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SELLAS Life Sciences shares pop after presenting treatment on breast cancer

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Shares of SELLAS Life Sciences Group Inc (NASDAQ:SLS) jumped on Monday after presenting final, promising data from a Phase 2b study to treat triple negative breast cancer (TNBC), one of the fastest growing and aggressive of all cancers, at an annual European oncology conference in Germany.

The trial examined the combination of nelipepimut-S (NeuVax, NPS) and trastuzumab (Herceptin) in a randomized, single-blinded study which showed there is a 75.2% reduction in the risk of relapse or death using the combined medication, it said at the annual meeting of the European Society for Medical Oncology (ESMO) in Munich, Germany. 

The final data at 26 months showed improvements in the clinical benefit for patients compared with the interim data at 19 months, the company said.

“These data presented at ESMO today highlight the therapeutic potential of NPS for patients with early-stage triple negative breast cancer (TNBC), who currently face limited and ineffective treatment options in the adjuvant setting,” said Dr Angelos Stergiou, the president and CEO of SELLAS.

Shares of SELLAS soared by 30.8% to $2.04 in Monday’s pre-market, having closed on Friday 13.3% lower at $1.56.

READ: Shares of SELLAS Life Sciences soar on imminent clinical trial update on combination breast cancer therapy

“The combination of NPS and trastuzumab demonstrated a clinically meaningful and statistically significant difference in the cohort of patients with TNBC with a 75.2% reduction in risk of relapse or death at 26 months.  Importantly, following review of the final data that were also assessed by the independent Data Safety Monitoring Board (DSMB) on October 15, 2018, there was an incremental further improvement of clinical benefit to patients now observed in comparison with the data from the interim analysis completed more than six months ago,” he said.

Partnering discussions are going forward for the company while SELLAS awaits guidance on its next steps from the US Food and Drug Administration in December 2018.

“We look forward to continuing our discussions with US and European regulatory agencies on the most optimal and expeditious development path for NPS in TNBC,” Stergiou said.

SELLAS is a clinical-stage biopharmaceutical company focused on novel cancer immunotherapeutics for a broad range of cancer indications.

The company is based in New York City.

Reporting by Rene Pastor, contactable on [email protected]

Story by ProactiveInvestors


Source: https://www.proactiveinvestors.com/companies/news/207578/sellas-life-sciences-shares-pop-after-presenting-treatment-on-breast-cancer-207578.html


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