Mylotarg Withdrawn from the Market Over Safety Issues

The FDA announced that Pfizer will withdraw Mylotarg from the market in October after recent clinical studies have shown that the drug may not be effective and poses greater risks than benefits to patients. The drug was used in patients with acute myeloid leukemia. Read the FDA's notice here.

The accelerated approval process employed by Pfizer was designed to bring drugs to patients with serious life threatening diseases, however clinical trials for this drug have shown that there is an increase rate of death in the first couple months of treatment. This is the first drug to be withdrawn from the market after using the abbreviated approval process.

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