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Next milestones needed to undo Ariad's haircut on Iclusig boxed warning
Iclusig black out
By Andrew Fisher
Staff Writer
Published on
Monday, December 24, 2012
Ariad
Pharmaceuticals Inc. has lost $568.3 million in market cap since FDA
approved leukemia drug Iclusig ponatinib with an unexpected boxed warning for
arterial thrombosis and liver toxicity. Buysiders and analysts think the
sell-off was an overreaction, but expect the market to wait for sales numbers
and additional data before moving back into the stock.
On Dec. 14, FDA granted
accelerated approval for Iclusig to treat chronic myelogenous leukemia (CML)
and Philadelphia chromosome-positive (Ph+) acute lymphoblastic leukemia (ALL)
that is resistant to or intolerant of prior treatment with tyrosine kinase
inhibitors.
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