Skip to content
Back to Guavy Wire
Stocks

Merck and Daiichi Sankyo Withdraw Accelerated Approval Application for Small Cell Lung Cancer Drug

Instruments
AMGN MRK
Share

Pharmaceutical giants Merck & Co., Inc. (NYSEMRK) and Daiichi Sankyo (TYO4568) have withdrawn their joint accelerated approval application for ifinatamab deruxtecan, a small cell lung cancer drug.

The US Food and Drug Administration (FDA) had granted the application priority review in April with an action date of October 10, 2026. However, after discussions with the FDA, Merck and Daiichi Sankyo concluded that their supporting data did not meet the agency's requirements for accelerated approval.

The biologics license application was seeking treatment for adults whose extensive-stage small cell lung cancer had progressed on or after platinum-based chemotherapy. The companies are continuing to enroll patients in a Phase 3 trial, IDeate-Lung02, which compares ifinatamab deruxtecan with physicians' choice of amrubicin, lurbinectedin, or topotecan.

Merck and Daiichi Sankyo are also studying the drug in Phase 3 trials for prostate and esophageal cancers. Amgen Inc. (NASDAQAMGN) has already received full approval from the FDA for its Imdelltra treatment in the same setting.

More on Stocks

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc