Regeneron (REGN) Lower as Germany's IQWiG Questions Eylea's Effectiveness
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Regeneron (Nasdaq: REGN) is lower Thursday following news that the effectiveness of Eylea, its collaboration with Bayer HealthCare, is being questioned in a key European market.
Reuters said that the German Institute for Quality and Efficiency in Health Care (IQWiG) was unable to determine whether or not Eylea was superior to Novartis' (NYSE: NVS) Lucentis as a treatment for macular edema. The committee said trials for Eylea and Lucentis weren't comparable because neither drug was being administered the way regulators specified.
Germany's medical cost-benefit agency G-BA will publish its cost-benefit analysis on Eylea within the next three months, though Bayer expects to issue a response within three weeks.
Reuters said that the German Institute for Quality and Efficiency in Health Care (IQWiG) was unable to determine whether or not Eylea was superior to Novartis' (NYSE: NVS) Lucentis as a treatment for macular edema. The committee said trials for Eylea and Lucentis weren't comparable because neither drug was being administered the way regulators specified.
Germany's medical cost-benefit agency G-BA will publish its cost-benefit analysis on Eylea within the next three months, though Bayer expects to issue a response within three weeks.
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