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BUZZ-Mersana rises on FDA's 'fast track' tag for cancer drug, early-stage trial data

Reuters
01-10
BUZZ-Mersana rises on FDA's 'fast track' tag for cancer drug, early-stage trial data

** Shares of drug developer Mersana Therapeutics MRSN.O rise 5.38% to $1.38 premarket

** Co says U.S. FDA has granted additional fast track tag to its experimental drug XMT-1660

** The new tag is for the treatment of some patients with a type of breast cancer

** The FDA's Fast Track program is designed to facilitate the development and expedite the review of drug candidates to treat serious conditions and fill an unmet medical need

** Separately, co announced data from an early-stage trial of the drug in patients with a type of breast cancer

** Stock fell 38.36% last year

(Reporting by Sriparna Roy in Bengaluru)

((Sriparna.Roy@thomsonreuters.com;))

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