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Array Expects To Have Phase III MEK Inhibitor All To Itself, Without Partner Novartis

 
• By Emily Hayes

Following Novartis’ oncology deal with GSK, which included another MEK inhibitor, Array anticipates getting the asset back for itself. Novartis would be obliged to continue supporting Phase III studies, Array says, as part of a pipeline update in second-quarter earnings call.

Array BioPharma Inc. is gearing up to get the Phase III MEK inhibitor binimetinib all to itself, following development partner Novartis AG’s acquisition of a competing drug in the same class through a broader deal this spring with GlaxoSmithKline PLC.

One of Array’s two Phase III assets, binimetinib, was partnered with Novartis in a co-development and commercialization deal in 2010 [See Deal] worth $45 million upfront plus another...

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