Bayer (BAYRY) announced that the U.S. Food and Drug Administration has accepted the company’s new drug application and granted Priority Review designation for the investigational compound sevabertinib, an oral, small molecule, tyrosine kinase inhibitor, for the treatment of adult patients with advanced non-small cell lung cancer whose tumors have activating human epidermal growth factor receptors 2 mutations and who have received a prior systemic therapy. “The FDA’s decision to grant Priority Review designation to our application for sevabertinib is a significant milestone that supports our ongoing efforts to develop healthcare solutions that help people living with lung cancer,” said Christine Roth, Executive Vice President, Global Product Strategy and Commercialization and Member of the Pharmaceuticals Leadership Team at Bayer. “If approved, sevabertinib will provide an additional treatment option for previously treated patients with advanced NSCLC harboring a HER2-activating mutation.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAYRY:
- Bayer price target raised to EUR 25 from EUR 22 at Barclays
- Trump Trade: Trump considers 50% tariff on EU, 25% on iPhones
- OTC Markets Group welcomes Bayer to OTCQX
- Trump admin report implies companies are worsening health of children, FT says
- Bayer reports FDA approved Jivi for use in pediatric patients 7 years and older
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue