OPKO Licensee TESARO Announces Successful Achievement of Primary and All Secondary Endpoints in Third and Final Phase 3 Trial of Rolapitant

OPKO Health (Ireland)

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May 12, 2014 11:20am EDT

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Achieved Primary Endpoint of Complete Response (CR) in the Delayed

Period (24 to 120 Hours) Following Initiation of Chemotherapy

Achieved Key Secondary Endpoints of CR in the Acute and Overall

Periods

Achieved All Secondary Endpoints, Including No Significant Nausea

Adverse Event Profile Consistent with Earlier Clinical Trials

New Drug Application (NDA) Submission to U.S. FDA On Track for

Mid-2014

MIAMI--(BUSINESS WIRE)--

OPKO Health, Inc. (NYSE:OPK), reported that its licensee, TESARO, Inc.

(Nasdaq:TSRO), announced positive top-line results from the third and

final Phase 3 trial of rolapitant, an investigational neurokinin-1

(NK-1) receptor antagonist in development for the prevention of

chemotherapy-induced nausea and vomiting (CINV). The rolapitant arm in

this trial, which enrolled patients receiving cisplatin-based, highly

emetogenic chemotherapy (HEC), successfully achieved statistical

significance over the standard therapy arm for the primary and all

secondary endpoints. The adverse event profile for rolapitant remains

consistent with that seen in previous clinical studies.

The third Phase 3 study of rolapitant was an international, multicenter,

randomized, double-blind, active-controlled study that enrolled 532

cancer patients receiving cisplatin-based chemotherapy regimens at a

dose equal to or greater than 60 mg/m 2 . Patients were

randomized to receive either control, which consisted of a 5-HT 3

receptor antagonist plus dexamethasone, or 200 milligrams of oral

rolapitant plus control. The rolapitant arm in this study successfully

achieved statistical significance over the control arm for the primary

endpoint of complete response (CR) in the delayed phase of CINV. In

addition, the rolapitant arm also successfully achieved statistical

significance over the control arm for the key secondary endpoints of CR

in the acute (0 to 24 hour) and overall (0 to 120 hour) phases of CINV,

for the secondary endpoint of no significant nausea, and for all other

secondary endpoints.

Safety and tolerability data for patients who received rolapitant were

similar to the results for those who received control, and were

consistent with earlier clinical studies. The most frequently observed

adverse events were balanced across treatment arms and included fatigue,

constipation and loss of appetite.

TESARO continues preparations in support of a submission of a New Drug

Application (NDA) to the U.S. Food and Drug Administration (FDA) in

mid-2014. The oral rolapitant NDA will include data from one Phase 3

study in patients receiving moderately emetogenic chemotherapy (MEC), in

addition to one Phase 2 and two Phase 3 trials in patients receiving

cisplatin-based, highly emetogenic chemotherapy (HEC), including the

trial announced today. The top-line results of the Phase 3 trial in MEC

and the prior Phase 3 trial in HEC were previously announced by TESARO

in December 2013.

Rolapitant is an investigational agent and, as such, has not been

approved by the U.S. FDA or any regulatory agencies.

About Rolapitant

Rolapitant is a potent and selective neurokinin-1 (NK-1) receptor

antagonist with an extended plasma half-life that is being developed for

the prevention of chemotherapy-induced nausea and vomiting (CINV). NK-1

receptors are highly concentrated in the brain and bind the neurokinin

substance P. Activation of NK-1 receptors plays a central role in nausea

and vomiting induced by emetogenic stimuli, including certain cancer

chemotherapies. NK-1 receptor antagonists have been demonstrated to

improve the management of nausea and vomiting experienced by cancer

patients undergoing chemotherapy. The safety and tolerability of single

and repeat doses of rolapitant have been assessed in more than 2,500

healthy volunteers and patients. Rolapitant is being developed both in

oral and intravenous formulations. TESARO licensed exclusive rights for

the development, manufacture, commercialization and distribution of

rolapitant from OPKO.

About Chemotherapy-Induced Nausea and Vomiting (CINV)

CINV is estimated to afflict over 70% of cancer patients undergoing

chemotherapy and, if not prevented, may possibly result in a delay or

even discontinuation of chemotherapy treatment. Prolonged nausea and

vomiting may result in unwanted weight loss, dehydration and

malnutrition, as well as hospitalization.

About TESARO, Inc.

TESARO is an oncology-focused biopharmaceutical company dedicated to

improving the lives of cancer patients by acquiring, developing and

commercializing safer and more effective therapeutics.

About OPKO Health, Inc.

We are a multi-national biopharmaceutical and diagnostics company that

seeks to establish industry-leading positions in large and rapidly

growing medical markets by leveraging our discovery, development and

commercialization expertise and our novel and proprietary technologies.

This press release contains "forward-looking statements," as that

term is defined under the Private Securities Litigation Reform Act of

1995 (PSLRA), which statements may be identified by words such as

"expects," "plans," "projects," "will," "may," "anticipates,"

"believes," "should," "intends," "estimates," and other words of similar

meaning, including statements regarding expected benefits of rolapitant,

whether rolapitant will ever be successfully developed or

commercialized, the expected timing of an NDA, Tesaro’s ability to

market and sell rolapitant, as well as other non-historical statements

about our expectations, beliefs or intentions regarding our business,

technologies and products, financial condition, strategies or prospects.

Many factors could cause our actual activities or results to differ

materially from the activities and results anticipated in

forward-looking statements. These factors include those described in our

Annual Reports on Form 10-K filed and to be filed with the Securities

and Exchange Commission and in our other filings with the Securities and

Exchange Commission, as well as the risks inherent in funding,

developing and obtaining regulatory approvals of new,

commercially-viable and competitive products and treatments, that

earlier clinical results of effectiveness and safety may not be

reproducible or indicative of future results, that rolapitant and/or any

of our compounds or diagnostic products under development may fail, may

not achieve the expected results or effectiveness and may not generate

data that would support the approval or marketing of products for the

indications being studied or for other indications, that currently

available over-the-counter and prescription products, as well as

products under development by others, may prove to be as or more

effective than our products for the indications being studied. In

addition, forward-looking statements may also be adversely affected by

general market factors, competitive product development, product

availability, federal and state regulations and legislation, the

regulatory process for new products and indications, manufacturing

issues that may arise, patent positions and litigation, among other

factors. The forward-looking statements contained in this press release

speak only as of the date the statements were made, and we do not

undertake any obligation to update forward-looking statements. We intend

that all forward-looking statements be subject to the safe-harbor

provisions of the PSLRA.

OPKO Health, Inc.

Steven D. Rubin or Adam Logal, 305-575-4100

Source: OPKO Health, Inc.

Released May 12, 2014

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