Eli Lilly shares slide premarket on news of failed trial for sarcoma treatment [MarketWatch]
Eli Lilly and Company (LLY)
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Source: MarketWatch
Eli Lilly shares slide premarket on news of failed trial for sarcoma treatment Eli Lilly and Co. shares LLY, +2.02% fell as much as 5% in premarket trde Friday before paring those losses, after the company said a late-stage trial of a treatment for sarcoma failed to meet its main goals. The phase 3 trial of Lartruvo in combination with doxorubicin in patients with advanced or metastatic soft tissue sarcoma (STS) did not meet its primary endpoint of overall survival. It had previously shown an overall survival benefit in a 133-patient phase 2 trial which led to accelerated approval by the U.S. Food and Drug Administration and the European Medicines Agency. The company "was surprised and disappointed that LARTRUVO did not improve survival for patients with advanced soft tissue sarcoma in this study," said Anne White, president, Lilly Oncology, in a statement. The company is in talks with global regulators to determine its next steps. In the meantime, it expects to book a charge of $7
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LLY
Earnings
- 2/6/24 - Miss
LLY
Sec Filings
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- LLY's page on the SEC website