ChemoCentryx autoimmune disease drug Avacopan gets USFDA okay
New Delhi: ChemoCentryx said on Friday the U.S. health agency approved its lead drug for treating a rare, fatal autoimmune disease, sending the biopharmaceutical company's shares up by more than 70%.
The drug, avacopan, which will be available under brand name Tavneos in the next few weeks, will have a wholesale price of between $150,000 and $200,000 per patient per year, Chief Executive Thomas Schall told Reuters.
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Avacopan is administered orally to treat antineutrophil cytoplasmic antibody (ANCA)-associated vasculitides (AAV) - a group of conditions characterized by destruction and inflammation of small blood vessels and affecting different organs, particularly the kidney.
The drug works by blocking the activity of a protein called C5a receptor, which is responsible for causing numerous inflammatory diseases.
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