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Tesaro slides as investors not impressed with data

  • Investors don't seem impressed with top-line data from two Phase 3 trials of Tesaro's (TSRO) NK-1 receptor antagonist rolapitant in chemotherapy-induced nausea and vomiting.
  • The studies met their primary endpoints of CR (no vomiting and no use of rescue medication) in the delayed phase.
  • However, neither trial hit statistical significance in the acute and overall phases (secondary endpoints).
  • The company says preparations are ongoing for an NDA submission in mid-2014. (PR)
  • TSRO -14% premarket.
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