Voretigene neparvovec is a Gene Therapy owned by F. Hoffmann-La Roche, and is involved in 7 clinical trials, of which 2 were completed, and 5 are ongoing.
Voretigene neparvovec acts as retinal pigment epithelium 65 (RPE65) activator. Retinal pigment epithelium 65 gene mutation results in loss of cells in the retina over time which leads to total blindness. The therapeutic candidate improves visual and retinal function by delivering the gene for human RPE65 (AAV2-hRPE65v2-1010) into the RPE. It enables the production of the protein that is missing as a result of this genetic mutation.
The revenue for Voretigene neparvovec is expected to reach a total of $3.2bn through 2038. This change impacts the valuation of this asset and is an important factor to understand the current value of the drug in a clinical process. View the complete picture with the Voretigene neparvovec NPV Report.
Voretigene neparvovec was originated by University of Iowa Research Foundation and Children’s Hospital of Philadelphia and is currently owned by F. Hoffmann-La Roche. Novartis is the other company associated in development or marketing of Voretigene neparvovec.
Voretigene neparvovec Overview
Voretigene neparvovec or voretigene neparvovec-rzyl (Luxturna) is an adeno-associated virus vector-based gene therapy. It is formulated as injectable suspension, concentrate for solution for subretinal route of administration. Luxturna is indicated for the treatment of patients with confirmed biallelic RPE65 mutation-associated retinal dystrophy, and also for the treatment of vision loss due to Leber congenital amaurosis or retinitis pigmentosa caused by confirmed biallelic RPE65 mutations.
Voretigene neparvovec or voretigene neparvovec-rzyl (Luxturna) is under development for the treatment of choroideremia and biallelic RPE65 mutation-associated retinal dystrophy in Japan. It is being developed based on adeno-associated viral (AAV) gene therapy platform.
Novartis is a healthcare company that focuses on the discovery, development, manufacture and marketing of prescription and generic pharmaceutical products and eye care products. It provides drugs for the treatment of cancer, cardiovascular diseases, dermatological conditions, neurological disorders, ophthalmic and respiratory diseases, immune disorders, and infections, among others. The company offers generic medicines and biosimilars through Sandoz. Novartis conducts research in various disease areas through The Novartis Institutes for BioMedical Research (NIBR). The company operates through a network of subsidiaries and offices across the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Novartis is headquartered in Basel, Switzerland.
The company reported revenues of (US Dollars) US$52,877 million for the fiscal year ended December 2021 (FY2021), an increase of 6% over FY2020. In FY2021, the company’s operating margin was 22.1%, compared to an operating margin of 20.3% in FY2020. In FY2021, the company recorded a net margin of 45.4%, compared to a net margin of 16.2% in FY2020. The company reported revenues of US$12,842 million for the third quarter ended September 2022, a decrease of 1.9% over the previous quarter.
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