Exelixis (Nasdaq: EXEL) has announced the failure of the Phase III CONTACT-03 study of Cabometyx (cabozantinib), in kidney cancer.
The American firm, which is developing the product in collaboration with France’s Ipsen (Euronext: IPN), said it would present detailed results from the study at an upcoming medical meeting.
For now, the firm revealed simply that the study did not meet its primary endpoint of progression-free survival (PFS).
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