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MarketScreener Homepage  >  Equities  >  Xetra  >  Bayer AG    BAYN   DE000BAY0017

BAYER AG

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Bayer : U.S. FDA approves rivaroxaban to help prevent blood clots in acutely ill medical patients

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10/15/2019 | 09:41am EST

Berlin - Bayer AG and its development partner Janssen Research & Development, LLC announced today that the U.S. Food and Drug Administration (FDA) has approved rivaroxaban (Xarelto) for the prevention of venous thromboembolism (VTE), or blood clots, in acutely ill medical patients at risk for thromboembolic complications who are not at high risk of bleeding.

The approval is based on data from the Phase III MAGELLAN trial, and supported by the data from the MARINER trial. These trials evaluated rivaroxaban for the prevention of VTE in acutely ill medical patients during hospitalization and immediately following discharge.

'With this new approval, rivaroxaban as an oral-only option now has the potential to change how acutely ill medical patients in the US are managed for the prevention of blood clots, both in the hospital and for an extended period after discharge,' said Alex C. Spyropoulos, M.D., Professor of Medicine, The Donald and Barbara Zucker School of Medicine at Hofstra/Northwell, Northwell Health at Lenox Hill Hospital, New York, NY. 'The Phase 3 clinical studies in this high-risk patient group show us that rivaroxaban at the 10mg dose is an effective option with a well-established safety profile to help prevent blood clots, which can be fatal in this population.'

'Acutely ill' is a broad term used to describe people who are hospitalized for serious, yet common, medical conditions such as heart failure, infectious diseases or ischemic stroke. More than seven million Americans are hospitalized with acute medical illnesses each year. These patients are at increased risk of VTE for some three months after hospital discharge, with 80 percent of events happening within the first six weeks.

Although VTE is largely preventable, guidelines currently recommend acutely ill medical patients receive anticoagulants, typically injectable agents, in the hospital to protect them from VTE, but advise against routine anticoagulant use after leaving the hospital. However, research has shown that many acutely ill medical patients refuse treatment with injectable anticoagulants out of fear, discomfort, anxiety or inconvenience.

About MAGELLAN and MARINER

Rivaroxaban has been studied in acutely ill medical patients in two Phase 3 studies: MAGELLAN and MARINER. Published in 2013, MAGELLAN evaluated the use of rivaroxaban in preventing VTE in patients with acute medical illnesses, starting with their hospital stay and continuing through post-hospital discharge. The study met its two co-primary endpoints, with rivaroxaban demonstrating non-inferiority to enoxaparin, a low-molecular-weight heparin (LMWH), in short-term use (10 +/- 4 days) and superiority in long-term use (35 +/- 4 days) compared to short-term use of enoxaparin followed by placebo. The combined rates of major and non-major clinically relevant bleeding were higher in the rivaroxaban group. Of note, an important analysis from MAGELLAN found that the vast majority of acutely ill medical patients could receive rivaroxaban. By applying additional exclusionary criteria to remove a small subgroup of patients at high risk for bleeding, researchers defined the appropriate benefit-risk profile for VTE prevention with rivaroxaban.

Building on the foundation provided by the results from MAGELLAN, the MARINER trial was conducted in a similar population of acutely ill medical patients, but excluding those same patients at high risk for bleeding. Published in 2018, MARINER evaluated rivaroxaban for the prevention of VTE and VTE-related death following hospital discharge compared to placebo. While rivaroxaban did not reduce the composite endpoint of VTE and VTE-related death, it did significantly reduce symptomatic VTE with consistent and favorable safety, reinforcing rivaroxaban's positive benefit-risk profile.

About Rivaroxaban (Xarelto)

Rivaroxaban is the most broadly indicated non-vitamin K antagonist oral anticoagulant (NOAC) worldwide and is marketed under the brand name Xarelto. Rivaroxaban is approved for more venous and arterial thromboembolic (VAT) conditions than any other NOAC: The prevention of stroke and systemic embolism in adult patients with non-valvular atrial fibrillation (AF) and one or more risk factors

The treatment of pulmonary embolism (PE) in adults

The treatment of deep vein thrombosis (DVT) in adults

The prevention of recurrent PE and DVT in adults

The prevention of venous thromboembolism (VTE) in adult patients undergoing elective hip replacement surgery

The prevention of VTE in adult patients undergoing elective knee replacement surgery

The prevention of atherothrombotic events after an Acute Coronary Syndrome in adult patients with elevated cardiac biomarkers when co-administered with acetylsalicylic acid (ASA) alone or with ASA plus clopidogrel or ticlopidine

The prevention of atherothrombotic events in adult patients with coronary artery disease (CAD) or symptomatic peripheral artery disease (PAD) at high risk for ischemic events when co-administered with acetylsalicylic acid (ASA)

The prevention of venous thromboembolism (VTE) in acutely ill medical patients at risk for thromboembolic complications who are not at high risk of bleeding

Whilst licences may differ from country to country, across all indications Rivaroxaban is approved in more than 130 countries.

Rivaroxaban was discovered by Bayer and is being jointly developed with Janssen Research & Development, LLC. Rivaroxaban is marketed outside the U.S. by Bayer and in the U.S. by Janssen Pharmaceuticals, Inc. (Janssen Research & Development, LLC and Janssen Pharmaceuticals, Inc. are part of the Janssen Pharmaceutical Companies of Johnson & Johnson).

Anticoagulant medicines are potent therapies used to prevent or treat serious illnesses and potentially life-threatening conditions. Before initiating and while continuing treatment with anticoagulant medicines, physicians should carefully assess the benefit and risk for the individual patient.

Responsible use of Rivaroxaban is a very high priority for Bayer, and the company has developed a Prescribers Guide for physicians and a Rivaroxaban Patient Card for patients to support best practice.

About Bayer

Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. Its products and services are designed to benefit people by supporting efforts to overcome the major challenges presented by a growing and aging global population. At the same time, the Group aims to increase its earning power and create value through innovation and growth. Bayer is committed to the principles of sustainable development, and the Bayer brand stands for trust, reliability and quality throughout the world. In fiscal 2018, the Group employed around 117,000 people and had sales of 39.6 billion euros. Capital expenditures amounted to 2.6 billion euros, R&D expenses to 5.2 billion euros.

Forward-Looking Statements

This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer's public reports which are available on the Bayer website at www.bayer.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Contact:

Richard Breum

Tel: +49 30 468-17112

Email: richard.breum@bayer.com

(C) 2019 Electronic News Publishing, source ENP Newswire

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EBIT 2019 7 751 M
Net income 2019 3 076 M
Debt 2019 36 883 M
Yield 2019 3,98%
P/E ratio 2019 23,1x
P/E ratio 2020 14,2x
EV / Sales2019 2,32x
EV / Sales2020 2,12x
Capitalization 66 876 M
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