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.
Data presented at the European Society for Medical Oncology (ESMO) Congress on 29 September in Barcelona showed high response rates in different groups of thyroid cancer patients with abnormalities in the rearranged during transfection (RET) kinase, which will support a new drug application (NDA) filing with the US Food and Drug Administration for one of these populations before the end of 2019
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