Merck's WELIREG Advances in FDA Review, Offering New Hope for Advanced Renal Cell Carcinoma Patients
Portfolio Pulse from Benzinga Newsdesk
Merck's (NYSE:MRK) new drug WELIREG has been granted priority review by the FDA for the treatment of advanced renal cell carcinoma. The drug has shown significant improvement in progression-free survival compared to everolimus in the LITESPARK-005 trial. The FDA has set a target action date of January 17, 2024.
September 19, 2023 | 10:47 am
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Merck's new drug WELIREG has been granted priority review by the FDA, which could potentially lead to its approval for the treatment of advanced renal cell carcinoma. This could have a positive impact on Merck's stock in the short term.
The FDA's priority review of WELIREG indicates the drug's potential significance in treating advanced renal cell carcinoma. If approved, this could lead to increased revenues for Merck, positively impacting its stock price.
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