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Biotech Stocks Facing FDA Decision In June 2024

Daiichi Sankyo
Daiichi Sankyo

The FDA decision on Patritumab deruxtecan, proposed for certain patients with previously treated locally advanced or metastatic EGFR-mutated non-small cell lung cancer, is expected on June 26, 2024.

Daiichi Sankyo (DSNKY.OB) and Merck have a global collaboration to jointly develop and commercialize Patritumab deruxtecan.

The drug candidate is a specifically engineered potential first-in-class HER3 directed antibody drug conjugate (ADC) designed using Daiichi Sankyo’s proprietary DXd ADC technology.

If approved, Patritumab deruxtecan would be a first-in-class HER3 directed DXd antibody drug conjugate for the intended patient population.

DSNKY.OB closed Wednesday’s trading at $34.24, down 1.81%.