FDA Grants Priority Review to Merck's Application for WELIREG® (belzutifan) for the Treatment of Patients With Advanced Pheochromocytoma and Paraganglioma (PPGL)
1. FDA accepted MRK's WELIREG for priority review to treat rare tumors. 2. WELIREG shows promising Phase 2 trial results for advanced pheochromocytoma. 3. Target action date set for May 26, 2025, influencing MRK's timeline. 4. Low competition for PPGL treatment may enhance WELIREG's market position. 5. Merck emphasizes commitment to advancing therapies for rare cancers.