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flag Pfizer withdraws Oxbryta sickle cell treatment from markets due to risk-benefit imbalance.

flag Pfizer announced it will withdraw its sickle cell disease treatment, Oxbryta, from all approved markets due to clinical data indicating that its risks now outweigh the benefits. flag The company will also halt all related studies and access programs. flag Oxbryta, acquired in 2022 for $5.4 billion, was approved in the U.S. in 2019. flag Pfizer does not expect this decision to affect its financial outlook for 2024.

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