4SC AG (VSC) said it’s in talks with at least three potential pharma partners after patients in a mid-stage clinical trial of its liver cancer drug Resminostat combined with Bayer AG (BAYN)’s Nexavar survived for eight months.
“Bayer decidedly has an interest in liver cancer,” 4SC Chief Executive Officer Ulrich Dauer said in a telephone interview today. “It would be negligent not to talk to them,” Dauer said, without confirming 4SC is in negotiations with Bayer as a potential pharma partmers. Dauer did not name any other potential partners.
The biotechnology company, based in Martinsried, Germany, needs an investor to finance the last round of trials to produce the safety and efficacy data needed for U.S. regulatory approval. 4SC has about 20 million euros ($26 million) of cash at hand, and spends about 1.1 million euros to 1.2 million euros a month, Dauer said.
“We want to find a pharma partners who are interested in developing Resminostat broadly,” Dauer said.
4SC shares rose as much as 11 percent, the biggest intraday advance since May 31. The stock was up 4.7 percent at 1.53 euros as of 11:17 a.m. in Frankfurt trading.
The median overall survival of eight months in the mid- stage trial results announced today shows that adding Resminostat to liver patients’ drug regimes may add three months to their lives, Dauer said. Patients taking only Nexavar survived for 5.2 months in a separate, Bayer-run trial dubbed Sharp.
4SC plans to start late-stage trials by mid-2013.
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