AbbVie antibody-drug conjugate flunks late-stage brain cancer study; shares down 2% premarket

|About: AbbVie Inc. (ABBV)|By:, SA News Editor

A Phase 3 clinical trial, INTELLANCE-1, evaluating AbbVie's (NYSE:ABBV) antibody-drug conjugate (ADC) depatuxizumab mafodotin (Depatux-M, previously named ABT-414) in patients with newly diagnosed EGFR-positive glioblastoma failed to demonstrate a survival benefit, the primary endpoint.

The study was investigating the potential treatment effect of Depatux-M when added to standard-of-care (SOC) therapy of radiation and temozolomide versus placebo + SOC.

Based on its analysis of the preliminary data, an independent Data Monitoring Committee has recommended the termination of the study. The company has stopped enrollment.

AbbVie in-licensed the ADC technology from Seattle Genetics (NASDAQ:SGEN).

Shares are down 2% premarket on light volume. SGEN is down a fraction.

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