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Iovance Shares Jump After Lifileucel Achieves 86% Response Rate In Melanoma Trial

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Iovance Shares Jump After Lifileucel Achieves 86% Response Rate In Melanoma Trial
  • Yesterday the FDA asked Iovance Biotherapeutics Inc (NASDAQ: IOVA) for more data on the assays for lifileucel US application. Now the company announced additional clinical data for lifileucel alone and in combination with pembrolizumab in advanced melanoma.
  • Data will be presented at the upcoming ASCO 2021 Annual Meeting.
  • The company said it is reporting for the first time, results for lifileucel as an earlier treatment in combination with Merck & Co Inc's (NYSE: MRK) Pembrolizumab (Keytruda), demonstrating an overall response rate (ORR) of 86% in patients who are naïve to anti-PD-1 therapy.
  • One patient achieved complete response (CR), and 5 Partial Responses (PR) were reported.
  • The longest duration of response was 16.8 months.
  • New data in the ASCO abstract suggest that Duration of Response was positively associated with shorter cumulative duration of prior anti-PD-1 therapy. In responders, the median cumulative duration and median prior lines of anti-PD-1 therapy were 4.4 months and 1.5 lines.
  • Additional data updates will be provided at ASCO 2021 Meeting.
  • Price Action: IOVA shares gained 17.4% at 19.17 during the market session on the last check Thursday.
 

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