Stockwatch: ASCO Controversies
Despite the early sell-off in life science stocks during last week’s American Society for Clinical Oncology (ASCO) conference, there were some very positive new developments for cancer patients. The only problem now is the question of who will pay for combination treatment regimens.
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Alexion Pharmaceuticals Inc. is reassessing its regulatory strategy after Phase III data for its warhorse Soliris in myasthenia gravis, a rare neuromuscular disease, missed statistical significance on the primary endpoint but the company hopes regulators will give the therapy the benefit of the doubt after more data are generated.
Biogen’s potential game-changing multiple sclerosis drug anti-LINGO-1 failed to meet the primary or secondary endpoints of a Phase II study, highlighting the challenges the biotech faces developing treatments for serious CNS disorders.
The big pharma presented early-stage data for its antibody drug conjugate at the American Society of Clinical Oncology (ASCO) in Chicago that showed promise for the drug in a small subset of patients with small cell lung cancer, but had disappointing results for the overall population.