European Commission Approves Pfizer's ELREXFIO for Relapsed and Refractory Multiple Myeloma For Patients Who Have Received At Least Three Prior Therapies
Portfolio Pulse from Benzinga Newsdesk
The European Commission has granted approval for Pfizer's ELREXFIO to be used in the treatment of relapsed and refractory multiple myeloma in patients who have undergone at least three prior therapies. This marks a significant milestone for Pfizer as it expands its oncology portfolio in the European market.
December 08, 2023 | 12:56 pm
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Pfizer's ELREXFIO has been approved by the European Commission for treatment of relapsed and refractory multiple myeloma, potentially boosting Pfizer's presence in the European oncology market.
The approval of ELREXFIO by the European Commission is likely to have a positive impact on Pfizer's stock in the short term. It not only strengthens Pfizer's oncology portfolio but also opens up a new revenue stream in the European market. Given the specificity of the treatment for patients with limited options, this approval could be seen as a significant advancement and may positively influence investor sentiment.
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