AstraZeneca's PARP Inhibitor Lynparza Gets Approval In Japan

 | Jan 21, 2018 09:42PM ET

AstraZeneca (NYSE:AZN) and partner Merck (NYSE:MRK) announced that the Japanese Ministry of Health, Labour and Welfare has granted approval to its PARP inhibitor, Lynparza, as a maintenance therapy for relapsed ovarian cancer, irrespective of BRCA mutation status in patients who have responded to their last platinum-based chemotherapy.

Lynparza becomes the first PARP inhibitor approved for any indication in Japan.

We remind investors that Lynparza’s prospects got a boost with its line expansion in breast cancer earlier this month in the United States. The expansion of label and geography will certainly boost sales of the drug. Meanwhile, the label expansion application to include breast cancer is under review in Europe.

AstraZeneca’s shares have increased 30.7% in the last year, while shares of Merck are down 0.9% in that period. Meanwhile, the industry moved up 23.9% in the same time period.