US Stock Movement: Arcus Biosciences Plummets on September 24 Due to Competitor Approval and Kidney Cancer Competition

Arcus Biosciences September 24 Sharp Decline Explained

Keywords: Competing Product Approval, Kidney Cancer Competition

On September 25, the FDA approved Merck’s Welireg in combination with Lenvima for the treatment of kidney cancer, adding to the list of approved therapies for this indication. Arcus’s casdatifan is still in clinical development, with new data scheduled to be released on October 20. In the short term, there is a lack of realized clinical catalysts.

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