Takeda Received FDA Approval Of Fruzaqla For Previously Treated Metastatic Colorectal Cancer.
Portfolio Pulse from Charles Gross
Takeda Pharmaceutical Company Limited (TAK) has received FDA approval for Fruzaqla, a drug for previously treated metastatic colorectal cancer.
November 08, 2023 | 10:58 pm
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Takeda's FDA approval for Fruzaqla could potentially boost its stock as it opens up a new revenue stream.
FDA approval for a new drug is a significant event for pharmaceutical companies. It opens up a new revenue stream and is a testament to the company's R&D capabilities. This news is highly relevant to Takeda and could potentially boost its stock in the short term.
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