Category: 3. Business

  • Kering to sell beauty unit to L'Oreal for $4.66 billion – Reuters

    1. Kering to sell beauty unit to L’Oreal for $4.66 billion  Reuters
    2. Exclusive | Gucci Owner Kering Nears $4 Billion Sale of Beauty Unit to L’Oréal  wsj.com
    3. Kering to sell beauty unit to L’Oreal for $4.66 billion By Reuters  Investing.com
    4. Gucci owner Kering is said to be nearing deal to sell Beauty unit to L’Oréal  Seeking Alpha
    5. Kering and L’Oréal forge an alliance in beauty and wellness  GlobeNewswire

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  • ESMO 2025: A Phase III Study of Capivasertib + Abiraterone versus Placebo + Abiraterone in Patients with PTEN-deficient De Novo Metastatic Hormone-sensitive Prostate Cancer (mHSPC): CAPItello-281 – UroToday

    1. ESMO 2025: A Phase III Study of Capivasertib + Abiraterone versus Placebo + Abiraterone in Patients with PTEN-deficient De Novo Metastatic Hormone-sensitive Prostate Cancer (mHSPC): CAPItello-281  UroToday
    2. Truqap Extends Radiographic Progression-Free Survival in Some With Prostate Cancer  CUREtoday.com
    3. Capivasertib prolongs rPFS in PTEN-deficient hormone-sensitive prostate cancer  Urology Times

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  • Kering and L’Oréal Forge an Alliance in Beauty and Wellness

    Kering and L’Oréal Forge an Alliance in Beauty and Wellness

    Paris and Clichy, France. October 19, 2025 – Kering and L’Oréal announced today that they are entering a long-term strategic partnership in luxury beauty and wellness. This binding agreement encompasses the acquisition of the House of Creed by L’Oréal, the beauty and fragrance licenses of iconic Houses of Kering and an exclusive venture to explore business opportunities in the field of wellness and longevity.  

     

    Building on the success of Yves Saint Laurent Beauté, this alliance further consolidates the long history of collaboration of two global leaders with complementary strengths — iconic luxury brands of Kering and the world-class expertise of L’Oréal in beauty — to accelerate growth and unlock considerable value across high-potential categories.

     

    Under the terms of this agreement, Kering has the right to sell Kering Beauté including the House of Creed to L’Oréal. A true heritage name in haute parfumerie, Creed stands among the leading high-end luxury fragrance Houses, celebrated for its craftsmanship and mastery of rare natural ingredients. As part of L’Oréal Luxe, Creed will be best positioned to accelerate even further its global development across both men’s and women’s markets.

     

    The partnership includes the rights to enter into a 50-year exclusive license for the creation, development, and distribution of fragrance and beauty products for Gucci, commencing after expiration of the current license with Coty, and respecting the Kering group’s obligations as per the existing license agreement. 

    Kering will also grant L’Oréal 50-year exclusive licenses for the creation, development, and distribution of fragrance and beauty products for Bottega Veneta and Balenciaga, starting upon closing of the announced transaction.

     

    A strategic committee will be established to ensure coordination between Kering brands and L’Oréal and monitor the progress of our partnership.

     

    The agreement, including the sale of Creed and the establishment of these 50-year licenses on these iconic Houses of Kering, is valued at €4 billion, payable in cash at closing, expected in the first half of 2026. L’Oréal will also pay royalties to Kering for the use of its licensed brands.

     

    Beyond beauty, Kering and L’Oréal are joining forces to explore business opportunities at the intersection of luxury, wellness, and longevity. This exclusive partnership, in the form of a planned 50/50 joint venture, will craft cutting-edge experiences and services combining L’Oréal’s innovation capabilities with Kering’s deep understanding of luxury clients.

     

    This strategic alliance marks a decisive step for Kering,” declared Luca de Meo, CEO of Kering. “Joining forces with the global leader in beauty, we will accelerate the development of fragrance and cosmetics for our major Houses, allowing them to achieve scale in this category and unlock their immense long-term potential, as did Yves Saint Laurent Beauté under L’Oréal’s stewardship. Together, we will also venture into new frontiers of wellness, combining the unrivalled expertise of L’Oréal with our unique luxury reach. This partnership allows us to focus on what defines us best: the creative power and desirability of our Houses.”

     

    “I am delighted to forge this long-term strategic alliance with one of the world’s most prestigious, creative and visionary luxury groups. This partnership will further solidify our position as the world’s #1 luxury beauty company and allow us to explore new avenues in wellness together.” said Nicolas Hieronimus, CEO L’Oréal Groupe. “The addition of these extraordinary brands perfectly complements our existing portfolio and significantly expands our reach into new, dynamic segments of luxury beauty. Through Creed, we will establish ourselves as one of the leading players in the fast-growing niche fragrance market. Gucci, Bottega Veneta and Balenciaga are all exceptional couture brands with enormous potential for growth.”

