Eli Lilly & Co. made a big bet on the RET inhibitor selpercatinib (LOXO-292) when it purchased Loxo Oncology Inc. for $8bn this year and then sold the remaining rights to Loxo's only approved drug, Vitrakvi (larotrectinib) to Bayer AG, but the investment appears poised to pay off with success in a second tumor type.
Lilly's Loxo Bet Pays Off In Thyroid Cancer, A Second Indication For Selpercatinib
The company reported positive Phase III response rate data weeks after strong results in lung cancer for the RET inhibitor also known as LOXO-292. An NDA submission is on track for later this year.
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