Mirati Therapeutics gets a Breakthrough designation for its colorectal cancer drug

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Shares of Mirati Therapeutics Inc. MRTX, -1.96% jumped 6.0% in premarket trading on Thursday after the company said the Food and Drug Administration granted a breakthrough therapy designation to Krazati as a treatment for colorectal cancer. The drug is already approved to treat certain kinds of non-small cell lung cancer. Mirati’s stock has tumbled 71.8% so far this year, while the broader S&P 500 SPX, +0.59% is down 18.6%.

This article was originally published by Marketwatch.com. Read the original article here.

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