PharmaMar's oncology portfolio is gaining significant momentum across global markets, with multiple strategic developments underway for its key drug candidates. The company's management provided detailed updates during their Q4 2024 earnings call, highlighting several important advances in their international expansion efforts.
Japanese Market Entry Progress
Luis Mora, Managing Director of Oncology and Virology Business Units, revealed that PharmaMar is currently engaged in advanced discussions with multiple potential partners for licensing Lurbi Eadine in Japan. "We are in advanced discussions with several companies and expect to finalize negotiations in 2025," stated Mora, emphasizing the strong interest from the Japanese market for this therapeutic option.
European Regulatory Timeline
The company has outlined a clear regulatory pathway for Lurbi Eadine's first-line indication in Europe. According to Mora, PharmaMar plans to submit the regulatory dossier to the European Medicines Agency (EMA) in the first half of 2024. The review timeline could range from 7 to 12 months, depending on whether the application qualifies for accelerated review status.
Chinese Market Expansion
A significant milestone was achieved in December 2024 when PharmaMar's partner, Rua Pharma, received regulatory approval in China. The company's Chief Financial Officer, Maria Luisa de Francia Caballero, confirmed that revenue from China in 2024 was attributed to this approval milestone. Commercial launch preparations are currently underway, with the market entry expected in the first half of 2025.
Ongoing Clinical Development
The company continues to advance its clinical development programs, including the Ecubedin basket trial, which is investigating efficacy across 56 different tumor types. Enrollment for this comprehensive study is expected to complete this year, with data anticipated in 2025. Additionally, discussions with the FDA regarding development plans are scheduled.
Strategic Partnership Updates
In the United States, PharmaMar's partner Jazz Pharmaceuticals is pursuing regulatory advancement for labinectadine. While the company remains optimistic about potential priority review status, Senior Vice President of Strategic Development Pascal Besman noted that this decision ultimately rests with the FDA.
