Teva and OncoGenex update on prostate cancer drug development; loss widens at latter

12 March 2012

Israel-based Teva Pharmaceutical Industries (Nasdaq: TEVA) and US/Canadian partner OncoGenex Pharmaceuticals (Nasdaq: OGXI) say they have updated their development program for custirsen, a product candidate being evaluated in Phase III studies for castrate-resistant prostate cancer (CRPC).

In a revised agreement between the two companies, the clinical trial program will now include the initiation of a Phase III study to evaluate if custirsen has the potential to improve survival rates for prostate cancer patients when combined with the recently-approved, second-line chemotherapy drug Jevtana (cabazitaxel, from Sanofi).

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