logo
  

Exelixis Announces Positive Top-Line Results From Phase 3 METEOR Trial

Exelixis, Inc. (EXEL) on Monday announced positive top-line results from the primary analysis of METEOR, the phase 3 pivotal trial comparing cabozantinib to everolimus in patients with metastatic renal cell carcinoma (RCC).

The pivotal phase 3 trial enrolled 658 patients who have experienced disease progression following treatment with a VEGF receptor tyrosine kinase inhibitor.

The company said the trial met its primary endpoint of demonstrating a statistically significant increase in progression-free survival in the first 375 randomized patients. Cabozantinib reduced the risk of disease progression or death by 42 percent compared to the everolimus arm.

Data pertaining to overall survival, a secondary endpoint of the trial, were immature at the data cutoff, although it favored cabozantinib.

Based on the outcome of METEOR, Exelixis plans to complete regulatory filings in the United States and European Union in early 2016. Cabozantinib received Fast Track designation by the U.S. Food and Drug Administration in April, 2015.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
French drug major Sanofi reported Thursday weak profit in its first quarter, despite higher net sales. The company also maintained its fiscal 2024 outlook. Sanofi shares were gaining around 4 percent in Paris trading as well as in pre-market activity on the Nasdaq. While reporting financial results for the first quarter on Wednesday, medical devices company Boston Scientific Corp. (BSX) raised its adjusted earnings and net sales growth guidance for the full-year 2024. For fiscal 2024, the company now projects earnings in a range of $1.43 to $1.48 per share and... Shares of Roche Holding AG were losing around 3 percent in Switzerland after the drug major reported weak sales in its first quarter and confirmed fiscal 2024 outlook. Excluding COVID-19-related products, quarterly sales increasedy 7 percent. For fiscal 2024, Roche continues to expect an increase in group sales in the mid single digit range at constant exchange rates.

This week, we feature Nigeria’s combat with meningitis, Hostile takeover bid for Vanda Pharma, US opioid crisis, Sammy’s Milk’s safety concerns, and X4’s Mavorixafor’s fast-track status.

View More Videos
Follow RTT