| Life | Fri May 27, 2016 11:15am EDT |
The GlaxoSmithKline building is pictured in Hounslow, west London, Britain, June 18, 2013.
Reuters/Luke MacGregor/File Photo
The world's first life-saving gene therapy for children, developed by GlaxoSmithKline and Italian scientists, was approved for sale in Europe on Friday, in a step forward for the pioneering technology to fix faulty genes.
Called Strimvelis, it is designed for a tiny number of children with ADA Severe Combined Immune Deficiency (ADA-SCID). SCID is sometimes known as “bubble baby” disease, since those born with it have immune systems so weak they must live in germ-free environments.
Strimvelis is the second gene therapy to be approved in Europe, after UniQure's Glybera, which treats a rare adult blood disorder.
inRead invented by Teads
Glybera made history in 2014 as the first drug to carry a $1 million price tag. GSK has not so far revealed how much its product will cost but a source close to the company said last month it would be “very significantly less than $1 million”.
The EU approval for GSK's treatment had been expected, following a positive opinion from the European Medicines Agency last month.
The U.S. Food and Drug Administration has yet to approve any gene therapies but a growing number of U.S. biotech companies have products in development.
(Reporting by Ben Hirschler; editing by Adrian Croft)