Reported Friday, FDA Approves Checkpoint Therapeutics' UNLOXCYT (cosibelimab-ipdl) For Advanced cSCC Treatment

Author: Benzinga Newsdesk | December 16, 2024 03:35am

"Today's FDA approval of UNLOXCYT – the first marketing approval for our company – is a significant milestone both for Checkpoint and for patients with advanced cSCC," said James Oliviero, President and Chief Executive Officer of Checkpoint. "This approval marks Checkpoint's transformation to a commercial-stage company, with the opportunity to compete in a U.S. market estimated to exceed $1 billion annually, where we believe UNLOXCYT offers a differentiated treatment option versus available therapies by binding to PD-L1, rather than programmed death receptor-1 ("PD-1"), to release the inhibitory effects of PD-L1 on the anti-tumor immune response. Additionally, UNLOXCYT has demonstrated the ability to induce antibody-dependent cell-mediated cytotoxicity ("ADCC"), another potential differentiating feature of the drug compared to existing marketed therapies for patients with cSCC."

Posted In: CKPT