Stockwinners Market Radar for September 19, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

HMC...

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20:20 EDT Fly Intel: Top five weekend stock stories - Catch up on the weekend's top five stories with this list compiled by The Fly: 1. U.S. auto safety investigators have opened a new probe into 30 million vehicles built by nearly two dozen automakers with potentially defective Takata air bag inflators, Reuters' David Shepardson reported, citing a government document seen by the publication. The National Highway Traffic Safety Administration on Friday opened an engineering analysis into an estimated 30 million U.S. vehicles from the 2001 through 2019 model years, the author noted, adding that automakers were alerted to the investigation, which is not yet public. The new investigation includes vehicles assembled by Honda Motor (HMC), Ford Motor (F), Toyota Motor (TM), General Motors (GM), Nissan (NSANY), Subaru (FUJHY), Tesla (TSLA), Ferrari NV (RACE), Mazda (MZDAY), Daimler AG (DDAIF), BMW (BMWYY), Chrysler (STLA), Porsche Cars (POAHY), Jaguar Land Rover (TTM) and others. 2. Investment firms Tiedemann Group and Alvarium Investments are close to a deal to merge and go public through a special-purpose acquisition company, The Wall Street Journal's Amrith Ramkumar reported, citing people familiar with the matter. The combined investment firm would be called Alvarium Tiedemann Holdings and be valued at roughly $1.4 billion in the deal with the SPAC Cartesian Growth Corp. (GLBL), the people said. The merger could be announced as soon as this week, the author noted. 3. In the earliest days of COVID-19 pandemic, investor and drug developers looked to antivirals to blunt the impact of the disease but didn't have much luck, with the only antiviral authorized by the Food and Drug Administration to date being Gilead's (GILD) Veklury, also known as remdesivir, Josh Nathan-Kazis wrote in this week's edition of Barron's. But the next generation of COVID-19 antivirals are now on the way, and a pill to treat - or even prevent - COVID-19 could be available by the end of the year. Merck (MRK), Pfizer (PFE), and the biotech Atea Pharmaceuticals (AVIR) each expect late-stage data on an oral COVID-19 antiviral in the coming months. If the data are positive, the drugs provide a major opportunity for the companies-one that investors should not ignore, the author noted. 4. Disney's (DIS) "Shang-Chi and the Legend of the Ten Rings" remained atop the box office charts in its third weekend, earning an estimated $21.7M from 4,070 theaters for a total North American ticket sales of $176.9M. The superhero movie sports an A Cinemascore and unlike fellow Marvel Studios pic "Black Widow," "Shang-Chi" has an exclusive 45-day theatrical release. 5. Apple (AAPL), Sanofi (SNY), BHP Group (BHP), Rio Tinto (RIO), Anglo American (NGLOY), Glencore (GLNCY), Vale (VALE), Wynn Resorts (WYNN) and Las Vegas Sands (LVS) saw positive mentions in this week's edition of Barron's, while Nike (NKE) was mentioned cautiously.
FB

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15:46 EDT Facebook says WSJ stories 'contained deliberate mischaracterizations ' - Nick Clegg, Facebook's vice president of global affairs, writing in a blog post, said that, "A lot has been said about Facebook this week. A series of articles published by the Wall Street Journal has focused on some of the most difficult issues we grapple with as a company - from content moderation and vaccine misinformation, to algorithmic distribution and the well-being of teens. These are serious and complex issues, and it is absolutely legitimate for us to be held to account for how we deal with them. But these stories have contained deliberate mischaracterizations of what we are trying to do, and conferred egregiously false motives to Facebook's leadership and employees. At the heart of this series is an allegation that is just plain false: that Facebook conducts research and then systematically and willfully ignores it if the findings are inconvenient for the company. This impugns the motives and hard work of thousands of researchers, policy experts and engineers at Facebook who strive to improve the quality of our products, and to understand their wider (positive and negative) impact. It's a claim which could only be made by cherry-picking selective quotes from individual pieces of leaked material in a way that presents complex and nuanced issues as if there is only ever one right answer. With any research, there will be ideas for improvement that are effective to pursue and ideas where the tradeoffs against other important considerations are worse than the proposed fix. The fact that not every idea that a researcher raises is acted upon doesn't mean Facebook teams are not continually considering a range of different improvements. At the same time, none of these issues can be solved by technology companies alone, which is why we work in close partnership with researchers, regulators, policymakers and others. But none of that collaborative work is helped by taking a deliberately lop-sided view of the wider facts."Reference Link
GMAB SGEN

