Qiagen Receives FDA Approval to Expand Use of EGFR Test for Lung Cancer
Qiagen N.V. (QGEN) announced on January 18 that the company received FDA approval to extend the use of its EGFR test for lung cancer. Qiagen’s therascreen EGFR test is used in conjunction with the targeted therapy GILOTRIF as a first-line treatment for metastatic small cell lung cancer. The FDA approval extends the labeling of the EGFR test to include several other recognized mutations.
Rocket Tickers received the news and issued an alert at 4:05 pm on January 18. The next trade took place at 4:12 pm for $32.68. The stock price spiked higher at the market open on January 19 before pulling back during the morning trading hours. Qiagen’s stock then pushed higher again towards the close of trading on January 19. Larger gains followed during the next five trading sessions. The stock price continued to trend higher before closing at $34.72 on January 26.
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