Bayer has recently filed an NDA for Nexavar for advanced primary liver cancer in the U.S. What are the differences between PI-88 and Nexavar?
CEO Justus Homburg:
PI-88 and Nexavar are both being developed for primary liver cancer, but for different segments of the patient population. Onyx and Bayer have released survival data from the Phase 3 SHARP study detailing Nexavar’s utility for patients with advanced primary liver cancer that are not candidates for surgery and Progen is developing PI-88 as an additional treatment to resection amongst liver cancer patients who are amenable to surgery. Both are angiogenesis inhibitors, but they work very differently (different mode of action) and may therefore have the potential to be used in combination or sequentially for the treatment of, amongst others, primary liver cancer patients who have had surgery or are no longer candidates for tumour resection. Both drugs function in broad terms as angiogenesis inhibitors and so we view the recent Nexavar data and NDA as a powerful validation for the development of PI-88 in this broad indication.
PGL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held