CEL-SCI Tumbles After Study Misses Primary Endpoint – TheStreet

https://www.thestreet.com/investing/cel-sci-cvm-study-misses-primary-endpoint


0

CEL-SCI  (CVM) – Get Report plummeted Monday after the biotech said its treatment for squamous cell carcinoma missed its primary endpoint in a Phase 3 study,

Shares of the Vienna, Va., company were down nearly 48% to $13.26 at last check. Trading was halted at least three times, according to Bloomberg.

Nasdaq Rises as Tech Shares Rally, S&P 500 Struggles for Direction

CEL-SCI said that the Phase 3 study for its immunotherapy Multikine indicated a significant overall survival benefit for patients who received the treatment regimen followed by surgery and radiotherapy, but not for patients who had chemotherapy added to the same treatment.

Patients treated with the Multikine treatment regimen plus standard of care compared with standard of care alone had an overall survival benefit of 14.1% at 5 years which exceeded the pre-defined 10% overall survival benefit set out for the study population as a whole.

When the complete study population to which the Multikine
treatment regimen was administered and higher risk was compared to control, the study did not achieve its primary endpoint of a 10% improvement in overall survival.

The overall suvrival benefit of 14.1% at five years for the lower risk subgroup exceeded the 10% overall survival benefit set out for the study population as a whole.

The chemotherapy, cisplatin, was given intravenously and may have negated the survival benefit imparted by Multikine immunotherapy in these patients, the company said.

The global trial enrolled 928 stage III and IVa patients through 78 sites on three continents. 

No safety issues for Multikine were found during or as a result of its administration, including no late effects, in the overall treated patient population, the company said.

“Based on this landmark study data, we intend to seek FDA approval for what could become the first treatment in newly diagnosed advanced primary head and neck cancer in many decades,” CEO Geert Kersten said in a statement.


Like it? Share with your friends!

0

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format