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15:31 EDT Seagen, Genmab present interim results from innovaTV 205 study - Seagen (SGEN) and Genmab (GMAB) presented interim data from two cohorts of the phase 1b/2 innovaTV 205 multi-cohort, open-label trial of tisotumab vedotin in recurrent or metastatic cervical cancer at the European Society for Medical Oncology Virtual Congress 2021 as part of a featured mini oral presentation. Initial results from these two dose expansion cohorts of the study showed "encouraging" and durable anti-tumor activity with tisotumab vedotin in combination with carboplatin as first-line therapy for patients with advanced cervical cancer who had not received prior systemic therapy, with a 55% objective response rate and with tisotumab vedotin in combination with pembrolizumab for patients with advanced cervical cancer who experienced disease progression after 1-2 lines of prior systemic therapy, with a 38% ORR, the companies said. Both combinations demonstrated a manageable and acceptable safety profile, with no new safety signals identified.
VSTM

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15:08 EDT Verastem highlights data from investigator-sponsored Phase 1/2 FRAME study - Verastem Oncology announced a mini oral presentation highlighting updated data from the ongoing investigator-sponsored Phase 1/2 FRAME study. The FRAME study, led by The Institute of Cancer Research, London, and The Royal Marsden NHS Foundation Trust, is investigating VS-6766, Verastem's RAF/MEK inhibitor, in combination with defactinib, its FAK inhibitor, in patients with low grade serous ovarian cancer. Among the evaluable patients with LGSOC, the overall response rate was 46%. Among the patients with KRAS mutant LGSOC, the ORR was 64%. Among the patients with KRAS wild type LGSOC, the ORR was 44%. Of the evaluable patients, 10 received previous MEK inhibitor therapy. The mPFS across all patients was 23.0 months. As of the April 2021 data cutoff date, 13 of 24 patients remained on study. In the FRAME study, the most common Grade 3/4 treatment-related adverse events were creatine kinase elevation, rash, diarrhea, mouth ulcer/mucositis/glossitis and hyperbilirubinemia, with only one discontinuation due to AEs as of the data cutoff. "These updated data suggest that the novel, intermittent dosing schedule used in the FRAME study continues to show encouraging clinical activity in patients with recurrent LGSOC, including in patients previously treated with a MEK inhibitor," the company said. Expansion cohorts are also ongoing in pancreatic cancer, KRAS/BRAF mutant endometrioid cancer and KRAS-G12V NSCLC.
MRTX

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15:04 EDT Mirati Therapeutics announces results from cohort of Phase 1/2 KRYSTAL-1 study - Mirati Therapeutics announced results from a cohort of the Phase 1/2 KRYSTAL-1 study evaluating adagrasib at the 600mg BID dose as both monotherapy and in combination with cetuximab in patients with heavily pretreated colorectal cancer harboring a KRASG12C mutation. Results showed that adagrasib alone and with cetuximab demonstrated significant clinical activity and broad disease control in these patients. As of May 25, 2021, 80% of patients enrolled in the adagrasib monotherapy arm received at least two prior lines of systemic anticancer therapies, and had a median follow up of 8.9 months. Of the evaluable patients, results showed an investigator assessed response rate of 22%, including one unconfirmed partial response, and a disease control rate of 87%; the median duration of response was 4.2 months. In all enrolled patients, the median progression free survival was 5.6 months. As of July 9, 2021, 90% patients enrolled in the adagrasib plus cetuximab arm received at least two prior lines of systemic anticancer therapies, and had a median follow up of 7 months. Of the evaluable patients, results showed an investigator assessed RR of 43%, including two unconfirmed PRs and a DCR rate of 100%. After the data cutoff date, of the two unconfirmed PRs, follow up scans showed one patient had a confirmed PR, and the second patient progressed. At the time of the analysis, 63% of enrolled patients remained on treatment. Adagrasib monotherapy and in combination with cetuximab was well-tolerated in this study, with a manageable safety profile. Grade 3/4 treatment related adverse events were observed in 30% of patients treated with adagrasib alone, and in 16% of patients treated with the combination. Treatment related adverse events led to treatment discontinuation in 6% of patients who received combination therapy and in none of those who received adagrasib monotherapy. No Grade 5 TRAEs were observed in either treatment arm.
MRK

