Gilead falls on withdrawing bladder cancer drug in US
** Drugmaker Gilead's GILD.O shares fall 1% to $86.48 premarket
** Company says it is voluntarily withdrawing its drug Trodelvy for previously treated patients with a type of bladder cancer after consultation with U.S. FDA
** Trodelvy was granted accelerated approval for metastatic urothelial cancer in 2021 by the FDA and continued approval was dependent on results of a confirmatory trial
** The drug failed to improve survival for patients with advanced bladder cancer in the trial
** Decision does not affect approval for Trodelvy for patients with other forms of cancer within or outside U.S. - GILD
** As of last close, stock up 7.8% YTD
Reporting by Puyaan Singh
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