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Regulatory milestones, especially Priority Review, typically produce positive sentiment and potential near-term upside as the market prices in a faster FDA decision and potential label expansion for AZN's durvalumab.
What happened, with direct paths to the underlying reporting
AstraZeneca's supplemental Biologics License Application for IMFINZI in combination with enfortumab vedotin has been accepted by the FDA and granted Priority Review for cisplatin-ineligible muscle-invasive bladder cancer. A positive outcome would broaden durvalumab's label and potentially boost the EV collaboration's value, with a decision expected within six months, creating a near-term regulatory catalyst for AZN.
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