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The FDA rejects Amgen's (AMGN) application to expand the use of the drug Xgeva to delay the...

The FDA rejects Amgen's (AMGN) application to expand the use of the drug Xgeva to delay the spread of tumors to the bone in patients suffering from advanced prostate cancer. It's a blow for Amgen, as analysts see Xgeva and a related osteoporosis drug Prolia as among the most important growth drivers for the company.
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