throughout the day.

Tzield injection binds to certain immune system cells and delays progression to stage 3 type 1 diabetes. The FDA noted that Tzield may deactivate the immune cells that attack insulin-producing cells, while increasing the proportion of cells that help moderate the immune response.

Tzield is administered by intravenous infusion once daily for 14 consecutive days.

The approval was given after Tzield's safety and efficacy were evaluated in a randomized, double-blind, event-driven, placebo-controlled trial with 76 patients with stage 2 type 1 diabetes.

In the trial, patients randomly received Tzield or a placebo once daily via intravenous infusion for 14 days. The primary measure of efficacy was the time from randomization to development of stage 3 type 1 diabetes diagnosis.

The trial results showed that over a median follow-up of 51 months, 45 percent of the 44 patients who received Tzield were later diagnosed with stage 3 type 1 diabetes, compared to 72 percent of the 32 patients who received a placebo.

The trial results showed a statistically significant delay in the development of stage 3 type 1 diabetes.

Tzield received Priority Review and Breakthrough Therapy designations for this indication.

John Sharretts, director of the Division of Diabetes, Lipid Disorders, and Obesity in the FDA's Center for Drug Evaluation and Research, said, "The drug's potential to delay clinical diagnosis of type 1 diabetes may provide patients with months to years without the burdens of disease."

For More Such Health News, visit rttnews.com

read more
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European stocks closed higher on Tuesday with some of the markets hitting fresh highs, amid continued optimism the Federal Reserve will consider more rate cuts next year. The volume of business was thin in most the markets as traders remained on the sidelines ahead of upcoming Christmas holidays.
RTTNews | 1h 50min ago
Canadian Stocks Turning In Mixed Performance

Canadian Stocks Turning In Mixed Performance

Canadian stocks are turning in a mixed performance on Tuesday with investors digesting the nation's GDP data and a slew of economic reports from the U.S. With truncated sessions and holidays ahead, the mood in the market remains a bit subdued and the volume of business is rather thin.
RTTNews | 2h 32min ago
U.S. Consumer Confidence Deteriorates For Fifth Straight Month In December

U.S. Consumer Confidence Deteriorates For Fifth Straight Month In December

Consumer confidence in the U.S. deteriorated for the fifth consecutive month in December, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index slid to 89.1 in December from an upwardly revised 92.9 in November.
RTTNews | 4h 29min ago
U.S. Industrial Production Rises 0.2% In November, Slightly More Than Expected

U.S. Industrial Production Rises 0.2% In November, Slightly More Than Expected

A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased by slightly more than expected in the month of November. The Fed said industrial production rose by 0.2 percent in November after edging down by 0.1 percent in October. Economists had expected industrial production to inch up by 0.1 percent.
RTTNews | 4h 33min ago
U.S. Economy Grows Much More Than Expected In Q3

U.S. Economy Grows Much More Than Expected In Q3

A report released by the Commerce Department on Tuesday showed the U.S. economy grew by much more than expected in the third quarter of 2025. The Commerce Department said real gross domestic product spiked by 4.3 percent in the third quarter after surging by 3.8 percent in the second quarter. Economists had expected GDP to jump by 3.3 percent.
RTTNews | 4h 54min ago
U.S. Durable Goods Orders Plunge 2.2% In October, More Than Expected

U.S. Durable Goods Orders Plunge 2.2% In October, More Than Expected

Reflecting a steep drop in orders for transportation equipment, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of October. The report said durable goods orders tumbled by 2.2 percent in October after climbing by an upwardly revised 0.7 percent in September.
RTTNews | 5h 8min ago