Advertisement
Canada markets closed
  • S&P/TSX

    21,875.79
    -66.37 (-0.30%)
     
  • S&P 500

    5,460.48
    -22.39 (-0.41%)
     
  • DOW

    39,118.86
    -45.20 (-0.12%)
     
  • CAD/USD

    0.7312
    +0.0011 (+0.15%)
     
  • CRUDE OIL

    81.46
    -0.28 (-0.34%)
     
  • Bitcoin CAD

    83,980.61
    +407.19 (+0.49%)
     
  • CMC Crypto 200

    1,275.98
    -7.85 (-0.61%)
     
  • GOLD FUTURES

    2,336.90
    +0.30 (+0.01%)
     
  • RUSSELL 2000

    2,047.69
    +9.35 (+0.46%)
     
  • 10-Yr Bond

    4.3430
    +0.0550 (+1.28%)
     
  • NASDAQ

    17,732.60
    -126.08 (-0.71%)
     
  • VOLATILITY

    12.44
    +0.20 (+1.63%)
     
  • FTSE

    8,164.12
    -15.56 (-0.19%)
     
  • NIKKEI 225

    39,583.08
    +241.54 (+0.61%)
     
  • CAD/EUR

    0.6820
    +0.0003 (+0.04%)
     

US FDA declines to approve Astellas' gastric cancer drug

Jan 8 (Reuters) -

Japan's Astellas Pharma said on Monday the U.S. Food and Drug Administration (FDA) has declined to approve its experimental drug to treat a type of gastric cancer, citing issues related to a third-party manufacturer. The FDA has not raised any concerns related to the clinical data, and is not requesting additional clinical studies, Astellas said.

The company said it is working closely with the FDA and the third-party manufacturer to quickly resolve the regulator's feedback, adding that the decision does not affect any other Astellas product.

The antibody-based drug, zolbetuximab, is being developed to treat patients with a type of locally advanced unresectable gastric or gastroesophageal junction (GEJ) adenocarcinoma.

(Reporting by Mariam Sunny in Bengaluru; Editing by Rashmi Aich)