EQRx No Longer Seeks To Disrupt Prices In Non-Small Cell Lung Cancer Space [Forbes]
EQRx, Inc. (EQRX)
Company Research
Source: Forbes
Alexis Borisy and Melanie Nallicheri pose for a picture inside their office in Cambridge, MA on Jan.... [+]9, 2020. EQRx, a Cambridge startup that debuted in early 2020 pledged something seldom heard from drug makers: dramatically lower prices. However, they've abandoned that plan for now, at least in the non-small cell lung cancer space (Photo by Jessica Rinaldi/The Boston Globe via Getty Images)The biotechnology company EQRx no longer seeks to disrupt prices in the non-small cell lung cancer space. The company had been developing sugemalimab – a PD-(L)1, checkpoint inhibitor – to compete with other drugs in the therapeutic class. But, due to regulatory hurdles and a change in company strategy, EQRx says it is suspending the sugemalimab program. And, for its other products in development it will pursue “market-based pricing” to “maximize shareholder value.”This is disappointing news for those who had hoped for lower prices in a therapeutic category that, for the most part, has been s
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