Morphosys CFO says tafasitamab drug sales potential above $1 billion: magazine

Health


FRANKFURT (Reuters) – German biotech company Morphosys’ tafasitamab, the group’s most advanced drug which is currently being tested, has sales potential of significantly more than $1 billion a year, its finance chief said in remarks to a magazine.

“Analysts estimate sales at between half a billion to $1 billion per year. If further indications are added, for example additional forms of leukaemia, they might be significantly higher than that,” Jens Holstein told Germany’s Euro am Sonntag.

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Earlier this month, a data monitoring committee recommended an increase in the number of patients to 450 from currently 330 in the ongoing “B-MIND” trial, which tests tafasitamab against relapsed or refractory diffuse large B cell lymphoma.

Holstein said he expected tafasitamab to be approved by mid-2020 in the United States, adding it could take one more year in Europe.

Reporting by Christoph Steitz; Editing by Mark Heinrich



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