Pfizer cuts five cancer programs; George Church engages Cellectis' TALEN tech to create virus-resistant human cells
→ Pfizer $PFE has cut five of its oncology programs, according to the pharma giant’s pipeline update. The axed programs include a handful of preclinical trials, and a couple of better known late-stage ones. As expected, Pfizer shut down the Phase III trial of its VEGF inhibitor Inlyta, which flopped earlier this month when investigators flagged a dead end on outcomes. The pharma giant also cut another program for its cancer drug Xtandi, which was acquired through the $14B acquisition of Medivation in 2016. Pfizer has tried to expand the market for the drug since first bagging it, but the trials have been hit or miss so far. The company outlined positive Phase III prostate cancer data in September, but discontinued a breast cancer program months earlier. Now, Pfizer is axing Xtandi’s Phase II program in liver cancer.
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