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FDA Approves Medivation (MDVN), Astellas' Xtandi for Late Stage Prostate Cancer

August 31, 2012 1:19 PM EDT

Below is the press release from the FDA on approval for Medivation (Nasdaq: MDVN) and Astellas' Xtandi for late stage prostate cancer:

FDA approves new treatment for a type of late stage prostate cancer

The U.S. Food and Drug Administration today approved Xtandi (enzalutamide) to treat men with late-stage (metastatic) castration-resistant prostate cancer that has spread or recurred, even with medical or surgical therapy to minimize testosterone.

Approved for prostate cancer patients previously treated with docetaxel, another anti-cancer treatment, Xtandi was reviewed under the FDAs priority... More