Bioge announced that the U.S. Food and Drug Administration, FDA, has granted Breakthrough Therapy Designation, BTD, for litifilimab for the treatment of cutaneous lupus erythematosus, CLE. Litifilimab is a first in-class, humanized IgG1 monoclonal antibody targeting blood dendritic cell antigen 2. CLE is a chronic autoimmune disease affecting the skin that currently has no targeted treatments. “The FDA grants breakthrough therapy designation to programs based on the seriousness of the condition and the potential of the therapeutic candidate to provide substantial improvements over available therapies. The FDA’s designation reinforces Biogen’s (BIIB) belief that litifilimab could be a first-in-class therapy targeting BDCA2 for cutaneous lupus erythematosus,” said Priya Singhal, M.D., M.P.H., Executive Vice President and Head of Development at Biogen. “This designation is a significant milestone for litifilimab as we advance the ongoing AMETHYST Phase 3 study, with the goal of bringing a new potential therapeutic option to the millions of people living with CLE.”
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BIIB:
- Acumen price target raised to $7 from $4 at BTIG
- Balancing Long‑Term Alzheimer’s Potential Against Near‑Term MS Headwinds: Rationale for Maintaining a Hold on Biogen
- Biogen price target raised to $185 from $180 at Citi
- Eisai, Biogen announces FDA accepted to review the sBLA for lecanemab-irmb
- Biogen sees Q4 pre-tax charge of $222M, or $1.26 per share