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14:57 EDT Merck presents first results from Phase 3 KEYNOTE-716 trial - Merck announced the first results from the Phase 3 KEYNOTE-716 trial, in which adjuvant treatment with KEYTRUDA, Merck's anti-PD-1 therapy, showed a statistically significant and clinically meaningful improvement in recurrence-free survival, the trial's primary endpoint, compared to placebo in patients with resected high-risk stage II melanoma; KEYTRUDA is the first anti-PD-1 therapy to demonstrate this. At the first interim analysis, KEYTRUDA reduced the risk of disease recurrence or death by 35% compared to placebo. Median RFS had not been reached for either group at the time of this analysis. After 14.4 months follow-up, 11.1% of patients on KEYTRUDA had recurrence or died compared with 16.8% of patients on placebo, with fewer distant recurrences with KEYTRUDA versus placebo. The safety profile of KEYTRUDA was consistent with previously reported studies in patients with solid tumors. Treatment-related adverse events occurred in 79.9.% of patients who received KEYTRUDA versus 60.9% of patients who received placebo, while Grade 3 or 4 TRAEs were observed in 16.1% versus 4.3% of patients, respectively.
MRK

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14:54 EDT Merck presents full results from pivotal Phase 3 KEYNOTE-826 trial - Merck announced the presentation of the full results from the pivotal Phase 3 KEYNOTE-826 trial investigating KEYTRUDA, Merck's anti-PD-1 therapy, in combination with chemotherapy with or without bevacizumab for the first-line treatment of persistent, recurrent or metastatic cervical cancer at the European Society for Medical Oncology Congress 2021 (Abstract. These data were also simultaneously published in the New England Journal of Medicine. This is the first combination regimen with an anti-PD-1/PD-L1 therapy to improve overall survival (OS), progression-free survival and objective response rate compared to chemotherapy with or without bevacizumab as a first-line treatment of persistent, recurrent or metastatic cervical cancer. KEYTRUDA plus chemotherapy with or without bevacizumab reduced the risk of death by one-third, or 33%, versus chemotherapy with or without bevacizumab. Median OS for KEYTRUDA plus chemo +/- bev was 24.4 months compared to 16.5 months for chemo +/- bev. For the dual primary endpoint of PFS, median PFS was 10.4 months in those treated with KEYTRUDA plus chemo +/- bev and 8.2 months among those treated with chemo +/- bev. In the trial, KEYTRUDA plus chemo +/- bev showed an ORR of 65.9%, and chemo +/- bev showed an ORR of 50.8%. Median duration of response was 18.0 months in the KEYTRUDA plus chemo +/- bev arm and 10.4 months in the chemo +/- bev arm. The results were consistent with or without bevacizumab use. Treatment-related adverse events Grade greater than or equal to 3 occurred in 68.4% of patients in the KEYTRUDA plus chemo +/- bev arm and 64.1% of patients in the chemo +/- bev arm. Patients in the KEYTRUDA plus chemo +/- bev arm had a longer duration of treatment than those in the chemo +/- bev arm. In the KEYTRUDA plus chemo +/- bev arm, TRAEs led to discontinuation of any treatment in 31.3% of patients and of all treatment in 3.3% of patients. In the chemo +/- bev arm, TRAEs led to discontinuation of any treatment in 22.3% of patients and of all treatment in 1.9% of patients.
SPPI

