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$8B Loxo deal yields first drug with approval of Lilly’s targeted lung cancer therapy

Retevmo selpercatinib becomes the first targeted therapy approved for RET-driven cancers

FDA’s approval of Retevmo selpercatinib from Eli Lilly is the second approval for a genetically defined subset of non-small cell lung cancer patients this week.

The selective RET inhibitor is the first product of the $8 billion takeout of Loxo Oncology Inc. by Eli Lilly and Co. (NYSE:LLY) last year to reach the market,

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