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0 0.00340586565752128 0.00520340586565749 0.00558183538315992 0.00671712393566692 0.00596026490066221 0.0105960264900663 0.00964995269631027
Stock impact report

Chinese Drug Maker Clarifies Development Strategy For Bringing Cancer Drug To The U.S. Market [Forbes]

Eli Lilly and Company (LLY) 
Last eli lilly and company earnings: 4/23 06:25 am Check Earnings Report
US:NYSE Investor Relations: investor.lilly.com
Company Research Source: Forbes
It’s no secret that major biopharmaceutical companies have had designs on the China drug market as a source of revenue growth for drugs that have already been launched in the West. However, the unidirectional flow of new drug launches may start to change, albeit to a far lesser extent, as drug makers in China are planning to bring their home grown new drugs to the U.S. market. Chi-Med, a Chinese drug maker, recently made news by announcing its plans to develop its cancer drug, fruquintinib, in the U.S for an eventual commercial launch. Photographer: Sanjit Das/Bloomberg Fruquintinib, a VEGFR inhibitor, is nearing approval in China for colon cancer in patients who have already failed two other chemotherapies. Fruquintinib is likely to be a commercial success in China given that colon cancer is the fourth most common cancer in China and its only competition will be Bayer’s Stivarga, a less selective VEGFR inhibitor which has limited availability in China. Giv Show less Read more
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