George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDNL.L Regulatory News (DNL)

  • There is currently no data for DNL

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Scottish Medicines Consortium Update

7 Mar 2022 14:30

RNS Number : 9028D
Diurnal Group PLC
07 March 2022
 

07 March 2022

 

 

Diurnal Group plc

("Diurnal" or the "Company")

 

Scottish Medicines Consortium Update

 

Diurnal Group plc (AIM: DNL), the specialty pharmaceutical company targeting patient needs in chronic endocrine (hormonal) diseases, provides an update on the status of reimbursement of Efmody® (modified-release hydrocortisone) for NHS Scotland.

 

The Company notes that, while Efmody® remains available to prescribe in Scotland, the Scottish Medicines Consortium (SMC) has today announced that Efmody® has not been recommended for automatic reimbursement within NHS Scotland as a treatment of congenital adrenal hyperplasia (CAH) in adolescents aged 12 years and over and adults. Diurnal will generate further clinical and health-economic data to support a re-submission to the SMC at the earliest possible opportunity.

 

Diurnal will continue to make Efmody available to patients in Scotland and is committed to patient access through a number of means including support for clinicians wishing to utilise Efmody® in their clinics.

 

As a result of the SMC decision, Diurnal's Efmody® sales forecasts for the UK will be impacted reflecting the reliance of a number of healthcare clinical commissioning groups on the SMC assessment. However, the Board still expects strong sales growth in total product sales in excess of 100% for the 12-month period ended 30 June 2022 compared to the prior period as the commercial roll out of Alkindi® and Efmody® continues across Europe.

 

Martin Whitaker, Chief Executive Officer of Diurnal, commented: 

"Diurnal remains firmly committed to making Efmody® available to Scottish patients and the Company will work with clinicians and patient groups to achieve this goal. Further data to support Efmody®'s clinical benefit are being generated from ongoing clinical trials with Efmody® and Diurnal will work to make this available to the SMC via a resubmission as soon as possible."

 

This is a business press release containing financial information and/or data for the benefit of shareholders and potential investors. Data are included to allow informed investment decisions.

 

This announcement contains inside information for the purposes of the UK Market Abuse Regulation (UK MAR).

 

For further information, please visit www.diurnal.co.uk or contact:

Diurnal Group plc

+44 (0)20 3727 1000

Martin Whitaker, Chief Executive Officer

Richard Bungay, Chief Financial Officer

Panmure Gordon (UK) Limited (Nominated Adviser and Joint Corporate Broker)

+44 (0)20 7886 2500

Corporate Finance: Freddy Crossley, Emma Earl

Corporate Broking: Rupert Dearden

Stifel Nicolaus Europe Limited (Joint Corporate Broker)

+44 (0) 20 7710 7600

 

Healthcare Investment Banking: Nicholas Moore, Samira Essebiyea, William Palmer-Brown

 

Corporate Broking: Nick Adams, Nick Harland

 

FTI Consulting (Media and Investor Relations)

+44 (0)20 3727 1000

Simon Conway

Victoria Foster Mitchell

Alex Davis

 

Notes to Editors

About congenital adrenal hyperplasia

Congenital adrenal hyperplasia (CAH) is an orphan condition caused by deficiency of adrenal enzymes, most commonly 21-hydroxylase. This enzyme is required to produce the adrenal steroid hormone, cortisol. The block in the cortisol production pathway causes the over-production of male steroid hormones (androgens), which are precursors to cortisol. The condition is congenital (inherited at birth) and affects both sexes. The cortisol deficiency and over-production of male sex hormones can lead to increased mortality, infertility and issues during sexual development including ambiguous genitalia, premature (precocious) sexual development and short stature. Sufferers, even if treated, remain at risk of death through an adrenal crisis.

 

Current therapy for CAH uses a variety of generic glucocorticoid (steroid) preparations including hydrocortisone, dexamethasone, prednisolone and prednisone in the US, with no standard treatment regimen. Approximately two-thirds of CAH patients are estimated to have poor disease control, leading to elevated androgen levels. The condition is estimated to affect a total of approximately 16,000 patients in the US, with over 400,000 in the rest of the world.

 

About Efmody® (hydrocortisone modified-release hard capsules)

Efmody® is a preparation of hydrocortisone that has been specifically designed to mimic the circadian rhythm of cortisol when given in a twice-a-day "toothbrush" regimen (administered last thing at night before sleep and first thing in the morning on waking) to control androgen excess and chronic fatigue in patients with diseases of cortisol deficiency. The first indication for Efmody® is Congenital Adrenal Hyperplasia (CAH) in adults and adolescents (children older than 12 years of age). Efmody® has been extensively studied in 239 human subjects including 138 CAH patients who have taken part in clinical trials in Europe and the US.

 

The MHRA and European Commission marketing authorisation approval of Efmody® was based on a Phase 3 study conducted in a total of 122 patients enrolled across 11 clinical sites, including sites in Great Britain, the largest ever interventional clinical trial completed in CAH. The Phase 3 data was supported by detailed analysis of data from an open-label safety extension study for patients completing treatment in the Phase 3 study, which is assessing the impact of treatment with Efmody® over an extended period, with a number of patients on this trial having been treated for over 5 years. Summary of Product Characteristics (SmPC) for UK (Northern Ireland) can be found here.

