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

RTTNews | 976 hari yang lalu
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
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian shares open higher on Monday amid some optimism about a few nations striking trade deals with the U.S. ahead of the August 1 deadline. Firm metal prices are likely to trigger some buying in the materials sector.
RTTNews | 1j 31min yang lalu
UK Consumer Sentiment Remains Downbeat: S&P Global

UK Consumer Sentiment Remains Downbeat: S&P Global

British households remained pessimistic about economic conditions and their financial wellbeing in July, survey data from S&P Global showed on Monday. The S&P Global consumer sentiment index rose slightly to 45.1 in July from 45.0 in June. However, the score below 50 signals deterioration.
RTTNews | 2j 20min yang lalu
Yen Rises Amid Political Uncertainty After Japan Election

Yen Rises Amid Political Uncertainty After Japan Election

The Japanese yen strengthened against other major currencies in the European session on Monday, after Japan's ruling coalition lost its majority in the upper house, indicating the outcome was mostly priced in. Meanwhile, investors were prepared for market uncertainty ahead of a deadline on U.S. tariff discussions.
RTTNews | 2j 22min yang lalu
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the European session on Monday.
RTTNews | 3j 22min yang lalu
Sensex, Nifty Rise On Earnings

Sensex, Nifty Rise On Earnings

Indian shares recovered from an early slide to end higher on Monday, as strong Q1 earnings from heavyweights HDFC Bank, ICICI Bank and Reliance Industries helped outweigh tariff-related worries.
RTTNews | 3j 37min yang lalu
CAC 40 Moderately Lower In Cautious Trade

CAC 40 Moderately Lower In Cautious Trade

French stocks are down in negative territory in cautious trade on Monday amid a lack of significant progress in EU-US trade negotiations.
RTTNews | 3j 42min yang lalu
UK House Prices Drop In July: Rightmove

UK House Prices Drop In July: Rightmove

UK house prices declined in July as decade-high level of supply limited the pricing capacity of sellers, property website Rightmove said Monday. Average asking prices dropped 1.2 percent in July from the previous month to GBP 373,709. Data showed that as the number of available homes remained at a decade-high level, summer sellers priced even more competitively to attract buyer interest.
RTTNews | 3j 53min yang lalu