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14:46 EDT Spectrum presents results from Cohort 4 of ZENITH20 clinical trial - Spectrum Pharmaceuticals announced the presentation of safety and efficacy results from Cohort 4 of the ZENITH20 clinical trial. This data is from 48 first-line patients with non-small cell lung cancer with HER2 exon 20 insertion mutations who received 16mg of oral poziotinib once daily. These results showed a confirmed objective response rate of 44%, as evaluated centrally by an independent image review committee using RECIST 1.1 criteria. The data was presented as a late breaker at the European Society for Medical Oncology Congress 2021 taking place in Paris on September 16-20, 2021. Cohort 4 of the ZENITH20 clinical trial is enrolling treatment-naive NSCLC patients with HER2 exon 20 insertion mutations. This cohort is investigating the efficacy of poziotinib with a QD and BID - ongoing - dosing strategy. Poziotinib 16mg was administered orally once daily for the first 48 patients allowing dose reductions/interruptions for toxicity. The primary endpoint was ORR evaluated centrally by an independent image review committee using RECIST 1.1 criteria. Secondary endpoints included disease control rate, duration of response, progression-free survival and safety. The primary endpoint of ORR was 44% in the 48 treated patients including one complete response. 88% of patients showed tumor reduction with a DCR of 75%. Median DoR was 5.4 months. Median PFS was 5.6 months. 88% of patients had dose interruptions and 77% had reductions from the 16mg QD starting dose, while 13% had adverse event related discontinuations. Only 1 patient experienced Grade greater than or equal to 3 pneumonitis. Poziotinib demonstrated clinically meaningful anti-tumor activity in newly diagnosed NSCLC patients with HER2 exon 20 mutations with 16mg QD dosing. The safety profile was manageable and similar to previously seen in previous studies and other second-generation tyrosine kinase inhibitors. The 8mg BID portion of Cohort 4 is continuing to actively recruit.
EXEL

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14:42 EDT Exelixis announces detailed Phase 1b results from cohort 6 of COSMIC-021 trial - Exelixis announced detailed results from the expanded cohort 6 of the phase 1b COSMIC-021 trial of cabozantinib in combination with atezolizumab in patients with metastatic castration-resistant prostate cancer. Cohort 6 included patients with metastatic CRPC who had been previously treated with the novel hormone therapies enzalutamide and/or abiraterone acetate used along with prednisone. Eligible patients in the trial had measurable disease per Response Evaluation Criteria in Solid Tumors per investigator assessment, had progressed on prior NHT, and could have received prior docetaxel for metastatic hormone-sensitive disease. The analysis included 132 patients with metastatic CRPC, 101 of whom were high-risk, which was defined as having measurable visceral metastases and/or extrapelvic lymphadenopathy. The median follow-up for all patients was 15.2 months, and the primary endpoint was objective response rate by investigator per RECIST 1.1. As previously announced, in the high-risk patient population, investigator-assessed ORR was 27%, including 2% complete responses. The Blinded Independent Radiology Committee-assessed ORR was 18%, all partial responses. The disease control rate was 88% by investigator assessment and 84% by BIRC assessment. New detailed results being presented at the 2021 ESMO Congress demonstrate that median progression-free survival per RECIST 1.1 for the high-risk population was 5.6 months as assessed by investigators and 6.8 months as assessed by BIRC. The exploratory endpoint of overall survival for the high-risk patient population was 18.4 months. Tumor PD-L1 status, which was known for 75 patients, was not associated with response. The safety profile was consistent with that previously observed for each single agent. No new safety signals were observed. Discontinuation of both agents due to treatment-related adverse events occurred in 10% of patients. Frequent treatment-related AEs were diarrhea, fatigue, nausea and decreased appetite. Grade 3 or 4 treatment-related AEs occurred in 55% of patients, and one grade 5 treatment-related AE was reported. Following discussions with the U.S. Food and Drug Administration, Exelixis will not pursue a regulatory submission for the combination regimen based on cohort 6 of the COSMIC-021 trial. The CONTACT-02 study, a global phase 3 pivotal trial, initiated enrollment in June 2020 and is evaluating cabozantinib in combination with atezolizumab versus a second NHT in patients with metastatic CRPC who have been previously treated with one NHT. Pending results, CONTACT-02 may serve as a basis for future regulatory applications in this setting.
AZN

