Is Amgen's Lung Cancer Drug Lumakras Up to the Mark? FDA Briefing Raises Concerns
Portfolio Pulse from Vandana Singh
The FDA has raised concerns over Amgen Inc's lung cancer drug, Lumakras, ahead of the Oncologic Drugs Advisory Committee meeting. The FDA staff reviewers suggested that the company's late-stage trial might not be considered 'adequate and well-controlled'. While Lumakras was approved by the FDA in May 2021, the recent findings imply the potential need for an additional confirmatory trial. Despite this, the commercial prospects for Lumakras might be mitigated by encouraging outcomes in colorectal cancer treatments and additional planned combination studies.
October 03, 2023 | 7:30 pm
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FDA concerns over Amgen's lung cancer drug, Lumakras, may impact the company's stock negatively in the short term. However, potential positive outcomes in colorectal cancer treatments and additional planned studies could mitigate this.
The FDA's concerns over Amgen's lung cancer drug, Lumakras, could negatively impact investor sentiment and the company's stock price in the short term. However, the potential for positive outcomes in colorectal cancer treatments and additional planned studies could offset this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100