The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAstrazeneca Regulatory News (AZN)

Share Price Information for Astrazeneca (AZN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 12,138.00
Bid: 12,136.00
Ask: 12,140.00
Change: -158.00 (-1.28%)
Spread: 4.00 (0.033%)
Open: 12,226.00
High: 12,266.00
Low: 12,068.00
Prev. Close: 12,296.00
AZN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Update on Epanova Phase III STRENGTH trial

13 Jan 2020 07:00

RNS Number : 5577Z
AstraZeneca PLC
13 January 2020
 

13 January 2020 07:00 GMT

 

Update on Phase III STRENGTH trial for Epanova in mixed dyslipidaemia

 

Independent Data Monitoring Committee has recommended to discontinuethe trial as Epanova is unlikely to demonstrate a benefit to patients

 

Following the recommendation from an independent Data Monitoring Committee, AstraZeneca has decided to close the Phase III STRENGTH trial for Epanova (omega-3 carboxylic acids) due to its low likelihood of demonstrating a benefit to patients with mixed dyslipidaemia (MDL) who are at increased risk of cardiovascular (CV) disease.

 

STRENGTH is a large-scale, global CV outcomes trial designed to evaluate the safety and efficacy of Epanova compared to placebo, both in combination with standard-of-care statin medicines.

 

Mene Pangalos, Executive Vice President, BioPharmaceuticals R&D, said: "It was important to assess the potential benefit of Epanova in mixed dyslipidaemia. We are disappointed by these results, but we remain committed to addressing the needs of patients in the cardiovascular space where we have an extensive pipeline."

 

Steven E. Nissen MD, Study Chair for the STRENGTH trial and Chief Academic Officer for the Heart and Vascular Institute, Cleveland Clinic, US, said: "The academic leadership of the STRENGTH trial is obviously disappointed in this result, but we are very proud to have had the opportunity to answer this important scientific question. We are also grateful for the opportunity to conduct the STRENGTH trial as an exemplary collaboration between academic physicians and industry."

 

This trial will now be closed in an orderly fashion, and full data will be presented at a forthcoming medical meeting.

 

Financial considerations

A review is being undertaken of the ongoing value of the $533m Epanova intangible asset. Any impairment will be treated as a non-Core item in the fourth quarter of 2019. A write down of up to $100m relating to inventories is also anticipated to impact the Core earnings in the fourth quarter of 2019.

 

STRENGTH

STRENGTH is a large-scale CV outcomes trial evaluating the effect of Epanova 4g daily compared to placebo (corn oil) on reducing the risk of major adverse cardiovascular events (MACE) in patients on optimal statin therapy with mixed dyslipidaemia and at high risk for CV disease. A total of 13,086 patients were enrolled at 675 sites in 22 countries.

 

Mixed dyslipidaemia

MDL includes patients with raised triglyceride levels (moderate hypertriglyceridemia) between 175-499mg/dL mg/dL, and low HDL cholesterol. Elevated triglycerides affect a growing number of patients and is often worsened by other factors such as diabetes or obesity. Lifestyle changes and potentially treating the underlying cause is likely to at least partly improve the condition and reduce cardiovascular risk.

 

Epanova

Epanova is a fish oil-derived mixture of free fatty acids primarily composed of EPA and DHA. It is approved in the US and indicated as an adjunct to diet to reduce triglyceride levels in adult patients with severe (≥500 mg/dL) hypertriglyceridaemia, and this indication is not impacted by the data from the STRENGTH trial.

 

AstraZeneca in CVRM

Cardiovascular, Renal and Metabolism (CVRM) together forms one of AstraZeneca's three therapy areas and is a key growth driver for the Company. By following the science to understand more clearly the underlying links between the heart, kidneys and pancreas, AstraZeneca is investing in a portfolio of medicines to protect organs and improve outcomes by slowing disease progression, reducing risks and tackling comorbidities. The Company's ambition is to modify or halt the natural course of CVRM diseases and potentially regenerate organs and restore function, by continuing to deliver transformative science that improves treatment practices and cardiovascular health for millions of patients worldwide.

 

AstraZeneca

AstraZeneca (LSE/STO/NYSE: AZN) is a global, science-led biopharmaceutical company that focuses on the discovery, development and commercialisation of prescription medicines, primarily for the treatment of diseases in three therapy areas - Oncology, Cardiovascular, Renal and Metabolism, and Respiratory. AstraZeneca operates in over 100 countries and its innovative medicines are used by millions of patients worldwide. Please visit astrazeneca.com and follow the Company on Twitter @AstraZeneca.

