Aveo Subpoenaed by U.S. SEC for Documents on Kidney Cancer Drug
This article is for subscribers only.
Aveo Pharmaceuticals Inc. said it received a subpoena from U.S. regulators for documents on its experimental kidney cancer drug that was rejected for approval last month. The shares fell 14 percent in extended trading.
The Securities and Exchange Commission asked for documents and information concerning tivozanib, including communications with the Food and Drug Administration, Cambridge, Massachusetts-based Aveo said today in a filing. The company on June 10 said the FDA wouldn’t approve the drug for advanced kidney cancer because of inconsistent clinical trial results.