FDA Approves ImmunoGen/Roche Breast Cancer Drug

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The Food and Drug Administration has approved a new type of breast cancer drug developed by ImmunoGen and Roche , and will be marketed by the latter. The medication, known by the brand name Kadcyla, is used to treat HER 2-positive metastatic breast cancer. It is a combination of Herceptin, an existing Roche drug, with a pair of components developed by ImmunoGen.

HER2 is a protein found on the tumors of roughly 20% to 25% of patients with breast cancer.

The approval will trigger a $10.5 million payment from Roche to ImmunoGen. The latter will also be paid royalties of up to 5% on sales of Kadcyla, which will cost $9,800 per month.

The article FDA Approves ImmunoGen/Roche Breast Cancer Drug originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool recommends ImmunoGen. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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