CAMBRIDGE, Mass. (AP) — Ariad Pharmaceuticals says it has received approval to relaunch its leukemia drug Iclusig after addressing safety concerns raised by federal regulators in October.
Company shares jumped 14 percent.
Ariad added new warnings about potential blood clots and the risk of heart failure to the drug's label. Additionally the company revised prescribing information on which patients should receive the drug. Ariad expects to resume marketing by mid-January.
The Food and Drug Administration asked the company to halt sales and promotion of the drug, citing the danger of life-threatening blood clots.
Under a new risk management plan, the company is required to educate doctors about the drug's blood clot risks and new prescribing indication. Additionally, the FDA is requiring Ariad to track blood clot rates in patients taking Iclusig across several studies.