Gilead, AstraZeneca, and Roche Data Signal New Growth in Cancer Drug Market
Three pharmaceutical giants—Gilead Sciences, AstraZeneca, and Roche—unveiled promising breast cancer treatment data at the European Society for Medical Oncology meeting in Berlin. Investors reacted with measured optimism, pushing Gilead's shares up 4.21% and AstraZeneca's 1.03%, while Roche dipped 0.31%.
Gilead's Trodelvy demonstrated a 38% reduction in disease progression risk for triple-negative breast cancer patients, outperforming chemotherapy in a 558-patient study. The drug extended progression-free survival to 9.7 months versus 6.9 months for standard care, building on its 2020 FDA approval.