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Pfizer Inc. (PFE) and Astellas Pharma Announce Positive Results From the Phase 3 EV-304 Clinical Trial for PADCEVTM [Yahoo! Finance]

Pfizer, Inc. (PFE) 
Last pfizer, inc. earnings: 4/28 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
February 27 positive results from the Phase 3 EV-304 clinical trial for PADCEVTM, a Nectin-4 directed antibody-drug conjugate, in combination with Keytruda®, a PD-1 inhibitor, in patients with muscle-invasive bladder cancer eligible for cisplatin-based chemotherapy. RBC Capital Sees Merck (MRK) Returning to Growth Sooner Than Market Expects Management reported that Perioperative (before and after surgery) enfortumab vedotin plus pembrolizumab exhibited a 47% drop in the risk of tumor recurrence, progression, or death compared to patients treated with standard of care neoadjuvant (before surgery) gemcitabine and cisplatin. It further reported that an estimated 79.4% of patients were event-free at two years, relative to 66.2% treated with standard of care neoadjuvant chemotherapy. In a separate development, Pfizer Inc. (NYSE:PFE) was initiated with an Underperform rating and a $25 price target by RBC Capital on February 24, with the firm stating that it reflects an “insurmountable Show less Read more
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