| 
			
			 With the approval, the drugmaker enters a market currently dominated 
			by big names like Roche's Ocrevus, Novartis' Kesimpta and Gilenya, 
			and Biogen's top-selling drug Tecfidera. 
 The U.S. Food and Drug Administration on Friday approved J&J's 
			treatment, Ponvory, as a daily oral drug to treat relapsing forms of 
			MS, Janssen Pharmaceutical Co said. (https://refini.tv/3c1kjcz)
 
 Multiple sclerosis is a debilitating neurological condition in which 
			the immune system eats away at the protective covering of nerves.
 
			
			 
			J&J is pushing Ponvory as a once-daily oral treatment, as opposed to 
			Kesimpta, which is injected by patients at home, or Ocrevus that is 
			administered as an infusion in a clinic or hospital.
 The approval will be cause of concern for Biogen, as it is facing 
			Tecfidera patent expiration and increasing competition in the MS 
			landscape.
 
			
            [to top of second column] | 
			
			 The FDA approval was based on 
								data from a two-year late-stage study where 
								Ponvory demonstrated superior efficacy in 
								significantly reducing annual relapses by about 
								30% compared to Sanofi's approved MS drug 
								Aubagio, the company said.
 The drug has also outdone Aubagio at reducing 
								fatigue among patients.
 
 J&J acquired Ponvory as part of its $30 billion 
								buyout of Swiss biotech company Actelion in 
								2017, to diversify its drug portfolio as its 
								biggest product, Remicade for arthritis, faced 
								cheaper competition.
 
 Ponvory is also under review by the European 
								Medicines Agency (EMA).
 
 (Reporting by Mrinalika Roy in Bengaluru; 
								Editing by Shailesh Kuber)
 
			[© 2021 Thomson Reuters. All rights 
				reserved.] Copyright 2021 Reuters. All rights reserved. This material may not be published, 
			broadcast, rewritten or redistributed.  
			Thompson Reuters is solely responsible for this content |