Pfizer, Inc. (PFE) said the Committee for Human Medicinal Products, or CHMP, of the European Medicines Agency has adopted a positive opinion regarding the marketing authorization of axitinib in the European Union for the treatment of adult patients with advanced renal cell carcinoma, a type of advanced kidney cancer, after failure of prior treatment with sunitinib or a cytokine.
Axitinib, a kinase inhibitor, is an oral therapy that was designed to selectively inhibit tyrosine kinases, including vascular endothelial growth factor receptors 1, 2 and 3, which are receptors that can influence tumor growth, vascular angiogenesis, and progression of cancer.
Pfizer stated that the CHMP's positive opinion will be reviewed by the European Commission, which has the authority to approve medicines for the European Union. The company anticipates a decision from the Commission in the coming months.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.