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    4503   JP3942400007

ASTELLAS PHARMA INC.

(4503)
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Astellas Pharma : Announces the Approval of XTANDI by the China National Medical Products Administration Approval based on Asian PREVAIL study

11/27/2019 | 08:47am EDT

TOKYO - Astellas Pharma Inc. (TSE: 4503, President and CEO: Kenji Yasukawa, Ph.D., 'Astellas') today announced that the China National Medical Products Administration (NMPA) approved a new drug application (NDA) for XTANDI (enzalutamide) on November 18 for the treatment of adult men with metastatic castration-resistant prostate cancer (CRPC) who are asymptomatic or mildly symptomatic after failure of androgen deprivation therapy (ADT) in whom chemotherapy is not yet clinically indicated.

The approval by the NMPA was based on the results of an Asian multinational Phase 3, randomized, double-blind, placebo controlled efficacy and safety study of enzalutamide in asymptomatic or mildly symptomatic patients with progressive metastatic prostate cancer who had disease progression despite ADT and a single-dose pharmacokinetic study in healthy Chinese volunteers (Protocol 9785-CL-0013).1

The study, Asian PREVAIL (also known as 9785-CL-0232), evaluated oral enzalutamide (160 mg/day) versus placebo plus gonadotropin-releasing hormone (GnRH) therapy or after bilateral orchiectomy. The study, involving Asian patients including approximately 200 Chinese patients, showed consistent results with those in the global pivotal Phase 3 PREVAIL study in the same target population.2

'Currently the treatment options are limited in China for men with metastatic castration-resistant prostate cancer,' said Andrew Krivoshik, M.D., Ph.D., Senior Vice President and Global Therapeutic Area Head, Oncology Development, Astellas. 'The approval of enzalutamide in China brings us one step closer to offering physicians a meaningful treatment option in an area where there is a high medical need.'

Patients treated with enzalutamide demonstrated a statistically significant reduction in the risk of Prostate Specific Antigen (PSA) progression (Hazard Ratio of 0.38 [95% confidence interval: 0.27, 0.52], P < 0.0001). The median time to PSA progression was 8.31 months in the enzalutamide group versus 2.86 months in the placebo group. Treatment with enzalutamide also resulted in a statistically significant reduction in risk of radiographic disease progression or death compared with treatment with placebo with a Hazard Ratio (HR) of 0.31 (95% confidence interval: 0.20, 0.46; P

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2022 1 325 B 12 037 M 12 037 M
Net income 2022 194 B 1 767 M 1 767 M
Net cash 2022 478 B 4 339 M 4 339 M
P/E ratio 2022 17,6x
Yield 2022 2,68%
Capitalization 3 453 B 31 513 M 31 372 M
EV / Sales 2022 2,25x
EV / Sales 2023 1,89x
Nbr of Employees 15 455
Free-Float 98,9%
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Number of Analysts 13
Last Close Price 1 863,50 JPY
Average target price 2 451,54 JPY
Spread / Average Target 31,6%
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Managers and Directors
Kenji Yasukawa President, CEO & Representative Director
Naoki Okamura CFO, Representative Director & Vice President
Yoshihiko Hatanaka Chairman
Yoshitsugu Shitaka Chief Scientific Officer
Fumiaki Sakurai Head-Business Administration & Compliance
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