Seattle Genetics Seeks Expanded Use of Lymphoma Drug on Study Win

SEATTLE (TheStreet) -- Seattle Genetics (SGEN) will seek to expand the approved use of its Hodgkin lymphoma drug Adcetris following positive results from a phase III study, the company announced Monday.

In the study (known as AETHERA), treatment with Adcetris in "high risk" Hodgkin lymphoma patients immediately after a stem-cell transplant led to a 43% reduction in the risk of disease progression compared to placebo. The result was statistically significant and met the primary endpoint of the study. The Hodgkin lymphoma patients enrolled in the study were deemed to be "high risk" because they had at least one factor that made them more susceptible to disease relapse. 

Despite delaying disease progression, treatment with Adcetris did not prolong survival compared to placebo in the phase III study at this analysis, which the company blames partly on placebo patients "crossing over"  to receive Adcetris once their disease progressed. Another survival analysis of the study will be conducted in 2016.

Adcetris' safety profile was "generally consistent" with previous studies, the company said. No further details were disclosed, pending presentation of the results at a future medical meeting.

Adcetris is already approved to treat more advanced Hodgkin patients who don't respond to a stem cell transplant or who are not eligible for stem cell transplants. Seattle Genetics plans to submit the results from the AETHERA trial to the FDA, seeking approval to expand the drug's use.

Seattle Genetics estimates there are about 1,000 to 1,500 post-transplant Hodgkin lymphoma patients. This represents a modest increase in the number of patients eligible for Adcetris and not as significant a commercial opportunity as treating newly diagnosed Hodgkin lymphoma patients. Studies investigating Adcetris' role in front-line Hodgkin are underway but not yet completed.

Seattle Genetics shares are up 4% to $43 in Monday pre-market trading.

Adam Feuerstein writes regularly for TheStreet. In keeping with company editorial policy, he doesn't own or short individual stocks, although he owns stock in TheStreet. He also doesn't invest in hedge funds or other private investment partnerships. Feuerstein appreciates your feedback; click here to send him an email.

More from Stocks

Tech Stocks Have You Baffled? Educate Yourself in Some Portfolio Diversification

Tech Stocks Have You Baffled? Educate Yourself in Some Portfolio Diversification

Alphabet Shares Rise on Earnings, Revenue Beat But Some Concerns Remain

Alphabet Shares Rise on Earnings, Revenue Beat But Some Concerns Remain

Semiconductor Stocks Get Smashed Again as Earnings Weakness Continues
Dow and Nasdaq Finish Lower as 10-Year Treasury Yield Hovers Near 3%

Dow and Nasdaq Finish Lower as 10-Year Treasury Yield Hovers Near 3%

Video: Jim Cramer on Trade Tariffs, Rising Rates, Kimberly Clark and Hasbro

Video: Jim Cramer on Trade Tariffs, Rising Rates, Kimberly Clark and Hasbro