USA-based UroGen Pharma (Nasdaq: URGN), a biotech developing and commercializing innovative solutions that treat urothelial and specialty cancers, closed 45% lower Wednesday.
UroGen earlier announced the outcome of a meeting of the Oncologic Drugs Advisory Committee (ODAC) of the US Food and Drug Administration (FDA), which discussed the company’s new drug application (NDA) for investigational drug UGN-102 (mitomycin) for intravesical solution.
The ODAC voted five to four against the benefit/risk of UGN-102 (mitomycin) for intravesical solution being favorable for the treatment of recurrent LG-IR-NMIBC.
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