Array halts Phase III binimetinib trial in ovarian cancer
US biotech firm Array BioPharma (Nasdaq: ARRY) says it has decided to discontinue the MILO study, a Phase III trial of binimetinib for the treatment of patients with low-grade serous ovarian cancer.
The company's shares were down 7.12% to $2.74 in pre-market trading on Friday, when the announcement was made, but ended the day up 1.7% at $3.00
The decision to stop the study was made after a planned interim analysis showed that the Hazard Ratio for Progression Free Survival (PFS) crossed the predefined futility boundary. Top-line results from the study had been expected in 2017.
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