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Array BioPharma's CEO Presents At Morgan Stanley Healthcare Conference - Transcript

Stocks in this article: ARRY

Our other HemOnc program, 520 for multiple myeloma is very active as a single agent in heavily [protrude] patients about 20% response rate and over 8 months duration. And we are now studying in combination with dex carfilzomib and bortezomib. So, we look forward to that.

Partnering, we just (inaudible) about our data in our pain program 797at our primary end points and we are looking to partner that product and to maximize value, we asthma program that we reads out Phase 2 beginning actually May of next year at ATS and another potentially valuable partnerable product.

On our partnered portfolio we have 10 partnerships I'm not going to go through them all, but perhaps the most important to us is selumetinib partnered with AstraZeneca the MEK inhibitor that showed remarkable results in KRAS mutant lung cancer. At ASCO this year we expect AstraZeneca to continue the development of that product and look forward to them announcing their fore development plan in the near future. Novartis, actually the economics on the Novartis collaboration are substantially higher, so AstraZeneca made about double-digits upon success. Novartis has significantly higher royalties and that's what MEK162 which showed remarkable results NRAS mutant melanoma at ASCO and we expect them to move forward. We continue to very aggressively develop the product.

So, between the two internal program, the MEK inhibitors and danoprevir which Roche has indicated is a Phase 3 decision for the next year. We have five programs that maybe moving towards commercialization in the very near future.

Read the rest of this transcript for free on seekingalpha.com

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