Aveo, Astellas end pact to develop cancer drug tivozanib

[riky]

Aveo, Astellas end pact to develop cancer drug tivozanib

<p><a href="http://news.yahoo.com/aveo-astellas-end-pact-develop-cancer-drug-tivozanib-114215958--finance.html"><img src="http://l3.yimg.com/bt/api/res/1.2/Kwjya43EijDYZYweErVJzQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-02-14T114215Z_1_CBREA1D0WII00_RTROPTP_2_JAPAN.JPG" width="130" height="86" alt="Logo of Astellas Pharma Inc. is seen at the company's headquarters in Tokyo" align="left" title="Logo of Astellas Pharma Inc. is seen at the company's headquarters in Tokyo" border="0" /></a>(Reuters) - Aveo Oncology and Astellas Pharma Inc said they would end an agreement to develop Aveo's lead experimental drug that has seen a string of failures in multiple cancer indications. Aveo, which cut 62 percent of its workforce last year to focus on developing the drug, tivozanib, as a treatment for breast and colon cancers, said in December that the drug was not likely to succeed in a mid-stage trial testing its use in colon cancer. A mid-stage trial testing tivozanib as a treatment for breast cancer was stopped last month due to insufficient enrolments. Tivozanib was rejected by U.S. health regulators in June for use in kidney cancer, citing inconsistent study results.</p><br clear="all"/>

Source: You are not allowed to view links. Register or Login