Skip to main content

Market Overview

Amgen - AstraZeneca's Asthma Candidate Under Priority Review With FDA

Share:
Amgen - AstraZeneca's Asthma Candidate Under Priority Review With FDA
  • The FDA has accepted for review Amgen Inc's (NASDAQ: AMGN) marketing application seeking approval for tezepelumab to treat asthma. 
  • Amgen is developing Tezepelumab in collaboration with AstraZeneca plc (NASDAQ: AZN).
  • Under priority review status, the agency's goal date for a decision by the FDA is during Q1 of 2022.
  • Tezepelumab was granted an FDA Breakthrough Therapy Designation for patients with severe asthma without an eosinophilic phenotype in September 2018.
  • Tezepelumab is a human monoclonal antibody that works on the primary source of inflammation: the airway epithelium, which is the first point of contact for viruses, allergens, pollutants, and other environmental insults. 
  • Specifically, tezepelumab targets and blocks thymic stromal lymphopoietin (TSLP), a key epithelial cytokine, and initiates an overreactive immune response to airway inflammation.
  • Price Action: AMGN stock closed at $243.22 on Wednesday, while AZN shares are down 0.9% at $59.21 during the premarket session on the last check Thursday.
 

Related Articles (AMGN + AZN)

View Comments and Join the Discussion!

Posted-In: asthma BriefsBiotech News Health Care Contracts FDA General

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com