Clavis Pharma - Poised for a LEAP forward
Oct 26th 2012 - Edison Investment Research today published a report on Clavis Pharma entitled "Poised For A LEAP Forward". In summary, the report says:
Q3 results show Clavis remains on track clinically and financially, as the key LEAP Q4 data announcement looms. The pivotal CP-4126 trial might allow a 2013 FDA submission by the global partner, Clovis. Commercially, Clavis is signalling that a successful LEAP outcome will cause it to trigger its EU co-marketing option, costing $20-25m, equalling the regulatory filing milestone. The important, but less crucial, elacytarabine data in refractory/relapsed AML is due Q113. Elacytarabine may be partnered in the US if successful and marketed directly in Europe.
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