News

Check out market updates

OnKure signs collaboration deal with Pfizer on melanoma treatment

BOULDER — OnKure Inc. has entered into a collaboration with pharmaceutical giant Pfizer Inc. (NYSE: PFE) for a skin cancer drug combination. In a statement Monday, the Boulder-based OnKure said it and Pfizer will work together to see through an OnKure-sponsored proof-of-concept study for its drug candidate OKI-179 in combination with Pfizer’s already-approved Mektovi drug. Mektovi was originally developed by the formerly Boulder-based Array Biopharma, which Pfizer acquired last year for $11 billion. OKI-179 is thought to treat skin cancers by inhibiting activity caused by a specific mutation in NRAS, a genetic marker that is susceptible to mutation into an aggressive cancer-producing cell. The U.S. National Institutes of Health estimates that 15% to 20% of all melanomas are caused by that specific genetic mutation. OnKure president and CEO Tony Piscopio said in a statement that if shown to be effective, the drug candidate could be effective in treating other types of cancer, such as small-cell lung cancer or certain types of breast cancer that grow when exposed to estrogen. “We believe, based on the exceptional tolerability profile of OKI-179, this agent has the potential to provide clinically-meaningful impact and confer a broad therapeutic index in combination with targeted therapeutics across additional tumor types,” Piscopio said. © 2020 BizWest Media LLC
Source: BizWest

Leave a Reply

Your email address will not be published. Required fields are marked *

X