Two FDA approvals in as many months for new immuno-oncology drug
Pfizer (NYSE: PFE) and Germany’s Merck KGaA (MRK: DE) have received their second approval in two months for immuno-oncology drug Bavencio (avelumab) in the USA.
The companies announced that the US Food and Drug Administration has given the green light for the novel biologic to be indicated as a treatment for certain urothelial carcinoma patients.
Bladder cancer makes up approximately 90% of urothelial carcinomas and is the sixth most common cancer in the USA.
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