5 Things You Need to Know About Loxo Oncology's Revolutionary New Cancer Drug [The Motley Fool]
LOXO ONCOLOGY (LOXO)
Last loxo oncology earnings: 11/8 06:45 am
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Source: The Motley Fool
In some ways, this is the most exciting FDA approval of the year, but don't look for blockbuster sales. The Nasdaq Biotechnology Index is down in 2018, but it's been a banner year for the biotech industry. The FDA's broken its own record for total new drugs approved in a single year, and one of the latest is a revolutionary new cancer treatment from Loxo Oncology ( NASDAQ:LOXO ) . Unfortunately for Loxo, earning an approval for Vitrakvi could be easier than marketing it. Here's what's going to work for and against this important new drug's commercial launch. Image source: Getty Images. 1. Vitrakvi's an important first for cancer patients The FDA recently approved Loxo Oncology's first new drug application, making Vitrakvi the first cancer treatment the agency's approved to treat a tumor-agnostic indication right off the bat. Keytruda from Merck earned a tissue-agnostic approval last year, but only after several approvals for cancer that starts in specif
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