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FDA approves update to Erbitux product labeling

The approval of the supplemental biologics license application is based on prolonged overall survival from a large, randomized, multicenter, Phase III trial comparing Erbitux plus best supportive care

Vernalis shares plunge on FDA rejection

The decision means a delay to a milestone payment Vernalis is due from US partner Endo Pharmaceuticals. The $40 million payment triggered by an approval would have gone