Amgen is getting whacked after disappointing study results

Advertisement

Heart attack

Shutterstock

WASHINGTON (Reuters) - Amgen's Repatha drug cut the risk of heart attacks and strokes by over 20 percent in patients with heart disease, demonstrating a clear clinical benefit beyond its ability to slash "bad" LDL cholesterol levels, data from a huge study known as Fourier showed on Friday.

Advertisement

Results from the highly anticipated 27,564-patient Fourier study should help remove some barriers to patient access from health insurers and pharmacy benefit managers, who have been rejecting some 75 percent of prescriptions written for the costly medicine.

Repatha cut the combined risk of heart attacks, strokes and heart-related death by 20 percent compared with a placebo in patients already on high doses of cholesterol-lowering statins, such at Lipitor. Most trial subjects had had a prior heart attack or stroke.

However, there was no difference in cardiovascular death in the two groups, which disappointed investors. Amgen's stock was down 6% Friday morning. Other cholesterol-lowering biotechs with drugs in development, Esperion and The Medicines Company were down 25% and 18%, respectively.

Separately, Repatha cut heart attacks by 27 percent and stroke by 21 percent. In the second year of the study, the results were more pronounced, with a 35 percent reduction in heart attack risk and a 24 percent decrease in stroke risk.

Advertisement

"Just like in statin trials the benefit appeared to grow over time," said Dr. Marc Sabatine, the study's lead researcher, who presented the data at the American College of Cardiology scientific meeting in Washington.

"As a clinician this is very big news. We have another tool to significantly reduce heart attacks and stokes. That's a big win," said Sabatine from Brigham and Women's Hospital in Boston.

Longer term, Sabatine said, there could be a reduction in deaths as well.

The trial's primary composite goal included need for artery clearing procedures and hospitalization due to chest pains from angina in addition to heart attack, stroke and death. On that measure, the overall risk reduction was 15 percent, primarily due to no difference from placebo in angina hospitalizations.

Injected

Repatha, injected either once or twice a month, lowered LDL by about 60 percent to a median of 30, with a quarter of patients getting below 20, researchers reported. Earlier guidelines set an LDL target of 70 for such high risk patients.

Advertisement

There were no reports concerning safety issues. Incidence of cognitive decline, cataracts, new onset diabetes and muscle-related side effects were similar to the placebo group.

The results should loosen the purse strings of insurers reluctant to pay for a drug with a list price of over $14,000 a year before discounts, given the high cost of treating strokes and heart attacks.

"To see a more than 20 percent risk reduction for stroke was really exciting," said Amgen research chief Sean Harper.

Amgen said it is taking steps to remove onerous barriers to patient access, including a plan under which it would offer to refund Repatha costs for all eligible patients who have a heart attack or stroke.

Repatha and rival Praluent, from Regeneron Pharmaceuticals and Sanofi, work by blocking the PCSK9 protein that prevents LDL being removed from the blood.

Advertisement

"The class is likely to grow to at least a $3 billion to $5 billion worldwide market over the next 5 plus years," forecast RBC Capital Markets analyst Michael Yee.

Due to the high rejection rate, sales have been anemic - just $58 million for Repatha and $41 million for Praluent in the fourth quarter.

Sabatine said he would like to see Repatha tested in other high risk patients, such as those with type 2 diabetes without prior history of heart attack, which could substantially increase the market.

"As a society we need to move to modifying these risk factors earlier in life to not only prevent recurrent events but to prevent first events," he said.

Reuters reporting by Bill Berkrot.

Advertisement

NOW WATCH: Terry Crews explains how intermittent fasting keeps him in shape