RE: Citi Bank set target of $7.0028 May 2024 17:55
Investors reacted negatively to the late-stage data for ivonescimab. However, there was some good news: China's National Medical Products Administration gave the drug its first regulatory approval on Friday as a second-line treatment for patients with epidermal growth factor receptor (EFGR) mutated, advanced or metastatic NSCLC.
Was there any silver lining in the safety data presented by Akeso? Perhaps: Summit noted that the most common serious adverse events were related to chemotherapy rather than ivonescimab.