GBT buy sours as Pfizer pulls Oxbryta from global markets

26 September 2024

Pfizer (NYSE: PFE) has announced the withdrawal of Oxbryta (voxelotor), a treatment for sickle cell disease (SCD), from all global markets.

Approved by the US Food and Drug Administration (FDA) in 2019, Oxbryta was seen as a breakthrough in treating SCD by targeting the underlying causes of red blood cell sickling and hemolysis.

However, after reviewing the latest clinical data, Pfizer determined that the risks outweigh the benefits.

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