AstraZeneca wins FDA approval for immunotherapy drug

The Food and Drug Administration approved AstraZencea's immunotherapy drug, Imfinzi, as a treatment for bladder cancer.

Imfinzi may be used to treat patients with advanced cancer bladder whose illness has advanced despite chemotherapy. The average wholesale acquisition price for the drug is about $15,000 a month, according to AstraZeneca.

While this decision marks the first approved use for the immunotherapy drug, AstraZeneca is also exploring Imfinzi's efficacy to treat lung cancer.

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