Exelixis (EXEL) and Ipsen (IPSEY) announced that the global phase 3 CONTACT-02 pivotal trial met one of two primary endpoints, demonstrating a statistically significant improvement in progression-free survival, or PFS, at the primary analysis. CONTACT-02 is evaluating cabozantinib in combination with atezolizumab compared with a second novel hormonal therapy in patients with metastatic castration-resistant prostate cancer, or mCRPC, and measurable soft tissue disease who have been previously treated with one novel hormonal therapy. At a prespecified interim analysis for the primary endpoint of overall survival, or OS, that occurred at the same time as the primary analysis of PFS, a trend toward improvement of OS was observed; however, the data were immature and did not meet the threshold for statistical significance. Therefore, the trial will continue to the next analysis of OS as planned. The safety profile of the combination of cabozantinib and atezolizumab was consistent with the known safety profiles for each single medicine, and no new safety signals were identified with the combination.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on EXEL:
- DraftKings upgraded, Home Depot downgraded: Wall Street’s top analyst calls
- SVB Securities starts Exelixis with a Market Perform, $18 price target
- Exelixis initiated with a Market Perform at SVB Securities
- Exelixis price target lowered to $24 from $25 at Barclays
- Exelixis price target raised to $23 from $21 at Stifel