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Biopharma White Paper Posits FDA Approval of Biogen's Alzheimer's Drug Likely Next Month
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ProMIS Neurosciences cites "unequivocally positive data" and encouraging FDA actions with respect to the therapeutic.

In a news release, ProMIS Neurosciences Inc. (PMN:TSX; ARFXF:OTCQB) announced that it composed a white paper explaining why it believes the U.S. Food and Drug Administration (FDA) will likely approve Biogen's aducanumab when it comes up for review on Nov. 6, 2020.

If the biopharma is correct and the regulatory agency's advisory committee approves aducanumab, it will be the first treatment for patients with Alzheimer's that actually alters the disease, the company noted.

"Aducanumab represents a milestone treatment, and we applaud Biogen's unrelenting commitment to its advancement," ProMIS Neurosciences President and CEO Dr. Elliot Goldstein said in the release.

ProMIS' primary arguments for likely approval are that:

1. The FDA encouraged Biogen to submit an application for aducanumab and afforded it priority review status. The agency approved the continued clinical use of aducanumab in an open-label study and historically has been willing to approve drugs in cases of significant unmet medical need but limited data.

2. The Phase 3 EMERGE trial of aducanumab was undoubtedly positive. Results from two additional studies, Phase 1b PRIME and Phase 3 ENGAGE, confirm the drug's efficacy.

3. The advisory committee members will likely find that aducanumab meets the requisite threshold for approval because accumulated trial data show significant efficacy and safety.

ProMIS' white paper, available on its website, provides aducanumab's history, positive data and regulatory support and explains why the drug may spur development of better second-generation therapies.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: ProMIS Neurosciences. Click here for important disclosures about sponsor fees.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of ProMIS Neurosciences, a company mentioned in this article.

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