Merck and AstraZeneca's Cancer Drug Wins 3 New Approvals in Japan

On Monday, two big pharmaceutical companies delivered some good news about one of their projects. Merck (NYSE: MRK) and AstraZeneca (NASDAQ: AZN) announced in separate press releases that their cancer drug Lynparza received approval by Japan's pharmaceutical regulator for the treatment of three types of the disease: prostate, ovarian, and pancreatic.

The country's Ministry of Health, Labor, and Welfare approved Lynparza as a maintenance treatment following the administration of first-line chemotherapy in patients with certain types of those cancers.

Image source: Getty Images.

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Source Fool.com