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14:39 EDT AstraZeneca presents data from Phase II DESTINY-Lung01 trial of ENHERTU - Detailed primary results from the Phase II DESTINY-Lung01 trial of ENHERTU, the AstraZeneca and Daiichi Sankyo HER2-directed antibody drug conjugate, showed a robust and durable tumor response in previously treated patients with HER2-mutant unresectable and/or metastatic non-squamous non-small cell lung cancer. Results presented during a late-breaking Proffered Paper session at the European Society for Medical Oncology Congress 2021 and simultaneously published in The New England Journal of Medicine confirm ENHERTU as the first HER2-directed therapy to show a strong tumor response in this patient population. Primary results from the HER2m cohort of DESTINY-Lung01 in previously treated HER2m NSCLC demonstrated a confirmed objective response rate of 54.9% in patients treated with ENHERTU as assessed by independent central review. One complete response and 49 partial responses were observed. A confirmed disease control rate of 92.3% was seen with a reduction in tumor size observed in most patients. After a median follow-up of 13.1 months, the median duration of response for ENHERTU was 9.3 months. The median progression-free survival was 8.2 months and the median overall survival was 17.8 months. Responses were observed across HER2m subtypes, as well as in patients with no detectable HER2 expression or HER2 gene amplification. Efficacy was observed in subgroups including prior treatment with platinum-based therapy, or platinum-based and anti-PD-(L)1 therapy, as well as asymptomatic brain metastases at baseline.
BNTX PFE

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10:20 EDT FDA VRBPAC votes in favor of COMIRNATY booster for EUA in people 65 and up - Pfizer (PFE) and BioNTech (BNTX) announced that the U.S. Food and Drug Administration's Vaccines and Related Biological Products Advisory Committee voted unanimously to recommend the FDA grant Emergency Use Authorization for a booster dose of COMIRNATY - COVID-19 Vaccine, mRNA - in individuals 65 years of age and older and individuals at high risk of severe COVID-19. The committee recommended that the additional dose be administered at least six months after the two-dose series. The panel also agreed that healthcare workers and others at high risk for occupational exposure should be included in this EUA. VRBPAC is made up of independent experts who advise the FDA on scientific and regulatory matters, including the evaluation of vaccine safety and efficacy. At this time, VRBPAC did not vote in favor of approval of a booster dose for the full population for which Pfizer and BioNTech submitted their supplemental Biologics License Application, which was individuals 16 and older. The same data have recently been submitted to the European Medicines Agency and will be filed with other regulatory authorities in the coming weeks. The companies remain vigilant and continue to generate relevant COMIRNATY booster dose data for evaluation for future licensure in further groups as well as to address emerging variants of concern. The FDA is expected to make its decision in the coming days. This decision could allow COMIRNATY to be the first COVID-19 vaccine with a booster authorized in the U.S.
NVS

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09:41 EDT Novartis announces results of final OS analysis of Phase III MONALEESA-2 study - Novartis has announced results of the final overall survival analysis of the Phase III MONALEESA-2 study, which evaluated Kisqali in combination with letrozole compared to placebo plus letrozole in postmenopausal women with hormone receptor-positive, human epidermal growth factor receptor 2-negative advanced or metastatic breast cancer with no prior systemic treatment for advanced disease. Kisqali in combination with letrozole met its key secondary endpoint of OS, demonstrating a statistically significant and clinically meaningful improvement in survival. The analysis found that after a median follow-up of over six and a half years, the longest for any CDK4/6 inhibitor trial to date, the improvement in the median OS was over one year. MONALEESA-2 showed that after five years, patients treated with Kisqali in combination with letrozole had more than a 50% chance of survival. In MONALEESA-2, a 12-month delay in time to chemotherapy was observed with Kisqali compared to those taking letrozole alone. With this longer follow-up, no new safety signals were observed; adverse events were consistent with previously reported Phase III trial results for Kisqali. In MONALEESA-2, the primary endpoint progression-free survival was met at the initial analysis. These new OS results mark the third statistically significant and clinically meaningful survival benefit achieved by Kisqali in the MONALEESA program. Novartis will submit the data to global health authorities to support label updates.
AZN

