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Stock impact report

GSK (GSK) Scores Win in the Form of Lung Cancer Drug's Orphan Drug Designation [Yahoo! Finance]

GlaxoSmithKline PLC (GSK) 
US:NYSE Investor Relations: gsk.com/en-gb/investors
Company Research Source: Yahoo! Finance
GSK plc (NYSE:GSK) is one of the largest pharmaceutical companies in the world. The firm scored a major win on December 10th after the Food and Drug Administration (FDA) granted its lung cancer drug risvutatug rezetecan the Orphan Drug Designation. Such a designation allows drugs with small target populations to receive financial incentives, such as tax breaks, to spur research and development. GSK plc (NYSE:GSK)'s risvutatug rezetecan, also called the GSK'227, received the FDA's designation after its phase 1 clinical trials called ARTEMIS-001 showed positive responses in patients with serious small-cell lung cancer. GSK plc (NYSE:GSK) also shared additional details about the small-cell lung cancer (SCLC) market. According to the firm, this cancer accounts for 13% of all cancers in America, with 29,500 people expected to be diagnosed with the disease. Copyright: kadmy / 123RF Stock Photo Investment bank JPMorgan kept a Sell rating and a £17 share price target for GSK plc (NYSE:GS Show less Read more
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