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EAST HANOVER, N.J., March 26, 2001 Novartis Oncology today announced that Glivec* [pronounced GLEE-vek] has been
designated priority review by the U.S. Food and Drug Administration (FDA)
for possible use as treatment of patients with chronic myeloid leukemia
(CML) in the blast crisis, accelerated phase or in chronic phase after
failure of interferon-alpha therapy. The FDA grants priority reviews for
products that may offer a significant improvement compared to marketed
products.
Novartis submitted the new drug application (NDA) for Glivec on February 27,
2001. Submissions have taken place also in the European Union, Switzerland
and other countries, and the filing for Japan is expected shortly as well.
In addition, priority reviews have been granted in other countries.
"Novartis is pleased by the FDA's decision to grant priority review of
Glivec," said David Epstein, President, Novartis Oncology. "We will continue
to work closely with the Agency so that Glivec can get to the market and be
available to patients as quickly as possible."
The filing application is based on study results from approximately 1,230
patients in 32 centers located in five countries. In fewer than three years
since the initiation of clinical trials, Glivec has been studied in more
than 5,000 patients in 30 countries. Based on early study results, the FDA
had designated Glivec fast track status during development for the myeloid
blast crisis phase indication of CML. In addition, Glivec was granted Orphan
Drug designation by the United States, European Union and Japan.
CML is one of the four most common types of leukemia. Worldwide, the disease
is responsible for 15 to 20 percent of all adult leukemias.
In clinical trials, Glivec has been generally well tolerated, with side
effects including nausea, muscle cramps, edema, skin rash, diarrhea,
heartburn, and headache, which have been largely mild or moderate in
intensity. Fewer than three percent of patients have experienced serious
side effects such as the potential for liver toxicity, fluid retention
syndrome, and hemorrhages.
Cautionary TaleThis release contains certain "forward-looking statements" relating to the company's business, which can be identified by the use of forward-looking terminology such as "will," "significant improvement," "quickly," or similar expressions, or by discussions of strategy, plans or intentions. Such statements include descriptions of a new product, Glivec, for which the company has filed global marketing applications, and anticipated customer demand for such products. Such statements reflect the current views of the company with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements of Glivec to be materially different from any future results, performances or achievements that may be expressed or implied by such forward-looking statements. Some of these are uncertainties relating to unexpected regulatory delays, future clinical trial results, government regulation or competition in general, as well as factors discussed in the company's Form 20F filed with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected.
About NovartisNovartis Oncology is a business unit under Novartis AG. It has operations within Novartis Pharma AG in Switzerland as well as Novartis Pharmaceuticals Corporation in the United States. Novartis (NYSE: NVS) is a world leader in healthcare with core businesses in pharmaceuticals, consumer health, generics, eye-care, and animal health. In 2000, the Group's ongoing businesses achieved sales of CHF 29.1 billion (USD 17.2 billion) and invested approximately CHF 4.0 billion (USD 2.4 billion) in R&D. Headquartered in Basel, Switzerland, Novartis employs about 67,600 people and operates in over 140 countries around the world.
Source: Novartis Oncology
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