U.S. FDA Approves Pfizer's VELSIPITY For Adults With Moderately To Severely Active Ulcerative Colitis
Portfolio Pulse from Benzinga Newsdesk
The U.S. FDA has approved Pfizer's VELSIPITY for adults with moderately to severely active ulcerative colitis. The approval is based on favorable safety and efficacy data from the ELEVATE UC Phase 3 trials.
October 13, 2023 | 1:05 pm
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Pfizer's VELSIPITY has received FDA approval, which could potentially boost the company's revenues and stock price in the short term.
FDA approval of a new drug is a significant positive event for a pharmaceutical company. It opens up a new revenue stream and is a validation of the company's research and development efforts. This news is likely to be viewed positively by investors and could lead to an increase in Pfizer's stock price in the short term.
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