Vertex (VRTX [1]) has unveiled a fresh set of interim trial data supporting its quest to prove that telaprevir can significantly improve the cure rate of patients with hard-to-treat cases of hepatitis C--and go on to become a megablockbuster.
Interim Phase II data demonstrated sustained viral response rates of 55 percent to 90 percent in four patient groups which had previously failed to respond sufficiently to other therapies. A separate mid-stage trial involving telaprevir produced a 55 percent cure rate--when the virus can't be detected for 24 weeks after treatment--compared to 14 percent in the arm provided standard of care.
Vertex is running an ambitious Phase III program for telaprevir. TheStreet's Adam Feuerstein notes that late-stage data on "treatment-naive and treatment-failure hepatitis C patients are expected in the middle of next year." Schering-Plough has its own late-stage drug in Phase III for hepatitis C, but telaprevir appears to have the edge among hard-to-treat patients.
As Xconomy's Luke Timmerman notes this morning, a success in Phase III will position Vertex to introduce a first-in-class therapy that can change the standard of treatment for hepatitis C patients. Physicians can quickly make telaprevir a major blockbuster if it continues to demonstrate an ability to cut the duration of therapy for treatment-naive patients and double the cure rate when added to standard therapy. That kind of data could almost immediately gin $2.6 billion in annual sales, according to Cowen & Co.
- check out the press release [2] for all the data
- read the report [3] in TheStreet
- here's the story [4] from Xconomy
Related Articles:
Vertex raises $155M to back telaprevir [5]
Vertex aims to sell telaprevir milestone payments [6]
Vertex founder: Adapt or die! [7]
Vertex buys ViroChem in $375M in hep C deal [8]
Vertex plots $320M stock offering [9]
Links:
[1] http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=VRTX&selected=VRTX
[2] http://investors.vrtx.com/releasedetail.cfm?ReleaseID=419250
[3] http://www.thestreet.com/story/10617854/1/vertex-hep-c-drug-improves-cure-rates.html?cm_ven=GOOGLEFI
[4] http://www.xconomy.com/boston/2009/10/28/vertex-hepatitis-c-drug-wipes-out-virus-for-toughest-to-treat-patients/
[5] http://www.fiercebiotech.com/story/vertex-raises-155m-back-telaprevir/2009-10-01
[6] http://www.fiercebiotech.com/story/vertez-aims-sell-telaprevir-milestone-payments/2009-07-10
[7] http://www.fiercebiotech.com/story/vertex-founder-adapt-or-die/2009-04-07
[8] http://www.fiercebiotech.com/story/vertex-buys-virochem-375m-hep-c-deal/2009-03-04
[9] http://www.fiercebiotech.com/story/vertex-plots-320m-stock-offering/2009-02-20