Cambridge, MA-based Curis (CRIS) has been handed a significant setback on its lead cancer program. The developer announced this morning that GDC-0449 flunked the primary endpoint in a Phase II colorectal cancer trial mounted by its partner Genentech, failing to outperform a combination of Avastin and chemotherapy. The news quickly lopped 46 percent off the value of its shares.
Researchers behind the 199-patient trial were looking to see whether the drug, in combination with Avastin and chemo,...