Tuesday, September 11, 2012

Targeted failure of the week. Post No 17

The idea behind Imetelstat is following:
Telomeres and telomerase play essential roles in the regulation of the lifespan of human cells. While normal human somatic cells do not or only transiently express telomerase and therefore shorten their telomeres with each cell division, most human cancer cells typically express high levels of telomerase and show unlimited cell proliferation. High telomerase expression allows cells to proliferate and expand long-term and therefore supports tumor growth. Owing to the high expression and its role, telomerase has become an attractive diagnostic and therapeutic cancer target.
Geron Corp. fell $1.62 (56%) to $1.28 on Monday after discontinuing a Phase II trial of imetelstat following interim data that showed significantly shorter median progression-free survival in patients receiving imetelstat plus paclitaxel vs. paclitaxel alone (6.2 vs. 8 months, p=0.028). Geron attributed the data to lower doses of paclitaxel given to patients in the imetelstat/paclitaxel arm as a result of hematologic toxicity associated with the combination. The company estimated that imetelstat patients received about 85% of the amount of paclitaxel that control patients received.
Geron also said an interim analysis of a Phase II trial in non-small cell lung cancer patients who completed platinum-based chemotherapy showed that maintenance therapy with imetelstat improved median PFS vs. observation alone, but the difference was not significant (2.8 vs. 2.6 months). The company said it is unlikely that it will continue development of the telomerase inhibitor in breast cancer or NSCLC. Imetelstat is also in Phase II trials in essential thrombocythemia (ET) and multiple myeloma (MM), with top-line data expected next quarter.
Well, we are really sorry. Or are not? Who will fail next?

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