FDA panel votes against Aveo's kidney cancer drug

[riky]

FDA panel votes against Aveo's kidney cancer drug

<p><a href="http://news.yahoo.com/u-fda-panel-votes-against-approval-aveos-kidney-161254012.html"><img src="http://l1.yimg.com/bt/api/res/1.2/I_ZWFLIhIaJwXC6INPizHg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-05-02T165236Z_1_CBRE9411AVY00_RTROPTP_2_CHINA-PHARMACEUTICALS.JPG" width="130" height="86" alt="A view shows the U.S. Food and Drug Administration (FDA) headquarters in Silver Spring" align="left" title="A view shows the U.S. Food and Drug Administration (FDA) headquarters in Silver Spring" border="0" /></a>By Toni Clarke (Reuters) - An advisory panel to the Food and Drug Administration recommended that the agency reject a kidney cancer drug made by Aveo Pharmaceuticals Inc and Astellas Pharma Inc, saying data from the clinical trial were inconsistent. In a 13-1 vote on Thursday, the panel said Aveo had not shown that the drug's benefits outweighed its risks in a well-controlled study, and said a second trial would be needed before the drug, tivozanib, should be approved. Aveo's shares fell as much as 57 percent on Thursday. ...</p><br clear="all"/>

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