Astrazeneca Announced Truqap Approved In US For HR+ Breast Cancer
Portfolio Pulse from Charles Gross
AstraZeneca's Truqap, in combination with Faslodex, has been approved by the FDA for HR-positive, HER2-negative advanced or metastatic breast cancer with specific biomarker alterations. The approval follows the CAPItello-291 Phase III trial results, which showed a 50% reduction in disease progression or death compared to Faslodex alone.
November 17, 2023 | 10:12 am
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AstraZeneca's Truqap has been FDA approved for HR-positive, HER2-negative breast cancer, which could lead to increased sales and positive investor sentiment.
FDA approval of a new drug typically leads to increased sales and positive market perception, which can drive up the stock price. Given the significance of the approval for a major treatment area like breast cancer, the impact on AstraZeneca's stock is likely to be positive in the short term.
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IMPORTANCE 90
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