 

Media Relations

Gonzalo Viña

+44 203 749 5916

Rob Skelding

Oncology

+44 203 749 5821

Rebecca Einhorn

Oncology

+1 301 518 4122

Matt Kent

BioPharmaceuticals

+44 203 749 5906

Angela Fiorin

BioPharmaceuticals

+44 1223 344 690

Jennifer Hursit

Other

+44 203 749 5762

Christina Malmberg Hägerstrand

Sweden

+46 8 552 53 106

Michele Meixell

US

+1 302 885 2677

Investor Relations

Thomas Kudsk Larsen

+44 203 749 5712

Henry Wheeler

Oncology

+44 203 749 5797

Christer Gruvris

BioPharmaceuticals (Cardiovascular, Metabolism)

+44 203 749 5711

Nick Stone

BioPharmaceuticals (Renal) Environmental, Social and Governance

+44 203 749 5716

Josie Afolabi

BioPharmaceuticals (Respiratory)

Other medicines

+44 203 749 5631

Craig Marks

Finance

Fixed income

+44 7881 615 764

Jennifer Kretzmann

Corporate access

Retail investors

+44 203 749 5824

US toll-free

+1 866 381 72 77

 

Adrian Kemp

Company Secretary

AstraZeneca PLC

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCMZGMMVFDGGZG
Date   Source Headline
3rd Apr 20183:00 pmRNSTotal Voting Rights
3rd Apr 20187:00 amRNSFDA TO REVIEW MOXETUMOMAB FOR HAIRY CELL LEUKAEMIA
3rd Apr 20187:00 amRNSAZ AND MSD SUBMIT LYNPARZA FOR BREAST CANCER IN EU
28th Mar 20183:00 pmRNSDirector/PDMR Shareholding
26th Mar 20183:00 pmRNSDirector/PDMR Shareholding
22nd Mar 20184:48 pmRNSLokelma approved in the EU
12th Mar 20187:00 amRNSASTRAZENECA UPDATES MYSTIC TRIAL TIMELINE
7th Mar 20187:00 amRNSFiling of Form 20-F with SEC
6th Mar 201811:00 amRNSAnnual Financial Report
1st Mar 20183:00 pmRNSTotal Voting Rights
23rd Feb 201812:35 pmRNSLynparza CHMP for ovarian cancer maintainance
19th Feb 20187:00 amRNSAstraZeneca's IMFINZI approved for Stage III nsclc
15th Feb 20187:00 amRNSSelumetinib in NF1 gets FDA orphan drug status
5th Feb 20182:00 pmRNSDirector/PDMR Shareholding
2nd Feb 20187:00 amRNSAZN: Full-Year 2017 Results
1st Feb 20183:00 pmRNSTotal Voting Rights
26th Jan 20186:20 pmRNSAZ Reports Phase III Results for PT010 in COPD
26th Jan 20187:00 amRNSAZ Reports Phase III Results for PT010 in COPD
19th Jan 20187:00 amRNSASTRAZENECA'S FASENRA RECEIVES APPROVAL IN JAPAN
19th Jan 20187:00 amRNSLYNPARZA APPROVED IN JAPAN FOR OVARIAN CANCER
12th Jan 20184:10 pmRNSFDA approves Lynparza for metastatic breast cancer
10th Jan 20183:10 pmRNSAstraZeneca's Fasenra approved in the EU
2nd Jan 20183:00 pmRNSTotal Voting Rights
28th Dec 20172:00 pmRNSDirector/PDMR Shareholding
18th Dec 20177:00 amRNSFDA accepts Tagrisso submission for 1st-line nsclc
15th Dec 201712:00 pmRNSDirector/PDMR Shareholding
1st Dec 20173:00 pmRNSBlock listing Interim Review
1st Dec 20173:00 pmRNSTotal Voting Rights
28th Nov 20177:00 amRNSEMA accepts Tagrisso submission for 1st-line nsclc
27th Nov 20177:00 amRNSAZ submits Tagrisso in Japan for 1st-line nsclc
15th Nov 20177:00 amRNSAZ Fasenra receives FDA approval for severe asthma
10th Nov 201711:35 amRNSBENRALIZUMAB POSITIVE CHMP IN EOSINOPHILIC ASTHMA
9th Nov 20177:00 amRNSAZN: Year-To-Date and Q3 2017 Results Announcement
1st Nov 20173:00 pmRNSTotal Voting Rights
1st Nov 20177:03 amRNSASTRAZENECA AND ASPEN COMPLETE ANAESTHETICS DEAL
1st Nov 20177:00 amRNSAstraZeneca tralokinumab update in severe asthma
31st Oct 20175:05 pmRNSUS FDA approves AstraZeneca's Calquence for MCL
23rd Oct 20177:05 amRNSAZ and MSD rapidly advance Lynparza in Japan
23rd Oct 20177:00 amRNSUS FDA approves Bydureon BCise for type-2 diabetes
18th Oct 20177:00 amRNSFDA Priority Review for Lynparza in breast cancer
17th Oct 20177:00 amRNSFDA accepts sBLA file for Imfinzi; priority review
9th Oct 20177:00 amRNSFDA grants Tagrisso BTD for 1st-line EGFR nsclc
2nd Oct 20173:00 pmRNSTotal Voting Rights
26th Sep 201712:00 pmRNSDirector/PDMR Shareholding
14th Sep 20177:00 amRNSAspen acquires remaining rights to AZ anaesthetics
11th Sep 20177:00 amRNSTagrisso potential standard of care in lung cancer
11th Sep 20177:00 amRNSIMFINZI superior PFS in Stage III lung cancer
7th Sep 201712:39 pmRNSCelgene and AZ update on Fusion trial programme
7th Sep 20177:00 amRNSAZ Duaklir improves lung function in COPD patients
7th Sep 20177:00 amRNSAZ tezepelumab cuts exacerbations in severe asthma

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.