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gene therapy

FDA Approves Futuristic New Cancer Therapy, To Cost $475,000, Sending Biotechs Surging

FDA Approves Futuristic New Cancer Therapy, To Cost $475,000, Sending Biotechs Surging

The FDA on Wednesday opened a new era in cancer treatment, when it approved a landmark, futuristic new gene therapy-based approach to treat childhood leukemia, one which has produced unprecedented results in patients with the deadly cancer. Even the FDA called the approval "historic."

"We're entering a new frontier in medical innovation with the ability to reprogram a patient's own cells to attack a deadly cancer," said FDA Commissioner Scott Gottlieb.

Gene Therapy For Children Approved In Europe

In a global first, gene therapy that could prove life-saving for children has been recommended for approval in Europe. The pioneering technology to fix faulty genes has been developed by Italian scientists and GlaxoSmithKline FOX News reports: The European Medicines Agency (EMA) said on Friday it had endorsed the therapy, called Strimvelis, for a tiny number of children with ADA Severe Combined Immune Deficiency (ADA-SCID) for whom no matching bone marrow donor is available.