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Dark Day At Idera As Tilsotolimod Fails To ILLUMINATE In Melanoma Study

Prospects Look Bleak

 
• By Kevin Grogan

The company's TLR-9 agonist has shown little to no benefit over BMS's Yervoy in patients with anti-PD-1 refractory advanced melanoma in a Phase III trial and Idera's stock has nosedived.

gloomy
Path ahead looks gloomy for tilsotolimod • Source: Shutterstock

Shares in Idera Pharmaceuticals, Inc. have taken a bashing after a late-stage trial showed that adding its investigational Toll-like receptor (TLR) 9 agonist tilsotolimod to Bristol Myers Squibb Company's CTLA-4 blocker Yervoy failed to improve outcomes in melanoma patients.

Idera's stock was trading down 65% after the markets closed on 18 March after results from the Phase III ILLUMINATE-301...

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