Genzyme wins FDA approval for Lumizyme

The U.S. Food and Drug Administration said Tuesday that it has approved Genzyme Corp.’s (GENZ) Lumizyme, a treatment for the rare genetic disorder Pompe disease. Genzyme shares rose more than 5 percent and as high as $51.90 on the news.

“This is an important day for the Pompe community, especially for those patients with late-onset Pompe disease in the United States who are awaiting treatment for this devastating disease,” said in a statement Genzyme Chairman and Chief Executive Officer, Henri A. Termeer. “We are grateful to the FDA for their efforts to approve Lumizyme ahead of its scheduled PDUFA date.”.

Genzyme’s FDA approval comes as the co. braces for a proxy battle led by billionaire investor Carl Icahn, who is seeking representation for himself and three others on the company’s board.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.