
Go or no go? Valuable drugs set for FDA decisions
Upcoming US approval verdicts include inclisiran, valrox and risdiplam, but toxicity issues could scupper filgotinib.

Though August might normally be classed as a quiet month for the sector, this time around it holds some valuable US approval decisions. Five of the projects due to be assessed have blockbuster potential, with 2026 forecasts over $1bn, according to EvaluatePharma consensus.
The most valuable Novartis’s inclisiran; its Pdufa date has not been disclosed, but has been guided to the second half of the year. The project is a small interfering RNA designed to target PCSK9 and lower LDL cholesterol.
Inclisiran looks to be as effective as the marketed anti-PCSK9 MAbs, Amgen/Astellas’s Repatha and Sanofi/Regeneron’s Praluent. The MAbs have, however, proved disappointing commercially, having once carried huge sales forecasts that have since been slashed.
Inclisiran’s main advantage seems to be convenience as it can be injected twice yearly versus every two weeks or monthly for the MAbs. Still, it remains risky commercially, and a key factor will be how Novartis prices it.
In the money
Another expected big money spinner due a decision is Biomarin’s valrox for haemophilia A. The gene therapy is ahead of rivals, but its durability is a lingering red flag; four-year data showed that treated patients’ clotting factor continued to fade over time.
Valrox looks approvable, but there is room for improvement. Pfizer and Sangamo’s offering, giroctocogene fitelparvovec, has produced encouraging, albeit early, results so far, but if it can prove durable Biomarin will have a fight on its hands.
Three days later, on August 24, the FDA will discuss Roche’s risdiplam for spinal muscular atrophy. This SMN2 splicing modifier is filed for use in infants with type 1 disease, and patients two to 25 years old with less severe disease known as types 2 and 3.
Risdiplam has shown encouraging efficacy and a clean safety profile, and as an oral agent it threatens Biogen’s Spinraza, which has to be delivered intrathecally. The sellside agrees: risdiplam forecasts look set to overtake Spinraza in 2026, according to EvaluatePharma.
Toxicity issues
Glaxosmithkline’s belantamab mafodotin is an anti-BCMA antibody-drug conjugate that received a positive adcom vote for multiple myeloma earlier this month despite its underwhelming efficacy and serious ocular toxicities.
If it is approved its label will include a black box warning, and a risk-mitigation programme will be implemented. Whether patients are willing to accept the side-effect profile will be key to 2026 forecasts being met.
Another project with adverse event implications is Gilead and Galapagos’s filgotinib, filed for use in rheumatoid arthritis. The Jak1 inhibitor, now called Jyseleca, received EU backing last week for both its 100mg and 200mg doses.
Several questions remain over the FDA decision, expected in the second half of the year. A black box warning is likely for thrombosis, as was the case for Abbvie’s Rinvoq when this was approved for arthritis last year. A second worry is that the FDA could take a conservative approach and approve only the lower dose, as adverse events appear to be dose dependent.
Lastly is the potential for a warning for risk of testicular toxicity, a signal picked up in animal models. There have not been any specific cases in clinical trials, but two safety studies called Manta and Manta-Ray are being conducted. These are expected to read out early next year.
Stifel thinks it unlikely that the FDA will need the safety data before approving filgotinib in RA, but this is a possibility. The agency could add toxicity wording to the label before the studies read out, leading to slow early uptake until the studies report.
For now the FDA seems largely on track with approval decisions, but with little sign of the Covid-19 pandemic abating the real impact on timelines could become significant in the coming months (Go or no go? Pandemic looms over FDA timelines, July 1, 2020).
The tables below list first-time and supplementary FDA approvals due in August, with consensus forecasts from EvaluatePharma.
Notable first-time US regulatory verdicts due in August | ||||
---|---|---|---|---|
Project | Company | Pdufa date | Sales by indication ($m) | Note |
Belantamab mafodotin |
GSK/Seattle Genetics | Aug | 1,251 | See text |
Viaskin Peanut |
DBV | Aug 5 | 695 | FDA asked for more data in March and cancelled May's adcom |
Olinvo/ IV oliceridine |
Trevena | Aug 7 (resubmitted) |
226 | Previous CRL |
EM-100 (Ketotifen PF Ophthalmic Solution) |
Eton | Aug 10 (resubmitted) |
- | Previous CRL |
Pedmark | Fennec | Aug 10 | 243 | - |
Valoctocogene roxaparvovec | Biomarin | Aug 21 | 1,283 | See text |
Veverimer | Tricida | Aug 22 | - | In July FDA identified deficiencies in its review of the filing |
Risdiplam | Roche/PTC | Aug 24 | 1,437 | See text |
Xaracoll | Innocoll | Aug 26 (resubmitted) |
- | RTF letter in 2016 |
Winlevi (clascoterone cream 1%) |
Cassiopea | Aug 27 | 406 | Topical acne treatment |
Tlando | Lipocine | Aug 28 (resubmitted) |
- | Three previous CRLs |
Tafasitamab (Revlimid combo) |
Morphosys | Aug 30 | 846 | Anti-CD19 MAb for use in late-line DLBCL, more important B-Mind bendamustine combo study against Rituxan due to report 2022 |
Ryoncil (remestemcel-L) |
Mesoblast | Sep | 274 | Ad com Aug 13; steroid-refractory acute GvHD in paediatric patients |
Somapacitan/ NN8640 |
Novo Nordisk | Q3 | 318 | Once-weekly long-acting recombinant growth hormone in adult-onset growth hormone deficiency |
Dostarlimab | GSK/ Anaptysbio |
H2 | 512 | Anti-PD-1 filed in endometrial cancer |
Filgotinib | Gilead/Galapagos | H2 | 1,255 | See text |
Inclisiran | Novartis/Alnylam | H2 | 2,010 | See text |
Viltepso (viltolarsen) |
Nippon Shinyaku | H2 | 689 | Exon 53 skipping antisense for DMD, marketed in Japan |
Sources: EvaluatePharma & company releases. |
Supplementary and other notable approval decisions in August | |||
---|---|---|---|
Product | Company | Indication (clinical trial) | Date |
Stelara | BMS/J&J | Paediatric patients with moderate to severe plaque psoriasis (Cadmus Jr) | Aug 7 |
Dovato | GSK/Shionogi | HIV-1 in virologically suppressed adults (Tango) | Aug 17 |
Spravato | Johnson & Johnson | Major depressive disorder with active suicidal ideation with intent (Aspire I and II) | H2 |
Trelegy Ellipta | GSK | Asthma (Captain) | H2 (Apr adcom postponed) |
Xolair | Novartis | Nasal polyps (Polyp 1 and 2) | H2 |
Sources: EvaluatePharma & company releases. |