Roche shares fall sharply on disappointing Ph III MARIANNE study
Swiss pharma major Roche (ROG: SIX) saw its shares plunge 6.4% to 270.40 Swiss francs on Friday following release of disappointing Phase III trial results with its new cancer treatment Kadcyla (ado-trastuzumab emtansine), intended to be a successor to its blockbuster Herceptin (trastuzumab), which is beginning to face biosimilars competition.
Roche subsidiary Genentech released top-line results of the Phase III MARIANNE study, which evaluated three HER2-targeted regimens - Kadcylaplus Perjeta(pertuzumab, also from Roche), Kadcyla alone, and Herceptin(trastuzumab) plus taxane chemotherapy – in people with previously untreated (first-line) advanced HER2-positive breast cancer.
Study did not meet PFS superiority endpoint for Kadcyla-containing regimens
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