India, April 28 -- It takes 10-15 years and billions of dollars for a pharma company to bring a drug to the market. Now imagine that after years of effort, time, and investment, a company is forced to pull the drug from the market because the data used to secure approval was manipulated.
That is the situation unfolding with ChemoCentryx's Tavneos, which received FDA approval in October 2021, for the adjunctive treatment of anti-neutrophil cytoplasmic autoantibody (ANCA)-associated vasculitis, a group of rare autoimmune diseases.
ChemoCentryx Inc., the developer of Tavneos, was acquired by Amgen Inc. (AMGN) in August 2022 for $4 billion in cash. The deal was then seen as a strategic move to strengthen Amgen's long-standing leadership in in...