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Agios Pharma Shares Rise as FDA Grants Breakthrough Status to Thermo Fisher's Glioma Test

Agios Pharma's shares increased following the FDA's breakthrough designation for Thermo Fisher's companion diagnostic test for IDH1 and IDH2 mutations, aimed at identifying glioma patients suitable for treatment with Agios' experimental drug vorasidenib.

Shares in Agios Pharma experienced an uptick after the FDA awarded breakthrough status to a companion diagnostic for vorasidenib, Agios' experimental drug targeting brain cancer. This diagnostic test, part of Thermo Fisher’s Oncomine Precision Assay, identifies isocitrate dehydrogenase 1 and 2 (IDH1 and IDH2) mutations, crucial for determining patient eligibility for targeted therapies with a quick turnaround.
Thermo Fisher and Agios have solidified their collaboration to co-develop this diagnostic for vorasidenib (AG-881), an IDH 1 and 2 inhibitor currently in the phase 3 INDIGO trial for low-grade glioma. Despite previous patient recruitment challenges due to the coronavirus pandemic, Agios presented promising phase 1 trial data at the ASCO congress, demonstrating vorasidenib's ability to penetrate the central nervous system and reduce a biomarker for IDH activity in brain tumours.
The Oncomine assay, initially launched as a research tool, is now being developed alongside vorasidenib, aiming for FDA approval as a clinical diagnostic for IDH1 and IDH2 mutations in low-grade glioma patients. This test is designed for Thermo Fisher’s Ion Torrent Genexus System, a next-generation sequencing (NGS) machine capable of delivering genomic profiling results in a single day, significantly faster than traditional methods.
With an estimated 70% of cancer drugs in development being targeted therapies, the importance of genome profiling in identifying specific disease-causing mutations is paramount. Thermo Fisher plans to seek approval for the Oncomine assay as a companion diagnostic for multiple therapies, targeting a wide range of mutations across various cancer types, including lung cancer through liquid biopsy or blood sample tumour profiling.
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[1]
Agios up as FDA gives Thermo Fisher glioma test breakthrough status
pharmaphorum.com · Jun 15, 2020

Agios Pharma's shares rose after FDA granted breakthrough status to a companion diagnostic for its brain cancer drug, vo...

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