Daiichi Sankyo Co., Ltd. (DSKYF) - OTCPK - Current
  • Sep. 30, 2013, 2:46 PM
    • As expected, ArQule (ARQL -7.4%) presented MARQUEE data over the weekend at ECC and thanks (at least in part) to RBC's Adnan Butt and Reuters, investors had high hopes that new information would lead to a second chance for tivantinib in NSCLC. (see original Reuters article)
    • Judging by today's market reaction, investors were underwhelmed (or just taking profits after Friday's rally).
    • MARQUEE was halted last fall after it became apparent that the study was unlikely to meet the OS primary endpoint.
    • However, the data presented over the weekend appears to show a PFS benefit (secondary endpoint): "In the ITT population of 1048 patients ... median PFS was 3.6 months in the treatment arm versus 1.9 months in the control arm."
    • Hazard ratio was 0.74 compared to 0.98 for OS. (PR)
    | Sep. 30, 2013, 2:46 PM
  • Sep. 27, 2013, 1:14 PM
    • Today's rally in shares of ArQule (ARQL +9.7%) is likely attributable to RBC's Adnan Butt, who Reuters quotes as saying that an upcoming presentation at ESMO could mean another shot for tivantinib in lung cancer.
    • The drug was effectively left for dead (at least as far as NSCLC goes) last October when ARQL and partner Daiichi Sankyo (DSKYF.PK) dropped a Phase 3 trial due to lack of efficacy.
    • New data from that trial "could validate the mechanism of action for the drug and potentially allow a path forward in lung cancer as well," Butt says.
    | Sep. 27, 2013, 1:14 PM
Company Description
Founded on September 28, 2005 through the merger of Daiichi Pharmaceutical and Sankyo, Daiichi Sankyo delivers innovative products that enhance the lives of millions of people around the world. Our recent successes include the antihypertensive agent olmesartan (Olmetec), launched in 2002 by... More
Sector: Financial
Industry: Diversified Investments
Country: Japan