FDA Approves AstraZeneca's Blockbuster Cancer Drug, Imfinzi, In Combination With Chemo For Non-Small Cell Lung Cancer
Portfolio Pulse from Vandana Singh
The FDA has approved AstraZeneca's (NASDAQ: AZN) cancer drug Imfinzi in combination with chemotherapy for early-stage non-small cell lung cancer (NSCLC). The approval is based on the AEGEAN trial, which showed significant improvements in event-free survival and pathologic complete response rates. Imfinzi is also under review for other indications and has shown promising results in various trials.
August 16, 2024 | 12:51 pm
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The FDA has approved AstraZeneca's Imfinzi for early-stage NSCLC in combination with chemotherapy, based on positive AEGEAN trial results. This approval could boost AZN's market position and revenue.
The FDA approval of Imfinzi for early-stage NSCLC is a significant milestone for AstraZeneca. The positive results from the AEGEAN trial, including a 32% reduction in risk of recurrence and a higher pathologic complete response rate, suggest strong efficacy. This approval is likely to enhance AstraZeneca's market position and drive revenue growth, positively impacting the stock price in the short term.
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