 

About Diurnal Group plc

Diurnal Group plc is a European, UK-headquartered, specialty pharmaceutical company dedicated to developing hormone therapeutics to aid lifelong treatment for rare and chronic endocrine conditions, including congenital adrenal hyperplasia, adrenal insufficiency, hypogonadism and hypothyroidism. Its expertise and innovative research activities focus on circadian-based endocrinology to yield novel product candidates in the rare and chronic endocrine disease arena.

 

For further information about Diurnal, please visit www.diurnal.co.uk

 

Date of Preparation: March 2022 Code: CORP-EU-0030

 

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.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCSSWFLWEESEED
Date   Source Headline
2nd Nov 20227:00 amRNSCancellation - Diurnal Group plc
1st Nov 20229:20 amRNSDIURNAL SCHEME OF ARRANGEMENT BECOMES EFFECTIVE
1st Nov 20228:59 amRNSNotification of major holdings
1st Nov 20227:30 amRNSSuspension - Diurnal Group plc
28th Oct 20224:52 pmRNSEXERCISE OF OPTIONS
28th Oct 20222:22 pmRNSCOURT SANCTION OF SCHEME OF ARRANGEMENT
28th Oct 20221:26 pmRNSForm 8.3 - Diurnal Group plc
27th Oct 20225:30 pmRNSDiurnal Group
24th Oct 20229:30 amRNSForm 8.5 (EPT/RI) - Diurnal Group plc
21st Oct 20221:17 pmRNSRESULTS OF COURT MEETING AND GENERAL MEETING
18th Oct 20224:49 pmRNSForm 8.5 (EPT/RI)
12th Oct 202212:30 pmRNSStandard form for notification of major holdings
11th Oct 20223:24 pmRNSForm 8.3 - Diurnal Group plc
11th Oct 20228:25 amRNSForm 8.3 - Diurnal Group PLC
11th Oct 20227:00 amRNSBlock Admission Application
7th Oct 20227:00 amRNSAWMSG recommends Efmody for CAH in Wales
5th Oct 20223:15 pmRNSForm 8.3 - Diurnal Group plc
27th Sep 20223:26 pmRNSForm 8.3 - Diurnal Group plc
27th Sep 20221:33 pmRNSForm 8.3 - Diurnal Group plc
27th Sep 202212:43 pmRNSForm 8.3 - Diurnal Group PLC
27th Sep 20229:33 amRNSForm 8.5 (EPT/RI) - Diurnal Group plc
26th Sep 202211:01 amRNSForm 8.5 (EPT/RI) - Diurnal Group PLC
26th Sep 20229:32 amRNSForm 8.3 - [DIURNAL GROUP PLC]
23rd Sep 20223:01 pmRNSForm 8.3 - Diurnal Group plc
23rd Sep 20229:28 amRNSCorrection: Publication of Scheme Document
23rd Sep 20228:56 amRNSForm 8.5 (EPT/RI) - Diurnal Group plc
23rd Sep 20227:00 amRNSPublication of Scheme Document
23rd Sep 20227:00 amRNSPublication of Scheme Document
21st Sep 202210:20 amRNSForm 8.5 (EPT/RI) - Diurnal Group plc
20th Sep 20222:57 pmRNSForm 8.3 - Diurnal Group plc
20th Sep 20228:37 amRNSForm 8.5 (EPT/RI) - Diurnal Group plc
16th Sep 202210:47 amRNSForm 8.3 - [DIURNAL GROUP PLC]
16th Sep 20229:01 amRNSForm 8.3 - [DIURNAL GROUP PLC]
16th Sep 20228:53 amRNSForm 8.5 (EPT/RI) - Diurnal Group plc
15th Sep 20229:31 amRNSForm 8.5 (EPT/RI) - Diurnal Group plc
14th Sep 20229:00 amRNSForm 8.5 (EPT/RI) - Diurnal Group plc
14th Sep 20227:00 amRNSInterim Results
13th Sep 20228:32 amRNSForm 8.5 (EPT/RI) - Diurnal Group plc
12th Sep 20222:57 pmRNSForm 8.3 - Diurnal Group plc
12th Sep 20221:40 pmRNSForm 8.3 - Diurnal Group Plc
12th Sep 20229:42 amRNSForm 8.5 (EPT/RI) - Diurnal Group plc
9th Sep 20223:04 pmRNSForm 8.3 - Diurnal Group plc
8th Sep 20225:56 pmRNSForm 8.3 - IPG - Diurnal Group PLC
8th Sep 202212:24 pmRNSResignation of Joint Corporate Broker
8th Sep 202212:00 pmRNSForm 8.5 (EPT/RI) - Diurnal Group plc
8th Sep 202210:54 amRNSForm 8.3 - Diurnal Group PLC
8th Sep 202210:47 amRNSForm 8.3 - Diurnal Group PLC
8th Sep 20229:58 amRNSForm 8.5 (EPT/RI) - Diurnal Group plc
7th Sep 20222:58 pmRNSForm 8.3 - Diurnal Group plc
7th Sep 20222:08 pmRNSStandard form for notification of major holdings

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.