     

    The agreement contains customary terms and conditions, including regulatory approvals. The agreement is also subject to Kering’s obligations under French employment law, with the right for Kering to sell Kering Beauté to L’Oréal and an exclusivity granted to L’Oréal.

     

    About Kering

     

    Kering is a global, family-led luxury group, home to people whose passion and expertise nurture creative Houses across couture and ready-to-wear, leather goods, jewelry, eyewear and beauty: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, McQueen, Brioni, Boucheron, Pomellato, Dodo, Qeelin, Ginori 1735, as well as Kering Eyewear and Kering Beauté. Inspired by their creative heritage, Kering’s Houses design and craft exceptional products and experiences that reflect the Group’s commitment to excellence, sustainability and culture. This vision is expressed in our signature: Creativity is our Legacy. In 2024, Kering employed 47,000 people and generated revenue of €17.2 billion.

     

    About L’Oréal Groupe

     

    For 115 years, L’Oréal, the world’s leading beauty player, has devoted itself to one thing only: fulfilling the beauty aspirations of consumers around the world. Our purpose, to create the beauty that moves the world, defines our approach to beauty as essential, inclusive, ethical, generous and committed to social and environmental sustainability. With our broad portfolio of 37 international brands and ambitious sustainability commitments in our L’Oréal for the Future programme, we offer each and every person around the world the best in terms of quality, efficacy, safety, sincerity and responsibility, while celebrating beauty in its infinite plurality.

    With more than 90,000 committed employees, a balanced geographical footprint and sales across all distribution networks (e-commerce, mass market, department stores, pharmacies, perfumeries, hair salons, branded and travel retail), in 2023 the Group generated sales amounting to 41.18 billion euros. With 20 research centers across 11 countries around the world and a dedicated Research and Innovation team of over 4,000 scientists and 6,400 Digital talents, L’Oréal is focused on inventing the future of beauty and becoming a Beauty Tech powerhouse. 

     

     

    Contacts Kering

    Press

    Emilie Gargatte       +33 (0)1 45 64 61 20       emilie.gargatte@kering.com 
    Caroline Bruel       +33 (0)1 45 64 62 53       caroline.bruel-ext@kering.com  
        
    Analysts/investors

    Claire Roblet       +33 (0)1 45 64 61 49       claire.roblet@kering.com  
    Aurélie Husson-Dumoutier        +33 (0)1 45 64 60 45       aurelie.husson-dumoutier@kering.com

     

     

    Contacts L’Oréal

    Individual shareholders

    Pascale Guérin      +33 (0)1 49 64 18 89       pascale.guerin@loreal.com 
     

    Financial analysts and institutional investors

    Eva Quiroga       +33 (0)7 88 14 22 65       eva.quiroga@loreal.com 
     

    Media

    Brune Diricq       +33 (0)6 63 85 29 87       brune.diricq@loreal.com  
    Arnaud Fraboul       +33 (0)6 40 13 62 14       arnaud.fraboul@loreal.com  

     

     

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  • Bispecific ADC Iza-Bren Leads to Improved ORR Vs Chemo in Nasopharyngeal Cancer | Targeted Oncology

    Bispecific ADC Iza-Bren Leads to Improved ORR Vs Chemo in Nasopharyngeal Cancer | Targeted Oncology

    Patients treated with izalontamab brengitecan (iza-bren; BL-B01D1) had superior overall response rate (ORR) compared with chemotherapy in patients with recurrent or metastatic nasopharyngeal carcinoma (NPC), according to results from the BL-B01D1-301 study (NCT06118333) presented at the 2025 European Society for Medical Oncology (ESMO) Congress and published in The Lancet.1,2

    The ORR by blinded independent central review was 54.6% (95% CI, 45.2%–63.8%) with iza-bren vs 27.0% (95% CI, 19.1%–36.0%) with chemotherapy, with an odds ratio of 3.3 (95% CI, 1.9–5.8; P < .0001) showing it was significantly higher in this primary end point.1

    “This was the first randomized phase 3 study evaluating iza-bren in recurrent or metastatic NPC. Our study has met its primary end point for ORR, and we can see a clinically meaningful improvement in progression-free survival [PFS] and it has a management safety profile,” said Huaqiang Zhou, MD, of Sun Yat-sen University Cancer Center in Guangzhou, China, in his presentation.1

    Approximately 20% to 30% of patients with NPC have recurrent or distant metastases, and current treatment options have low response rates. Iza-bren is a potentially first-in-class topoisomerase 1 inhibitor-based EGFR and HER3 bispecific antibody-drug conjugate (ADC).

