Acceleron +3% on positive Phase III Luspatercept data

Jun. 28, 2018 4:56 PM ETCelgene Corporation (CELG) StockBy: Brandy Betz, SA News Editor11 Comments
  • Celgene (NASDAQ:CELG) and Acceleron (XLRN) announce that Luspatercept achieved primary and key secondary endpoints in Phase III MEDALIST study for low-to-intermediate-risk myelodysplastic syndromes.
  • Primary endpoint was red blood cell transfusion independence of at least 8 consecutive weeks during the first 24 weeks compared to placebo. 
  • Secondary endpoints: Improvement in RBC transfusion independence of at least 12 consecutive weeks during the first 24 was the key endpoint. Modified hematologic improvement-erythroid was a meaningful secondary endpoint. 
  • Data from the trial will be submitted to a “future medical meeting in 2018.”
  • The companies plan to submit regulatory applications in the US and Europe in 1H19.   
  • Celgene shares are up 0.7% aftermarket to $77.17. 
  • Acceleron Pharma shares are up 3% to $34.99.   

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