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JNJ
Benzinga
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FDA Clears Johnson & Johnson's Darzalex Faspro, Enabling Early Intervention In Myeloma Progression

1. FDA approved JNJ's Darzalex Faspro for high-risk multiple myeloma treatment. 2. Darzalex Faspro reduces disease progression risk by 51% versus active monitoring. 3. 63.1% of Darzalex Faspro patients remained disease-free at five years. 4. Caplyta also approved as adjunctive therapy for major depressive disorder. 5. Overall stock down 0.11% at $186.76 at publication.

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FAQ

Why Bullish?

The approval of Darzalex Faspro enhances JNJ’s market position in oncology, likely driving demand. Historical approvals often lead to increased stock value due to enhanced revenue expectations.

How important is it?

FDA approvals significantly impact a pharmaceutical company's future earnings potential, making this news highly relevant.

Why Long Term?

The long-term benefits of FDA approvals typically manifest in revenue growth over several quarters or years, as the drug gains traction in the market.

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