WSJ questions Gleevec's long-term efficacy in CML
An article in the Wall Street Journal has highlighted data showingthat Novartis' much-touted chronic myelogenous leukemia drug Gleevec (imatinib) has a relapse rate of 80% after six months. Analysts at Julius Baer note that this is old news and "simply serves as a reminder that Gleevec has yet to demonstrate a survival benefit for CML patients."
They add that, for this reason, many doctors continue to recommend transplantation for young, early-stage patients, while US labeling reserves Gleevec's use for when interferon alfa therapy has failed. As a result, they have a conservative sales estimate of around $225 million in 2004.
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