AbbVie's Ovarian Cancer Drug Elahere Gets Approval in Europe [Yahoo! Finance]
AbbVie Inc. (ABBV)
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Source: Yahoo! Finance
The EC has approved Elahere for treating adult patients with folate receptor-alpha (FRa) positive, platinum-resistant and high-grade serous epithelial ovarian, fallopian tube or primary peritoneal cancer who have received one to three prior systemic treatments. Following the approval, Elahere became the first and only FRa-directed antibody drug conjugate (ADC) approved specifically for patients with FRa positive, platinum-resistant ovarian cancer in the European Union. Elahere was granted full approval by the FDA for a similar indication in March 2024. The drug was initially approved for this indication under the accelerated pathway in 2022. Shares of AbbVie have gained 6.5% so far this year compared with the industry's rise of 3.4%. Image Source: Zacks Investment Research The latest approval in Europe was based on data from the phase III MIRASOL study, which evaluated Elahere against the investigator's choice of single-agent chemotherapy in the given patient population.
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