Read
- IRS official refuses to answer questions at scandal hearing
- Bernanke comments spur volatility, but stocks, dollar gain
|
- British opposition leader says Google tax behavior 'wrong'
- Senate panel passes immigration bill; Obama praises move
- Rescuers search Oklahoma tornado town ruins as recovery starts
|
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Sponsored Links
FDA approves Talon's Marqibo for rare leukemia
WASHINGTON |
WASHINGTON (Reuters) - The Food and Drug Administration said on Thursday it has approved Talon Therapeutics Inc's Marqibo treatment for adults with a rare form of leukemia known as Philadelphia chromosome negative acute lymphoblastic leukemia.
The drug, a targeted version of generic chemotherapy drug vincristine, will be the first commercial product for Talon.
The company is majority-owned by Warburg Pincus and Deerfield Management, but shares accounting for a minority portion of its equity trade over-the-counter and were down 5 percent in afternoon trading.
Talon licensed Marqibo in 2006 after the FDA turned down an application for the drug, filed by two other companies, as a treatment for relapsed non-Hodgkin's lymphoma.
Thursday's FDA approval is for acute lymphoblastic leukemia patients who have failed at least two other therapies.
Talon's shares, which were down 5 percent at 92 cents, have more than doubled so far this year.
(Reporting by David Morgan; Editing by Gerald E. McCormick, Bernard Orr)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters