Wednesday, October 26, 2011

Bayer cancer drug does well in trial, Onyx stands to reap royalty

Two weeks after settling a lawsuit with Onyx Pharmaceuticals Inc., Bayer HealthCare Pharmaceuticals and Onyx said Wednesday that a late-stage trial of the cancer drug at the center of the suit met its main goal.
Details of the results of the 760-patient study of Bayer’s regorafenib in metastatic colorectal cancer were thin, but South San Francisco-based Onyx (NASDAQ: ONXX) will receive a 20 percent royalty on potential sales.

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