AAA gains European approval for Lutathera

2 October 2017

The European Commission has approved the marketing authorization of lutetium (177Lu) oxodotreotide (Lutathera) for the treatment of unresectable or metastatic, progressive, well differentiated (G1 and G2), somatostatin receptor positive gastroenteropancreatic neuroendocrine tumors (GEP-NETs) in adults.

The news caused the shares of the drug’s developer, France’s Advanced Accelerator Applications (Nasdaq: AAAP [AAA]) to rise 3.87% to $67.62 on Friday. This approval allows for the marketing of lutetium (177Lu) oxodotreotide (Lutathera) in all 28 European Union member states, as well as Iceland, Norway and Liechtenstein.

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