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Ipsen shelves Cabometyx combo in prostate cancer after Phase III miss [Yahoo! Finance]

Exelixis, Inc. (EXEL) 
Last exelixis, inc. earnings: 2/25 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
an indication in prostate cancer outside the US or Japan after a Phase III trial failed to meet one of its primary endpoints. Ipsen's CONTACT-02 trial (NCT04446117), investigating Cabometyx in combination with Roche's Tecentriq (atezolizumab) in metastatic castration-resistant prostate cancer (mCRPC), did not meet statistical significance in overall survival (OS) improvement at 24 months, as per a 15 September press release. The French biopharma said that based on these results and the “challenging regulatory environment”, it would not be pursuing regulatory submissions for the combination therapy in mCRPC. Ipsen has commercialisation and development rights for the drug in countries outside the US and Japan following a 2016 deal with Cabometyx's original developer Exelixis. While Exelixis kept hold of US rights, it granted Japanese duties to Takeda in 2017. Ipsen has overseen approvals in renal cell carcinoma, thyroid carcinoma, and hepatocellular carcinoma indications for Cab Show less Read more
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