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Clovis off premarket after report on CO-1686

Nov. 19, 2014 9:21 AM ETClovis Oncology, Inc. (CLVSQ) StockBy: Douglas W. House, SA News Editor
  • Clovis Oncology (NASDAQ:CLVS) dips 7% premarket on modest volume. Investors appear unimpressed with Phase 2 results for CO-1686 (rociletinib), the company's mutant-selective EGFR inhibitor for the treatment of non-small cell lung cancer (NSCLC) in patients with initial activating EGFR mutations including the primary resistance mutation T790M.
  • The objective response rate (ORR) in 27 evaluable T790M-positive patients receiving either 625 mg or 500 mg rociletinib twice daily was 67%. The ORR was comparable across the two dose groups. The disease control rate was 89% and also comparable across the dose groups. Median progression-free survival (PFS) was 10.4 months.
  • The ORR in 11 evaluable T790M-negative patients treated with the same two doses was 36%. Median PFS was 7.5 months.
  • The company's clinical development of CO-1686 is ongoing, with patient recruitment underway in several new studies.

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Clovis Oncology, Inc.