- The FDA has approved the expanded use of Roche Holding AG’s (OTC:RHHBY) Xofluza (baloxavir marboxil).
- The medicine has been approved to treat acute uncomplicated influenza in otherwise healthy children aged 5-12 years who have shown symptoms for no more than 48 hours.
- This marks the first single-dose oral influenza medicine approved in the US for children in this age group.
- The FDA also approved Xofluza to prevent influenza in children aged five years to less than 12 years following contact with an infected person.
- Roche said Xofluza is already FDA-approved to treat influenza in people aged 12 and above.
- Price Action: RHHBY shares are up 1.71% at $41.74 during the market session on the last check Friday.
The Fed’s Next Move Against Inflation Hinges On Incoming Data: Powell Plans To ‘Scrutinize’ All-Important CPI, PPI, Jobs Numbers
Federal Reserve Chair Jerome Powell came off hawkish in testimony to Congress this week, noting the Fed is aware that continued high inflation is causing significant hardships.
