22 Jan 2024: Gilead’s Trodelvy fails to extend survival in lung cancer study, prompting selloff
Gilead faces a setback as its phase 3 trial for Trodelvy in metastatic non-small cell lung cancer (NSCLC), fails to significantly extend patient lives compared to chemotherapy
Despite the trial’s failure to meet the primary endpoint, Gilead expresses continued confidence in Trodelvy’s potential based on the overall data
Gilead shares tumble about 10% after the trial flop
Competition, particularly from Enhertu in the HER2-low breast cancer category, poses a challenge to Trodelvy’s market share, emphasizing the importance of expanding its use in NSCLC