Eli Lilly Cancer Drug Developed in China Gets FDA Rejection

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The FDA sent Eli Lilly back to the drawing board Thursday, but it might not be worth the hassle.

Regulators rejected a lung cancer drug the pharmaceutical giant developed with a Chinese partner, urging them to conduct further trials. But analysts say the cost may be too steep to continue, potentially setting a worrisome precedent for the growing number of US firms looking to import drugs developed in the world's most populous country.

Source Fool.com