Celator shares surge as Phase III results for Vyxeos show improved survival rates in acute myeloid leukemia
Shares in biopharma company Celator Pharmaceuticals (Nasdaq: CPXX) soared by more than 400% on Tuesday after announcing improved survival rates in a Phase III trial for Vyxeos, a drug treating acute myeloid leukemia (AML).
The company, based in the USA and Canada, is now planning to submit a New Drug Application for Vyxeos with the US Food and Drug Administration later this year, and to submit a Marketing Authorization Application with the European Medicines Agency in early 2017.
A medium survival period of 9.56 months was recorded for patients in the trial treated with Vyxeos, compared to 5.95 months for patients who received the standard treatment of cytarabine and daunorubicin known as 7+3.
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