Ascendis Will Take On Daily Genotropin With Weekly Skytrofa

Company Will Try To Assert Superiority Claim

Ascendis’s growth hormone deficiency drug Skytrofa will offer a convenience advantage as a weekly injectable. But the label does not clearly delineate superiority shown in a Phase III trial.

FDA approved background, 3D rendering, blue street sign
Ascendis gets its first drug approval for weekly injectable growth hormone product

Ascendis Pharma A/S obtained its first product approval on 25 August with a US Food and Drug Administration thumbs-up for its weekly injectable formulation of somatropin in pediatric growth hormone deficiency. The Denmark-based firm offered few details about launch plans other than it anticipates introducing the product to the market during the fourth quarter and will seek “premium responsible pricing” in discussions with payers.

Analysts hailed the approval as an important validation for Ascendis’s TransCon (transient conjugation) controlled-release delivery technology

More from New Products

More from Scrip

Finance Watch: Funding Alternatives Become The Norm In Tough Public Markets

 
• By 

Public Company Edition: With fewer follow-on offerings, drug developers are pursuing other options. Axsome accessed up to $570m in debt, Evolus obtained $250m in a new credit facility and Abeona raised $155m from a PRV sale, but Apimeds was able to execute a small $13.5m IPO.

iTeos/GSK To Terminate Collaboration After TIGIT Trials Flop

 

Belrestotug is the latest anti-TIGIT candidate to fail to meet expectations. iTeos said it will pursue strategic alternatives.

‘Market Developments’ Persuade Galapagos To Rethink Spin-Off

 

CEO Paul Stoffels exits early to be succeeded by Henry Gosebruch, who will now consider ‘all options’ for the Belgian firm as it tries to claw back investor confidence.