EQRx ideals all but abandoned amid reset

9 May 2023

US drugmaker EQRx (Nasdaq: EQRX) had already signalled a shift away from its foundational principle to develop and deliver innovative medicines to patients at radically lower prices.

But the company has now shown the extent of the shift by talking of plans to reset its business, a move that will involve a new focus on high-value medicines.

"As part of this business reset, we plan to remove programs from our existing portfolio that are inconsistent with this new vision"There will be a prioritization of the development of lerociclib. A Phase III trial of the CDK 4/6 inhibitor in first-line advanced endometrial cancer has been started, while enrollment in a Phase II study in first- and second-line advanced breast cancer is nearing completion, providing what the company sees as a foundation for future combination development opportunities.

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