Novartis AG (NVS) Breast Cancer Drug Rejected Despite Being Hailed as a "Breakthrough"
3/21/2013 8:15:18 AM
Novartis drug Afinitor, expected to be a big seller for the Swiss group, has been rejected by Britain's health cost agency NICE due to uncertainty over its survival benefits in breast cancer. Novartis said it was "extremely disappointed" by Thursday's draft decision from the National Institute for Health and Clinical Excellence. Afinitor, or everolimus, is the first in a class known as mTOR inhibitors to be approved for post-menopausal women with advanced hormone-receptor positive, HER2-negative breast cancer. "While the independent appraisal committee acknowledged that everolimus may offer a step change in treatment by restoring sensitivity of the tumor to hormone therapy, the evidence highlighted uncertainty relating to how much the treatment extends overall survival," said NICE CEO Andrew Dillon. "Using the most appropriate estimates, the committee concluded that everolimus is not a cost-effective treatment option for the NHS (National Health Service)."