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The month’s FDA approvals: what got cleared, why it matters, and the commercial signals investors should care about.

FDA approvals - March 2026

FDA approvals - March 2026

New options emerged in PBC-associated itch, plaque psoriasis, neurologic Hunter syndrome, and platinum-resistant ovarian cancer.

Johnson & Johnson’s ICOTYDE brings a new oral IL-23 option to plaque psoriasis

Johnson & Johnson’s ICOTYDE brings a new oral IL-23 option to plaque psoriasis

On March 17, 2026, the FDA approved Johnson & Johnson’s ICOTYDE (icotrokinra) for adults and pediatric patients 12 years and older who weigh at least 40 kg with moderate-to-severe plaque psoriasis who are candidates for systemic therapy or phototherapy. ICOTYDE is a once-daily oral IL-23 receptor antagonist, and Johnson

FDA approves Alfasigma’s Lynavoy for primary biliary cholangitis

FDA approves Alfasigma’s Lynavoy for primary biliary cholangitis

On March 17, 2026, the US FDA approved Lynavoy (linerixibat) for cholestatic pruritus associated with primary biliary cholangitis.  The approval came days after GSK and Alfasigma announced a March 9 licensing agreement under which Alfasigma acquired exclusive worldwide rights to develop, manufacture, and commercialize linerixibat. Under the agreement, GSK receives

FDA approves Vanda’s Bysanti for schizophrenia and bipolar I manic or mixed episodes

FDA approves Vanda’s Bysanti for schizophrenia and bipolar I manic or mixed episodes

On February 20, 2026, the FDA approved Bysanti (milsaperidone) from Vanda Pharmaceuticals (VNDA, Nasdaq) for schizophrenia and for manic or mixed episodes associated with bipolar I disorder in adults.  Vanda describes Bysanti as a new chemical entity atypical antipsychotic that is bioequivalent to iloperidone across the therapeutic dosing spectrum, enabling

FDA approvals - December 2025

FDA approvals - December 2025

The winter batch of FDA approvals featured therapies that compress intervention into fewer doses, fewer visits, and fewer points of failure.

FDA Approvals - November 2025

FDA Approvals - November 2025

Mitochondrial disease and mutant leukemias signal where specialty pharma is placing its biggest bets.