US FDA declines to approve injection form of J&J's lung cancer drug
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The U.S. FDA has declined to approve an injectable version of Johnson & Johnson's lung cancer drug, Rybrevant.
December 16, 2024 | 9:30 pm
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NEGATIVE IMPACT
The FDA's decision not to approve the injectable form of Rybrevant, a lung cancer drug by Johnson & Johnson, could negatively impact the company's stock in the short term.
The FDA's decision is a setback for J&J as it limits the expansion of their product offerings in the lung cancer treatment market. This could lead to a negative short-term impact on J&J's stock price as investors react to the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100