Cancer drug suspended by manufacturer - WREX.com – Rockford’s News Leader

Cancer drug suspended by manufacturer

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NEW YORK (WREX) -

The potential for blood clots is behind Ariad Pharmaceuticals' decision to suspend sales of Iclusig, a drug used to treat leukemia.

The Massachusetts company was asked to stop marketing the drug by the Food and Drug Administration on Wednesday afternoon. Thursday, Ariad said it's in negotiations with the agency to change prescribing information and manage risks associated with the drug. The company said it wants to continue to market Iclusig.

Concerns over the side effects were released earlier this month, resulting in shares of Ariad losing three-quarters of their value. In premarket trading on Thursday, the stock dropped 43 percent to $2.24.

Iclusig was approved by the FDA in December to treat two rare types of leukemia.

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