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Pin to quick picksAstrazeneca Share News (AZN)

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AstraZeneca steps up push into cancer immunotherapy

Thu, 31st Jul 2014 12:51

By Ben Hirschler

LONDON, July 31 (Reuters) - AstraZeneca isaccelerating its push into cancer immunotherapy, with plans totest a key experimental drug in new tumour types.

The company is seen as No. 4 in a race to develop the firstdrug in a new class that fights cancer by unleashing the body'simmune system, behind rivals Roche, Merck & Co and Bristol-Myers Squibb.

But its MEDI4736 medicine is still viewed as a highlypromising agent, both on its own and in combination with othertreatments.

AstraZeneca said on Thursday it would launch a pivotalclinical trial programme with MEDI4736 in head and neck cancerthis year, in addition to ongoing tests in lung cancer, and wasalso looking at expanding tests into other cancer types.

"There is the potential we would announce an additionaltumour type beyond head and neck and non-small cell lung cancerby the end of this year," head of medicines development BriggsMorrison told analysts in a post-results conference call.

MEDI4736 is part of a closely watched class of drugs knownas anti-PD-L1 therapies, which block a tumour's ability to evadethe immune system's defences.

AstraZeneca said it would present further data looking atMEDI4736 in lung cancer, as well as early results for head andneck cancer, in September at the annual meeting of the EuropeanSociety for Medical Oncology.

Analysts said the decision to study MEDI4736 in head andneck cancer made sense, given encouraging results with a similarMerck drug for the condition reported in June.

The commercial promise of MEDI4736 was flagged byAstraZeneca during its recent $118 billion takeover battle withPfizer, when it argued that the drug - used on its ownand in combination with other therapies - could potentiallygenerate annual sales of $6.5 billion.

In recent years, the British drugmaker has become best knownfor its cholesterol drug Crestor and its ulcer and heartburnpill Nexium. But it has a long history in oncology, havingbroken new ground decades ago in developing tamoxifen and otherhormonal therapies. It also produced one of the first "targeted"cancer drugs, Iressa.

AstraZeneca earlier raised its sales and earnings forecastsfor 2014 after second-quarter sales and earnings both beatexpectations, helped by several one-off factors. (Editing by David Holmes)

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UK earnings, trading statements calendar - next 7 days

Friday 2 February 
YouGov PLCTrading Statement
Monday 5 February 
Home REIT PLCTrading Statement
Porvair PLCFull Year Results
Trident Royalties PLCTrading Statement
Vodafone Group PLCTrading Statement
Tuesday 6 February 
Alumasc Group PLCHalf Year Results
BP PLCFull Year Results
Filtronic PLCHalf Year Results
Mattioli Woods PLCHalf Year Results
Renishaw PLCHalf Year Results
Virgin Money UK PLCTrading Statement
Wednesday 7 February 
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HydrogenOne Capital Growth PLCTrading Statement
Phoenix Spree Deutschland LtdTrading Statement
PZ Cussons PLCHalf Year Results
Smurfit Kappa Group PLCFull Year Results
UK Commercial Property REIT LtdTrading Statement
Thursday 8 February 
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SSE PLCTrading Statement
Unilever PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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TOP NEWS: AstraZeneca, Daiichi's Enhertu granted priority review in US

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