Array shows off the positive BEACON CRC data that helped spur Pfizer's $11.4B buyout offer
Investigators took center stage at a scientific conference today to tout the positive data from the BEACON CRC trial of Array’s BRAF/MEK triplet for drug resistant colon cancer that played a key role in attracting Pfizer’s $11.4 billion buyout bid.
The FDA had already stamped its breakthrough designation on the triple therapy of (Braftovi) encorafenib in combination with (Mektovi) binimetinib and cetuximab before Pfizer execs were provided a glimpse of the top-line results in May — whetting their appetite for the acquisition during the final days of their negotiations. That’s when they learned that the triplet scored a median overall survival rate of 9 months among drug resistant patients with BRAF V600E-mutated cases of colorectal cancer compared to 5.4 months for the standard of care.
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