http://www.reuters.com/
Takeda, Amgen to suspend trials of cancer drug
Wed Nov 19, 2008 8:38pm EST
TOKYO, Nov 20 (Reuters) - Japan's Takeda Pharmaceutical Co (4502.T:
Quote, Profile, Research, Stock Buzz) and U.S. biotech firm Amgen Inc
(AMGN.O: Quote, Profile, Research, Stock Buzz) said they would suspend
enrolment in the last-stage trials of a key cancer drug candidate
following negative study results.
Takeda, Japan's largest drugmaker, and Amgen will decide whether to resume
or terminate the development of the drug, montesanib, after they complete
reviewing data by an unspecified time, a Takeda spokeswoman said on
Thursday.
The suspension was recommended by an independent study panel because of
higher early mortality rates in patients using montesanib compared to
those on the placebo in the tests, Takeda said in a joint statement with
Amgen.
Montesanib is in Phase III trials as a first-line treatment of advanced
non-small cell lung cancer.
Takeda, whose mainstay diabetes and ulcer drugs will lose their patent
protection soon, has been moving to beef up its cancer drug business
operations.
Shares of Takeda fell