UROVANT’S NEW OAB DRUG GEMTESA (vibegron) EARNS FDA APPROVAL
Urovant’s First FDA Approved Drug
The U.S. Food and Drug Administration (FDA) has approved Urovant Sciences' new drug Gemtesa (vibegron) for the treatment of overactive bladder (OAB) with symptoms of urge urinary incontinence (UUI), urgency and urinary frequency in adults.
The approval of Gemtesa is a strategic corporate milestone for Urovant
Gemtesa is an oral pharmaceutical agent that is produced in pill form and available by prescription only. It is a beta-3 adrenergic receptor (β3) agonist. Founded in 2016, it is Urovant’s (NASDAQ: UROV) first new drug approval.
The last new OAB drug approved by the FDA is Astellas’ (OTCMKTS: ALPMY) Myrbetriq™ (mirabegron). Myrbetriq was launched in 2012 and like Gemtesa is available only by prescription and produced in oral tablet form. The product generated approximately $850 million in sales during 2019.
Gemtesa’s market access strategy will have it competing against Myrbetriq and these other OAB products on the formularies of managed care organizations (MCOs) and pharmacy benefits managers (PBMs);
- Botox (AbbVie)
- Enablex (available as a generic)
- Vesicare (available as a generic)
- Toviaz (Pfizer)
Urovant is a business unit of a larger global conglomerate
Urovant is owned by Sumitomo Dainippon Pharma (DSP), a company that was formed upon the completion of a partnership between Roivant Sciences Ltd. And DSP. The Sumitovant BioPharma organization that Urovant belongs to operates 5 pharmaceutical companies; each is highly specialized:
- Altavant: Focuses on respiratory diseases with significant attention on pulmonary arterial hypertension (PAH)
- Enzywant: Centers on T-cell implicated issues and pediatric congenital athymia
- Myovant: Specializes in Women’s Health and advanced prostate cancer
- Urovant: Focused on advanced urologic conditions
- Spirovant: Concentrates on respiratory issues including cystic fibrosis and other pulmonary diseases
Urovant is based in Irvine, California. Sumitovant Biopharma is located in New York City and its corporate parent Sumitomo Dainippon Pharma is headquartered in Chuo-ku, Osaka Japan. In 2019 Sumitomo Dainippon Pharma (TYO: 4506) generated over $4 billion in sales.
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