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Biotech / Medical : Celltech Group (NYSE: CLL) -- Ignore unavailable to you. Want to Upgrade?


To: nigel bates who wrote (120)12/2/2004 11:32:36 AM
From: nigel bates  Respond to of 123
 
UCB to file CDP870 for rheumatoid arthritis in Dec 2006, Crohn's in Dec 2005

BRUSSELS (AFX) - Biopharmaceutical company UCB SA (Brussels: UCBBt.BR - news) said it is on target to file for regulatory approval its newly-acquired treatment for rheumatoid arthritis and Crohn's disease in Dec 2006 and Dec 2005 respectively.
CDP870 was the most advanced molecule in the pipeline acquired in UCB's 2.25 bln eur takeover of British biotech firm Celltech PLC this summer.
'We are on target to file CDP870 for rheumatoid arthritis in December 2006,' said Melanie Lee, research and development director.
She said the drug would be filed for Crohn's disease a year earlier, in December 2005.
The market for rheumatoid arthritis is estimated to reach 9 bln eur by 2009, said UCB.
The Crohn's disease market was worth 1 bln eur in 2004, with over 90 pct growth compared to 2003, the company said...