Sierra Oncology said Tuesday that its experimental treatment for the blood cancer myelofibrosis achieved all the efficacy goals of a Phase 3 clinical trial, including an improvement in anemia that currently approved drugs don’t address.
Based on the positive study results, Sierra intends to file a U.S. marketing application for its drug, called momelotinib, during the second quarter. If approved, the drug will enter a myelofibrosis treatment market that is dominated by Jakafi, the Incyte/Novartis drug with sales exceeding $2 billion annually.
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