Biogen rival to Teva's Copaxone takes further step forward

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Trial results show no safety concerns about Biogen's MS treatment BG-12.

Biogen Idec (BIIB) published further preliminary details today of the trial of its orally administered treatment for multiple sclerosis, BG-12. The drug will be competition for Teva Pharmaceutical Industries Ltd.'s (Nasdaq: TEVA; TASE: TEVA) flagship product Copaxone. Initial findings indicate no concerns about the safety of the drug, and it was found effective when taken two or three times daily.

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First results of the trial of Biogen's drug were released in April, and showed that taking it twice daily led to a 53% reduction in relapse rates. Biogen's MS treatment is likely to hit Teva's Copaxone, administered by injection, and development of Teva's orally administered MS treatment Laquinimod, severely.

Published by Globes [online], Israel business news - www.globes-online.com - on October 5, 2011