Exelixis/Roche gets first regulatory approval of cobimetinib, in Switzerland
US drugmaker Exelixis (Nasdaq: EXEL) says that Swissmedic, the Swiss licensing and supervisory body, has approved cobimetinib for use in combination with vemurafenib as a treatment for patients with advanced melanoma.
Cobimetinib is a selective inhibitor of MEK that was discovered by Exelixis and is the subject of a worldwide collaboration agreement between Exelixis and Genentech, a subsidiary of Swiss pharma giant Roche (ROG: SIX). The trade name for cobimetinib in Switzerland is Cotellic. Exelixis’ shares rose more than 8% to $5.64 ahead of the announcement.
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