Exelixis Basks In The Cabosun

| About: Exelixis, Inc. (EXEL)

Exelixis (NASDAQ:EXEL) revealed the detailed results of its previously top-lined Cabosun trial of Cabometyx in front-line renal cell carcinoma (RCC) at Esmo earlier today and they look good enough to prompt a change in the standard of care. Exelixis’ stock price was initially up 5% this morning as investors digested the news.

The results could help Cabometyx pull ahead of Bristol-Myers Squibb’s (NYSE:BMY) immune checkpoint inhibitor Opdivo and Eisai’s (OTCPK:ESALY) Lenvima, which are approved in the second-line setting. Exelixis and its ex-US marketing partner Ipsen intend to file for approval in first-line disease based on the Cabosun results – Cabometyx is currently used in patients with advanced RCC who have received prior anti-angiogenic therapy. This could have a knock-on effect on currently ongoing registration studies in first-line RCC (see table below).

Moment in the Cabosun

The Cabosun study showed a statistically and clinically significant 2.6 month improvement in median progression free survival (PFS) relative to Pfizer’s (NYSE:PFE) Sutent in intermediate and poor prognosis patients. This benefit translated into a hazard ratio (HR) of 0.69, equivalent to a 31% improvement in the relative risk of progression or death. The study also showed a large increase in objective response rate and a trend towards improved overall survival.

Cabosun’s principal investigator, Dana Farber Cancer Institute’s Dr Toni Choueiri, reported that the PFS benefit was independent of risk group and the presence or absence of bone metastases. The study recruited only intermediate and poor risk patients and, as a result, had a higher proportion, some 36%, of patients with bone metastases than most comparable studies run in the first-line setting. The results for the control arm were also consistent with a published retrospective analysis of more than 1,000 patients showing the same median PFS of 5.6 months for Sutent.

Cabosun trial results

Cabometyx

Sutent

Statistics

mPFS (months)

8.2 (6.2-9.0)

5.6 (3.4-8.1)

HR=0.69 (0.48-0.99), p=0.012

ORR

46% (34-57%)

18% (10-28%)

N/A

mOS (months)

30.3 (14.6-35.6)

21.8 (16.3-27.0)

HR=0.80 (0.50-1.26)

95% confidence intervals shown in parentheses

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Click to enlarge

Although Cabosun was a relatively small phase II study in 157 patients, Dr Choueiri considers the data to be sufficiently robust to justify Cabometyx’s use in the specifically studied population of intermediate or poor risk RCC. Cabometyx is likely to receive an NCCN Compendia listing ahead of expanded approval.

Currently there are six ongoing phase III trials in first-line RCC, five of which include Sutent as the control and one in which it remains the backbone of therapy. Of course, if any of these studies are positive, they would introduce new competition.

Ongoing Phase III trials in first line RCC

Company

Product

Study

Design

Trial ID

Data

Argos

rocapuldencel-T

Adapt

Sutent +/-

NCT01582672

Apr 17

Pfizer/Merck KGaA

Avelumab + Inlyta

Javelin Renal 101

vs Sutent

NCT02684006

Jun 18

Bristol-Myers Squibb

Opdivo + Yervoy

CheckMate 214

vs Sutent

NCT02231749

Jun 19

Eisai

Lenvima/Afinitor or Lenvima/Keytuda

-

vs Sutent

NCT02811861

Oct 19

Merck & Co

Keytruda

Keynote-426

vs Sutent

NCT02853331

Dec 19

Roche

Tecentriq + Avastin

Immotion151

vs Sutent

NCT02420821

Jun 20

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Click to enlarge

Sutent may move up too

Another factor in that transition might be the possible movement of Sutent to earlier use in the adjuvant setting. This has been studied in the phase III S-Trac study, data for which also emerged at Esmo on Monday. Pfizer previously reported positive top-line results from S-Trac in July.

In the S-Trac study, patients with high-risk, clear cell RCC were treated for one year with Sutent or placebo immediately following nephrectory, and the outcome measured in terms of disease free survival. The primary endpoint was met, with a 1.2 year increase in median disease-free survival (6.8 vs 5.6 years with placebo). This benefit translated into a hazard ratio of 0.761, equivalent to a 24% improvement in relative risk and a p value of 0.03. The benefit was greater for higher-risk patients only, where there was a 2.2 year increase (6.2 vs 4.0 years) and a hazard ratio of 0.737.

However, despite coming from a large study, these data are likely to remain controversial as a previous study with a similar design, Assure, showed no difference in disease free survival or OS for Sutent in adjuvant RCC. Thus, the outcome of any future meta-analysis of the two studies could determine whether the change takes place.

And one other agent is being studied in the adjuvant setting: Inlyta, in the Atlas trial, which could render data next year.

The RCC therapy landscape already looks set for important changes with the Cabosun data – and there could be more to follow.

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