Aveo battered again by new Fotivda setback
Shares in US company Aveo Oncology (Nasdaq: AVEO) lost more than 30% of their value on Monday after another setback affecting the firm’s lead product.
Fotivda (tivozanib) is an oral vascular endothelial growth factor tyrosine kinase inhibitor discovered by Kyowa Hakko Kirin (TYO: 4151) and approved for the treatment of advanced renal cell carcinoma (RCC) in the European Union plus Norway, New Zealand and Iceland.
FDA unconvinced
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