Array surges on with compelling colon cancer results
Shares in Array Biopharma closed up 23% on Tuesday and have now almost doubled in the year-to-date.
The reason for the latest jump was the Colorado-based company presenting positive results from the interim analysis of the Phase III BEACON CRC trial.
"I believe the results of the trial will be practice-changing"This study is evaluating the combination of Braftovi (encorafenib), a BRAF inhibitor, Mektovi (binimetinib), a MEK inhibitor, and the Merck KGaA (MRK: DE) and Eli Lilly (NYSE: LLY) drug Erbitux (cetuximab), in BRAFV600E-mutant metastatic colorectal cancer (mCRC), following one or two prior lines of therapy.
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