Eisai shares fall 13% as EU rejects Alzheimer's drug

High expectations take a hit as regulator fails to follow the U.S., Japan and China

20240729 Eisai

Leqembi has been approved in countries such as the U.S., Japan and China, but the European Medicines Agency has balked at following suit. (Photo by Kento Awashima)

MITSURU OBE, Nikkei Asia chief business news correspondent

TOKYO -- Shares of Japanese drugmaker Eisai fell 13% in Tokyo on Monday following European authority's surprise rejection of its Alzheimer's drug last week.

"[T]he benefits of treatment are not large enough to outweigh the risks associated with Leqembi," said the European Medicines Agency (EMA) in an opinion issued on July 25. Leqembi can have side effects, such as headache and swelling in areas of the brain.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.