Shares of Biogen and Japanese pharmaceutical company Eisai jumped Wednesday after the drug makers said their potential treatment for Alzheimer's showed promise in slowing the fatal disease that afflicts more than 6 million Americans.
Shares of Biogen and Japanese pharmaceutical company Eisai jumped Wednesday after the drug makers said their potential treatment for Alzheimer's showed promise in slowing the fatal disease that afflicts more than 6 million Americans. results from a late-stage study of nearly 1,800 people with early-stage Alzheimer's. The infused treatment, lecanemab, curtailed patient decline by 27% when compared to a placebo after 18 months.
The company is already seeking an accelerated approval from the U.S. Food and Drug Administration, and the agency is expected to decide by early next year. Eisai and Biogen will co-promote the drug.The initial results appear to be"quite robust" and will likely support regulatory approval, Mizuho Securities analyst Graig Suvannavejh said in a research note.
Beyond the one in three seniors that die with Alzheimer's or another dementia, their toll extends to the more than 11 million Americans who provide unpaid care for those afflicted, according to the Alzheimer's Association. ItBiogen's Aduhelm flops
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