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    Biogen and AbbVie Receive Positive Opinion from the CHMP on ZINBRYTA™ (Daclizumab) for Treatment of Multiple Sclerosis

    Investing News Network
    Apr. 29, 2016 08:46AM PST
    Biotech Investing

    CAMBRIDGE, Mass. & NORTH CHICAGO, Ill.–(BUSINESS WIRE)–The Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has adopted a positive opinion recommending the granting of a marketing authorization for ZINBRYTA™ (daclizumab) intended for the treatment of relapsing forms of multiple sclerosis (RMS), Biogen (NASDAQ: BIIB) and AbbVie (NYSE: ABBV) announced today. ZINBRYTA …

    CAMBRIDGE, Mass. & NORTH CHICAGO, Ill.–(BUSINESS WIRE)–The Committee for Medicinal Products for Human Use (CHMP) of the
    European Medicines Agency (EMA) has adopted a positive opinion
    recommending the granting of a marketing authorization for ZINBRYTA™
    (daclizumab) intended for the treatment of relapsing forms of multiple
    sclerosis (RMS), Biogen
    (NASDAQ: BIIB) and AbbVie (NYSE:
    ABBV) announced today. ZINBRYTA is a once-monthly, self-administered,
    subcutaneous investigational treatment for RMS. ZINBRYTA is also
    currently under regulatory review in the United States, Switzerland,
    Canada and Australia.
    “For people with relapsing forms of MS (RMS) and active disease,
    ZINBRYTA has the potential to offer robust efficacy, a manageable safety
    profile through patient monitoring, and once-monthly subcutaneous
    dosing,” said Alfred Sandrock, M.D., Ph.D., executive vice president and
    chief medical officer at Biogen. “ZINBRYTA may offer another option for
    people with multiple sclerosis (MS) with its targeted mechanism of
    action (MOA) which did not cause broad and prolonged immune cell
    depletion.”
    The CHMP positive opinion is now referred to the European Commission
    (EC), which grants marketing authorizations for centrally authorized
    medicines in the European Union. A decision from the EC is expected
    within the coming months.
    “Together with Biogen, AbbVie is committed to meeting the needs of
    patients with MS, and the positive opinion issued by the CHMP is a
    critical step that moves us closer to bringing ZINBRYTA to patients in
    Europe,” said Michael Severino, M.D., executive vice president, research
    and development and chief scientific officer, AbbVie.
    According to the CHMP opinion, the benefits of ZINBRYTA are its ability
    to reduce the annualized relapse rate (ARR), as well as the risk of
    24-week confirmed disability progression. The opinion is based on
    results from two clinical trials, DECIDE and SELECT, in which ZINBRYTA
    150 mg, administered subcutaneously every four weeks improved results on
    key measures of MS disease activity in patients with RMS compared to
    AVONEX 30 mcg intramuscular injection administered weekly and placebo,
    respectively.
    In the DECIDE study, the overall incidence of adverse events was similar
    in the ZINBRYTA and AVONEX groups. In patients treated with ZINBRYTA
    compared to AVONEX, there was an increased incidence of serious
    infections (4% versus 2%), serious cutaneous reactions (2% versus <1%),
    elevations of liver transaminases greater than five times the upper
    limit of normal (6% versus 3%), gastrointestinal disorders (31% versus
    24%), and depression (8% versus 6%).
    About ZINBRYTA™ (daclizumab)
    ZINBRYTA (daclizumab) is an investigational compound being developed for
    the treatment of relapsing forms of MS. ZINBRYTA is a new form of a
    humanized monoclonal antibody that selectively binds to the
    high-affinity interleukin-2 (IL-2) receptor subunit (CD25) that is
    expressed at high levels on T-cells that become activated in people with
    MS. ZINBRYTA modulates IL-2 signaling without general immune cell
    depletion.
    Biogen and AbbVie are jointly developing ZINBRYTA.
    About Biogen
    Through cutting-edge science and medicine, Biogen discovers, develops
    and delivers worldwide innovative therapies for people living with
    serious neurological, autoimmune and rare diseases. Founded in 1978,
    Biogen is one of the world’s oldest independent biotechnology companies
    and patients worldwide benefit from its leading multiple sclerosis and
    innovative hemophilia therapies. For more information, please visit www.biogen.com.
    Follow us on Twitter.
    Biogen Safe Harbor
    This press release contains forward-looking statements, including
    statements about the anticipated timing of the EC’s decision on the
    marketing authorization for ZINBRYTA, and potential impact of ZINBRYTA,
    if approved. These statements may be identified by words such as
    “believe,” “expect,” “may,” “potential,” “will” and similar expressions,
    and are based on our current beliefs and expectations. You should not
    place undue reliance on these statements. Drug development and
    commercialization involve a high degree of risk. Factors which could
    cause actual results to differ materially from our current expectations
    include the risk that the EC may fail to approve or may delay approval
    of ZINBRYTA or may not follow the recommendation of the CHMP,
    uncertainty of success in commercialization of ZINBRYTA For more
    detailed information on the risks and uncertainties associated with our
    drug development and commercialization activities and risks relating to
    our collaborations with third parties, please review the Risk Factors
    section of our most recent annual or quarterly report filed with the
    Securities and Exchange Commission. Any forward-looking statements speak
    only as of the date of this press release and we assume no obligation to
    update any forward-looking statements, whether as a result of new
    information, future events or otherwise.
    About AbbVie
    AbbVie is a global, research-based biopharmaceutical company formed in
    2013 following separation from Abbott Laboratories. The company’s
    mission is to use its expertise, dedicated people and unique approach to
    innovation to develop and market advanced therapies that address some of
    the world’s most complex and serious diseases. Together with its
    wholly-owned subsidiary, Pharmacyclics, AbbVie employs more than 28,000
    people worldwide and markets medicines in more than 170 countries. For
    further information on the company and its people, portfolio and
    commitments, please visit www.abbvie.com.
    Follow @abbvie on
    Twitter or view careers on our Facebook or LinkedIn
    page.
    Forward-Looking Statements
    Some statements in this news release may be forward-looking statements
    for purposes of the Private Securities Litigation Reform Act of 1995.
    The words “believe,” “expect,” “anticipate,” “project” and similar
    expressions, among others, generally identify forward-looking
    statements. AbbVie cautions that these forward-looking statements are
    subject to risks and uncertainties that may cause actual results to
    differ materially from those indicated in the forward-looking
    statements. Such risks and uncertainties include, but are not limited
    to, challenges to intellectual property, competition from other
    products, difficulties inherent in the research and development process,
    adverse litigation or government action, and changes to laws and
    regulations applicable to our industry.
    Additional information about the economic, competitive, governmental,
    technological and other factors that may affect AbbVie’s operations is
    set forth in Item 1A, “Risk Factors,” in AbbVie’s 2014 Annual Report on
    Form 10-K, which has been filed with the Securities and Exchange
    Commission. AbbVie undertakes no obligation to release publicly any
    revisions to forward-looking statements as a result of subsequent events
    or developments, except as required by law.

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