Novartis' radioligand therapy nears new prostate cancer approval

5 December 2022

Swiss pharma giant Novartis (NOVN: VX) was up nearly 2% as Monday’s trading day neared its end in Europe.

The company had just announced that the pivotal Phase III PSMAfore study of Pluvicto (lutetium (177Lu) vipivotide tetraxetan), a prostate-specific membrane antigen (PSMA)-targeted radioligand therapy, met its primary endpoint.

"The first PSMA-targeted radioligand therapy to demonstrate significant and clinically meaningful benefits for people living with this type of prostate cancer who have not received taxane-based chemotherapy"

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