financetom
Business
financetom
/
Business
/
Gilead withdraws bladder cancer drug in US after failed trial
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Gilead withdraws bladder cancer drug in US after failed trial
Oct 18, 2024 6:17 AM

(Reuters) -Gilead Sciences ( GILD ) said on Friday it was voluntarily withdrawing its drug, Trodelvy, for previously treated patients with a type of bladder cancer after consultation with the U.S. health regulator.

The U.S. Food and Drug Administration had granted accelerated approval to Trodelvy, an antibody-drug conjugate, for metastatic urothelial cancer in 2021, while its continued approval was dependent on results of a confirmatory trial.

The drug, however, failed to improve survival for patients with advanced bladder cancer in the trial.

Shares of the drugmaker fell 1.3% to $86.25 in premarket trading.

The decision does not affect approval for Trodelvy for other patients within or outside of the U.S., the company said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved