Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Johnson & Johnson    JNJ   US4781601046

JOHNSON & JOHNSON (JNJ)

217
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

Johnson & Johnson : J&J Cancer Drug Zytiga Now Backed For Publicly Funded Use In UK

05/16/2012 | 05:11am US/Eastern
Recommend:
0

The U.K.'s health-care cost-effectiveness regulator Wednesday reversed an earlier decision and approved the publicly funded use of Johnson & Johnson's (JNJ) prostate-cancer pill Zytiga, after the U.S. company cut its price further.

Also known as abiraterone, Zytiga removes the prostate cancer tumor's supply of testosterone, preventing it from growing further and potentially extending a patient's life by more than three months. The medicine was rejected for use in the U.K. in February on grounds its terms of use wouldn't offer value for money.

Andrew Dillon, chief executive of the U.K.'s National Institute for Health and Clinical Excellence, or NICE, Wednesday said the manufacturer subsequently submitted fresh information, including a revised patient access scheme containing a deeper price discount to the National Health Service and more information about which patients would most benefit from its use and how many patients could receive the drug.

"These factors enabled the committee to revise its preliminary recommendation and now recommend the drug for use on the NHS," Dillon said in a statement. "It is an effective treatment, potentially extending life by more than three months, and it also allows patients to be treated at home as it can be taken orally."

Abiraterone costs GBP2,930 for a 30-day supply of 120 tablets. NICE didn't specify the size of the price cut offered by Johnson & Johnson.

Zytiga was approved by U.S. and European drug regulators last year. It is set to generate peak-year sales of $910 million.

-By Sten Stovall, Dow Jones Newswires; +44 207 842 9292; sten.stovall@dowjones.com

Recommend :
0
React to this article
Latest news on JOHNSON & JOHNSON
2d ago JOHNSON & JOHNSON : J&J SETTING UP TELANGANA UNIT FOR Rs400 CRORE
4d ago JOHNSON & JOHNSON : We Are Mesh Survivors Applauds Verdict against Johnson and J..
4d ago JOHNSON & JOHNSON : First Bellwether Trial in the DePuy Orthopaedics Pinnacle Hi..
5d ago JOHNSON & JOHNSON : Ethicon to Appeal Bellwether Trial Verdict of $3.27 Million,..
5d ago Coke, J&J join big companies behind new employee wellness push
6d ago Global Feminine Hygiene (Sanitary Protection) Market Size 2014 Industry Analy..
6d ago JOHNSON & JOHNSON : Announces New Grant to Harvard Medical School to Combat Drug..
09/12 JOHNSON & JOHNSON : Announces New Grant to Harvard Medical School to Combat Drug..
09/12 BAT's novel e-cigarette rival wins UK medical approval
09/11 JOHNSON & JOHNSON : to Participate in 2014 Morgan Stanley Health Care Conference
Advertisement
Chart
Duration : Period :
Johnson & Johnson Technical Analysis Chart | JNJ | US4781601046 | 4-Traders
Income Statement Evolution
Johnson _ Johnson : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF