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Share Price: 1,733.50
Bid: 1,732.50
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Change: 5.00 (0.29%)
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GSK gets EU approval for first gene therapy for children

Fri, 27th May 2016 15:09

LONDON, May 27 (Reuters) - The world's first life-savinggene therapy for children, developed by GlaxoSmithKline and Italian scientists, was approved for sale in Europe onFriday, in a step forward for the pioneering technology to fixfaulty genes.

Called Strimvelis, it is designed for a tiny number ofchildren with ADA Severe Combined Immune Deficiency (ADA-SCID).SCID is sometimes known as "bubble baby" disease, since thoseborn with it have immune systems so weak they must live ingerm-free environments.

Strimvelis is the second gene therapy to be approved inEurope, after UniQure's Glybera, which treats a rareadult blood disorder.

Glybera made history in 2014 as the first drug to carry a $1million price tag. GSK has not so far revealed how much itsproduct will cost but a source close to the company said lastmonth it would be "very significantly less than $1 million".

The EU approval for GSK's treatment had been expected,following a positive opinion from the European Medicines Agencylast month.

The U.S. Food and Drug Administration has yet to approve anygene therapies but a growing number of U.S. biotech companieshave products in development. (Reporting by Ben Hirschler; editing by Adrian Croft)

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