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Biotech Stocks Facing FDA Decision In November 2023

Takeda Pharmaceutical
Takeda Pharmaceutical

Takeda Pharmaceutical Company Limited (TAK) is eagerly anticipating the FDA's decision on two of its drug candidates next month.

First up, TAK-755, an enzyme replacement therapy, proposed for the treatment of congenital thrombotic thrombocytopenic purpura, is due for review on November 16.

Congenital thrombotic thrombocytopenic purpura is an ultra-rare, chronic, and debilitating blood clotting disorder associated with life-threatening acute episodes and debilitating chronic symptoms.

Following closely, Fruquintinib, a highly selective and potent inhibitor of vascular endothelial growth factor receptors (VEGFR) -1, -2 and -3, proposed for the treatment of adult patients with previously treated metastatic colorectal cancer, awaits the decision on November 30.

TAK closed Friday’s trading at $13.47, up 0.67%.