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Pingclinicinc's Story Links Home » Home » Pingclinicinc's story links FDA panel rejects drug for breast cancer (via www.latimes.com) Submitted by Pingclinicinc on Thu, 2007-12-06 09:56. By Daniel Costello, Los Angeles Times Staff Writer December 6, 2007 Genentech shares plunge. The vote could be a sign of tougher standards at the agency. A Food and Drug Administration panel dealt a sharp blow to biotech giant Genentech Inc. on Wednesday by refusing to recommend approval for the company's high-profile drug Avastin as a treatment for breast cancer. The news signaled to industry experts that federal regulators appear to be adopting stricter standards for drug approvals. It also sent the company's shares into free fall -- down more than 8% before trading was stopped in the afternoon. Average rating           (0 votes) Rate this: ---Excellent!Great!GoodQuite goodNot so great » Login or register to post comments report spam | Topic: modern medicine and sciences

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