Advertisement
Canada markets close in 6 hours 1 minute
  • S&P/TSX

    21,977.03
    -34.69 (-0.16%)
     
  • S&P 500

    5,077.98
    +7.43 (+0.15%)
     
  • DOW

    38,472.78
    -30.91 (-0.08%)
     
  • CAD/USD

    0.7296
    -0.0024 (-0.33%)
     
  • CRUDE OIL

    82.80
    -0.56 (-0.67%)
     
  • Bitcoin CAD

    90,337.91
    -818.23 (-0.90%)
     
  • CMC Crypto 200

    1,430.32
    +6.22 (+0.44%)
     
  • GOLD FUTURES

    2,332.20
    -9.90 (-0.42%)
     
  • RUSSELL 2000

    2,004.14
    +1.49 (+0.07%)
     
  • 10-Yr Bond

    4.6420
    +0.0440 (+0.96%)
     
  • NASDAQ

    15,791.68
    +95.04 (+0.61%)
     
  • VOLATILITY

    15.71
    +0.02 (+0.13%)
     
  • FTSE

    8,068.94
    +24.13 (+0.30%)
     
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • CAD/EUR

    0.6822
    -0.0014 (-0.20%)
     

Novartis wins FDA's breakthrough tag for lung cancer hopeful

FILE PHOTO: Swiss drugmaker Novartis' logo is seen in Stein

ZURICH (Reuters) - Novartis <NOVN.S> has secured the U.S. Food and Drug Administration's Breakthrough Therapy Designation for its investigational medicine capmatinib, which it aims to file for approval later this year against a mutated form of lung cancer.

Novartis is aiming to win approval for oral capmatinib as a first-line treatment for patients with metastatic MET exon14 skipping-mutated non-small cell lung cancer (NSCLC), a form of the disease for which there are no targeted therapies now, the Basel-based company said on Friday.

(This story fixes typographical error in first paragraph.)

(Reporting by John Miller; Editing by Michael Shields and David Goodman)