FDA Approves Novartis Cosentyx As First Intravenous Formulation Interleukin-17A Antagonist For Rheumatic Diseases; New IV Administration Option Will Be Available In Q4 Of 2023
Portfolio Pulse from Benzinga Newsdesk
The FDA has approved Novartis' Cosentyx as the first intravenous formulation interleukin-17A antagonist for rheumatic diseases. The new IV administration option will be available in Q4 of 2023.

October 06, 2023 | 8:24 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Novartis' Cosentyx has been approved by the FDA as the first intravenous interleukin-17A antagonist for rheumatic diseases. This could potentially increase Novartis' market share in the rheumatic diseases treatment market.
The FDA approval of Novartis' Cosentyx as the first intravenous interleukin-17A antagonist for rheumatic diseases could potentially increase the company's market share in the rheumatic diseases treatment market. This is because the approval could lead to increased sales of Cosentyx, which would in turn increase Novartis' revenues. Furthermore, the approval could also enhance Novartis' reputation as a leader in the development of innovative treatments for rheumatic diseases.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100