Array's Binimetinib meets primary endpoint in Phase III trials

17 December 2015

Shares in US company Array Biopharma (Nasdaq: ARRY) rose by nearly a third after it was announced the company’s cancer drug binimetinib was successful in Phase III trials.

The study, known as the NEMO trial, met its primary endpoint of improving progression-free survival in patients with advanced NRAS-mutant melanoma, compared with dacarbazine treatment.

Shares rose 32% to $5.06 on the news.

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