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08:43 EDT AstraZeneca presents results from head-to-head DESTINY-Breast03 Phase III trial - Detailed positive results from the head-to-head DESTINY-Breast03 Phase III trial showed that Enhertu, or trastuzumab deruxtecan,, the AstraZeneca and Daiichi Sankyo HER2-directed antibody drug conjugate, demonstrated superior progression-free survival versus trastuzumab emtansine, a HER2-directed ADC currently approved to treat patients with HER2-positive unresectable and/or metastatic breast cancer previously treated with trastuzumab and a taxane. Results were presented in a Presidential Symposium at the European Society for Medical Oncology Congress 2021. At a prespecified interim analysis of DESTINY-Breast03, Enhertu demonstrated a 72% reduction in the risk of disease progression or death compared to T-DM1. After 15.5 and 13.9 months of follow-up in the Enhertu and T-DM1 arms respectively, the median PFS for patients treated with Enhertu was not reached compared to 6.8 months for T-DM1 as assessed by blinded independent central review. In the key secondary endpoint of PFS assessed by investigators, patients treated with Enhertu experienced a three-fold improvement in PFS of 25.1 months versus 7.2 months for T-DM1. A consistent PFS benefit was observed in key subgroups of patients treated with Enhertu, including those with a history of stable brain metastases. There was a strong trend towards improved overall survival with Enhertu, however this analysis is not yet mature and is not statistically significant. Nearly all patients treated with Enhertu were alive at one year compared to 85.9% of patients treated with T-DM1. Confirmed objective response rate more than doubled in the Enhertu arm versus the T-DM1 arm. Forty-two complete responses, and 166 partial responses were observed in patients treated with Enhertu compared to 23 CRs and 67 PRs in patients treated with T-DM1. The safety profile of the most common adverse events with Enhertu in DESTINY-Breast03 was consistent with previous clinical trials with no new safety concerns identified. There were 27 cases of treatment-related interstitial lung disease or pneumonitis reported, as determined by an independent adjudication committee. The majority were low Grade, with two Grade 3 events reported. No Grade 4 or Grade 5 ILD or pneumonitis events occurred.
AZN

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08:37 EDT AstraZeneca presents updated results from CASPIAN Phase III trial - IUpdated results from the CASPIAN Phase III trial showed AstraZeneca's Imfinzi, or durvalumab, in combination with a choice of chemotherapies, etoposide plus either carboplatin or cisplatin, demonstrated a sustained, clinically meaningful overall survival benefit at three years for adults with extensive-stage small cell lung cancer treated in the 1st-line setting. These data, which show the longest survival update ever reported for an immunotherapy treatment in this setting, were presented during a mini-oral session on 18 September 2021 at the European Society of Medical Oncology Congress 2021. The CASPIAN trial met the primary endpoint of OS in June 2019, reducing the risk of death by 27%, which has formed the basis of regulatory approvals in many countries around the world. Updated results were previously presented during the ASCO20 Virtual Scientific Program in May 2020 with a median follow up of more than two years. The latest results for Imfinzi plus chemotherapy showed sustained efficacy after a median follow up of more than three years for censored patients, with a 29% reduction in the risk of death versus chemotherapy alone. Updated median OS was 12.9 months versus 10.5 for chemotherapy. The results included a planned exploratory analysis, where an estimated 17.6% of patients treated with Imfinzi plus chemotherapy were alive at three years, versus 5.8% of patients treated with chemotherapy alone. The survival benefits were consistent across all subgroups, in line with previous analyses. Imfinzi plus chemotherapy continued to demonstrate a well-tolerated safety profile consistent with the known profiles of these medicines. Results showed 32.5% of patients experienced a serious adverse event with Imfinzi plus chemotherapy versus 36.5% with chemotherapy alone. Imfinzi in combination with etoposide and either carboplatin or cisplatin is approved in the 1st-line setting of ES-SCLC in more than 55 countries, including the US, Japan, China and across the EU. Imfinzi is also being tested following concurrent chemoradiation therapy in patients with limited-stage SCLC in the ADRIATIC Phase III trial as part of a broad development program. In addition, Imfinzi is also approved to treat non-small cell lung cancer in the curative-intent setting of unresectable, Stage III disease after CRT in the US, Japan, China, across the EU and in many other countries, based on results from the PACIFIC Phase III trial.