FDA Panel Votes 11-2 In Favor of Usage for GlaxoSmithKline's (GSK) Votrient
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Price: $40.91 +0.12%
Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 4.8%
Revenue Growth %: +28.8%
Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 4.8%
Revenue Growth %: +28.8%
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GlaxoSmithKline (NYSE: GSK) announced today that the Oncologic Drugs Advisory Committee to the US FDA voted 11 to 2 that evidence from clinical studies support a favourable benefit – risk assessment for use of Votrient in treating patients with advanced soft tissue sarcoma who have received prior chemotherapy, noting that those with gastrointestinal stromal tumours (GIST) and adipocytic sarcomas were not included in the Phase III trial. The ODAC reviewed findings from one Phase III clinical study and one Phase II study.
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