TOKYO: Japan's government has given up on approving Fujifilm Holdings Corp's Avigan drug for the treatment of Covid-19 by the end of May, Kyodo News reported on Tuesday citing a government official.
Fujifilm shares slumped last week after Kyodo reported that an interim study showed no clear evidence of efficacy for Avigan in Covid-19 cases. During an earnings briefing on May 22, Fujifilm Senior Vice President Junji Okada declined to comment on when Avigan might be approved. The company did not immediately respond to a Reuters request for comment on Tuesday.
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