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Laekna Announces IND Approval of LAE120 (a Novel USP1 Inhibitor) for Treatment of Advanced Solid Tumors by FDA

1. FDA approved LAE120 for advanced solid tumors treatment. 2. This could intensify competition in cancer therapies affecting LLY.

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Why Bearish?

The approval of LAE120 introduces new competition in the oncology market, where LLY has existing products. Historical cases show FDA approvals can lead to significant market share shifts away from established players.

How important is it?

The development of LAE120 poses potential risks to LLY's oncology drug sales, prompting urgency in innovation and strategy to maintain market position. While not directly impacting LLY now, future implications could be significant.

Why Short Term?

The immediate launch of LAE120 and its competition with LLY's pipeline may have rapid effects on competitive dynamics and sales forecasts. Previous launches in similar contexts have shown quick market impact.

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LOS ANGELES--(BUSINESS WIRE)-- #Biotech--Laekna (2105.HK) announced that the U.S. Food and Drug Administration (FDA) has approved the IND for LAE120, an internally discovered USP1 inhibitor, for the treatment of advanced solid tumors. LAE120 is a novel, allosteric and highly potent USP1 inhibitor, displaying monotherapy potency and combination activity with PARP inhibitor in HRD (homologous recombination deficiency) cancers. It has a unique chemical structure differentiated from all the other disclosed US.

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