Plus, news about OnKure:
Deciphera’s other bidder:
Before its acquisition by Ono Pharmaceutical, Deciphera had one other bidder that offered $19.00 per share, according to a new
SEC filing
. In total, Deciphera reached out to 23 companies to gauge buyout interest. Ultimately, Deciphera was
acquired
by Ono for $25.60 per share in April.
— Max Gelman
Bristol Myers Squibb reports lung cancer failure:
The
Phase 3 trial
was testing Opdivo plus chemo, followed by either Opdivo and Yervoy or Opdivo alone, against chemo followed by AstraZeneca’s Imfinzi in previously untreated patients with stage 3 non-small cell lung cancer whose tumors can’t be surgically removed. The primary endpoint, which was not achieved, was progression-free survival.
— Max Gelman