Peregrine's partnership prospects, stock soar after bavituximab doubles overall survival in NSCLC

Peregrine Pharmaceuticals' stock price soared 46.6% on 7 September after the company announced that bavituximab plus the chemotherapy standard docetaxel doubled median overall survival (OS) compared to docetaxel alone, according to the interim analysis of an ongoing Phase IIb clinical trial in refractory non-small cell lung cancer (NSCLC).

Peregrine Pharmaceuticals' stock price soared 46.6% on 7 September after the company announced that bavituximab plus the chemotherapy standard docetaxel doubled median overall survival (OS) compared to docetaxel alone, according to the interim analysis of an ongoing Phase IIb clinical trial in refractory non-small cell lung cancer (NSCLC).

Tustin, California-based Peregrine reported median OS of 11.1 months for 40 patients treated with 1mg/kg doses of bavituximab and 13.1...

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