Gilead's Sofosbuvir Succeeds in Phase 3 Trials
Feb 4th 2013 7:13PM
Updated Feb 4th 2013 9:50PM
Biotech company Gilead Sciences reported in a press release Monday that two phase 3 studies evaluating its hepatitis C therapy sofosbuvir both hit their primary endpoints. Gilead will use the data learned from the trials as part of its regulatory filing for sofosbuvir.
Gilead's hope is to file for sofosbuvir's approval with the FDA later this year. If approved, the drug -- which Gilead acquired as part of last year's $11 billion acquisition of Pharmasset -- would become the first purely oral treatment for hepatitis C. Analysts have pegged the disease's market to climb substantially in coming years, potentially to $20 billion.
Dr. Norbert Bischofberger, Gilead's chief science officer and executive vice president of research and development, explained the results in the release: "These data support the favorable clinical profile of sofosbuvir as the backbone of a potent, safe, and well-tolerated treatment regimen that is effective across a broad range of HCV patient genotypes. ...The sofosbuvir regimens in these trials allowed us to shorten the duration of effective hepatitis C therapy to just 12 weeks for treatment-naive patients with genotypes 1 through 6."
The article Gilead's Sofosbuvir Succeeds in Phase 3 Trials originally appeared on Fool.com.Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool recommends Gilead Sciences. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.