This Is Why Amgen's New Cancer Drug Could Be Huge [The Motley Fool]
Mirati Therapeutics, Inc. (MRTX)
Last mirati therapeutics, inc. earnings: 2/25 08:00 am
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US:NASDAQ Investor Relations:
ir.mirati.com/node/5806
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Source: The Motley Fool
Cory Renauer(TMFangapples)Author BioCory is a long-term minded analyst focused on the Sector. He genuinely enjoys cutting through the complexity to help everyday investors make better decisions.Follow @coryrenauerBiotechnology stocks are famous for dramatic price movements butsmart investorsNASDAQ:AMGNDespite its size, Amgen can move quickly where it matters most. On May 8, 0, the FDA granted a highly accelerated approval to a new lung cancer therapy in record time. This is why Lumakras could allow this biotech stock to deliver oversized gains for at least another decade.Image source: Getty Images.A long time coming?Scientists have known that mutant KRAS proteins were responsible for aggressive tumor growth for decades, but they aren't easy to manipulate. Once Amgen realized Lumakras could tackle aggressive cancer cases the company turbocharged its development.Amgen announced the first human proof-of-concept data for Lumakrasin 09Lumakras is the first KRAS inhibitor to earn approval
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