logo
Share SHARE
FONT-SIZE Plus   Neg

Navidea Reveals Positive Data From Lymphoseek Study; Stock Up - Update

Navidea Biopharmaceuticals, Inc (NAVB), Thursday revealed positive top-line results from an interim analysis of its Phase 3 clinical trial of Lymphoseek Injection in patients with head and neck squamous cell carcinoma.

The interim analysis of its Phase 3 trial, NEO3-06, showed that Lymphoseek met the primary efficacy endpoint of accurately identifying sentinel lymph nodes in subjects with squamous cell carcinoma of the head or in the mouth, compared to the removal of all lymph nodes during multiple level nodal dissection surgery of the head and neck.

Lymphoseek is a novel, receptor-targeted, small-molecule radiopharmaceutical used in lymphatic mapping procedures that are performed to help in the diagnostic evaluation of potential cancer spread for patients with breast cancer and melanoma. Lymphoseek was approved by the U.S. Food and Drug Administration in March for use in lymphatic mapping to assist in the localization of lymph nodes draining a primary tumor in patients with breast cancer or melanoma.

The NEO3-06 trial is part of Navidea's strategy to expand Lymphoseek utilization into multiple cancer types and assist in improving the accuracy and extent of cancer diagnosis. The primary endpoint of the trial was based on the number of subjects with pathology-positive lymph nodes (lymph nodes found to harbor cancer) following a multiple level lymph node dissection and required a minimum of 38 subjects whose lymph nodes contained pathology-confirmed disease.

Of the over 80 subjects enrolled in the NEO3-06 trial, 39 subjects were determined to have pathology-positive lymph nodes. Results demonstrated that Lymphoseek accurately identified 38, for an overall False Negative Rate, or FNR of 2.56%, which was statistically significant and met the statistical threshold for success of the primary endpoint.

Navidea expects to close the full dataset and secondary analyzes of the study and evaluate the possibility of filing a Supplemental New Drug Application later this year.

Navidea is trading at $2.70, up 6.08%.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
An Illinois woman has filed a lawsuit against Starbucks accusing that the coffee retail giant is misleading customers by "underfilling" its cold beverages. According to the plaintiff, Starbucks is cheating customers by serving cold coffees with too much ice cubes and less coffee than advertised, "often... GNC Holdings Inc. (GNC) Monday said it has commenced a strategic review that could lead to potential sale of the company. Shares of GNC Holdings gained over 4 percent after the vitamins and health supplement retailer said it has hired Goldman Sachs and Wachtell, Lipton, Rosen & Katz to advise on... Workers at a giant construction company in Saudi Arabia have set fire to several company buses amid protests at being laid off and not being paid wages for several months. Employees at the Saudi Binladin Group set fire to company buses and staged demonstrations within the Mecca region in recent weeks after the company, one of Saudi Arabia's largest employers, laid off 50,000 foreign employees.
comments powered by Disqus
Follow RTT