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Friday, May 8, 2020

FDA approves Eli Lilly drug to treat three types of tumors

Eli Lilly’s (NYSE:LLY) Retevmo treatment is approved by the Food and Drug Administration for three types of tumors: non-small cell lung cancer, medullary thyroid cancer and other types of thyroid cancers.
The FDA calls Retevmo (selpercatinib) “the first therapy approved specifically for cancer patients with RET gene alterations,” a mutation that occurs in ~2% of lung cancers and 10%-20% of papillary thyroid cancers.
Lilly’s drug is part of a trend of treating cancer based on a patient’s genetics rather than the location in the body where the disease originated.
Lilly will price the drug at $20,600 for 30 days of treatment, the head of the company’s oncology division tells Reuters.
https://seekingalpha.com/news/3572368-fda-approves-eli-lilly-drug-to-treat-three-types-of-tumors

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