    The multicenter, randomized, open-label, phase 3 BL-B01D1-301 trial was designed to investigate this agent in patients who had previously received at least 2 lines of systemic chemotherapy including at least 1 platinum-containing regimen and a PD-1 or PD-L1 inhibitor. The primary end points were ORR and overall survival (OS), with secondary end points including progression-free survival, duration of response (DOR), and safety.

    Patients were enrolled in 55 hospitals in China. They were stratified by number of prior lines of platinum-based treatment, ECOG performance status of 0 vs 1, and presence/absence of liver metastases.

    Of 522 patients who were screened, 386 were randomly assigned on a 1:1 basis with 191 receiving 2.5 mg/kg iza-bren on days 1 and 8 of a 3-week cycle with 195 receiving physician’s choice of chemotherapy.1

    The median age of patients was 50.0 in the treatment arm and 49.0 in the chemotherapy arm, with the majority being male in each arm (85.3% and 81.0%, respectively). The majority had ECOG performance status of 1 (75.9% in both arms). Over half of patients in both arms had received 2 prior lines of therapy with the rest having received at least 3 lines. The majority had received 2 prior lines of chemotherapy, with 48.2% of each arm having received 2 prior lines of platinum-based chemotherapy. Prior radiotherapy had been used in 89.5% of the experimental arm and 88.2% of the control arm.

    Metastases were present at baseline in the liver, bones, and lungs in 47.6%, 49.2%, and 46.6% of the experimental arm and 48.7%, 46.7%, and 37.4% of the control arm.

    Results were reported at median follow-up of 7.66 months for iza-bren and 7.10 months for chemotherapy. There was 1 complete response in the iza-bren arm and none in the control arm. The disease control rate was 82.4% with iza-bren vs 69.6% with chemotherapy. All subgroups favored iza-bren in this analysis.

    The median DOR was 8.5 months for iza-bren vs 4.8 months for physician’s choice of chemotherapy (HR, 0.43; 95% CI, 0.22–0.83). The median PFS was 8.38 months with iza-bren vs 4.34 months for chemotherapy (HR, 0.44; 95% CI, 0.32–0.62), and this trend was consistent across subgroups. At this time, OS was not mature.

    Treatment-related adverse events (TRAEs) of grade 3 or higher were reported in 79.9% of patients receiving iza-bren vs 61.6% of those receiving chemotherapy. Serious TRAEs occurred in 43.4% of patients in the iza-bren arm vs 27.0% in the chemotherapy arm, and 4 (2%) treatment-related deaths occurred in the iza-bren group. Dose reductions due to TRAEs were needed in 41.8% with iza-bren vs 24.3% with chemotherapy, and TRAEs leading to dose interruption occurred in 61.4% vs 18.4%, respectively. TRAEs led to treatment discontinuation in 2.6% vs 3.2%, respectively.

    Hematological AEs were reported more frequently with iza-bren vs chemotherapy including anemia in 50% vs 10% and decreased platelet count in 43% vs 7%. Decreased white blood cell count occurred in 43% vs 44% and decreased neutrophil count occurred in 38% vs 41%, respectively. According to Zhou, these were well managed by standard supportive care. The majority of nonhematologic TRAEs were grade 1 or 2, and no new safety signals were identified.

    Two cases of grade 2 interstitial lung disease (ILD) occurred in the experimental arm and 2 cases of grade 3 ILD occurred in the chemotherapy arm.

    “Based on this trial, iza-bren represents a potential new standard of care for heavily pretreated patients with recurrent or metastatic NPC,” concluded Zhou.

    REFERENCES:
    1. Yang Y, Zhou H, Tang L, et al. Iza-bren (BL-B01D1), an EGFR×HER3 bispecific antibody-drug conjugate, versus physician’s choice of chemotherapy in heavily pretreated recurrent/metastatic nasopharyngeal carcinoma: a randomized, open-label, multicenter, phase III, pivotal study (BL-B01D1-303). Presented at: 2025 European Society for Medical Oncology Congress; October 17-21, 2025; Berlin, Germany. Abstract LBA35.
    2. Yang Y, Zhou H, Tang L, et al. Izalontamab brengitecan, an EGFR and HER3 bispecific antibody–drug conjugate, versus chemotherapy in heavily pretreated recurrent or metastatic nasopharyngeal carcinoma: a multicentre, randomised, open-label, phase 3 study in China. Lancet. Published online October 19, 2025. doi:10.1016/S0140-6736(25)01954-3

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  • Jensen Huang says Nvidia went from 95% market share in China to 0%

    Jensen Huang says Nvidia went from 95% market share in China to 0%

    Nvidia CEO Jensen Huang urged nuance when it comes to regulating China’s access to U.S. technologies that are critical to developing artificial intelligence.

    In an interview with Citadel Securities on Tuesday, he warned that what harms China can often harm the U.S., and sometimes even in worse ways.

    “Before we leap towards policies that are hurtful to other people, take a step back and maybe reflect on what are the policies that are helpful to America,” Huang said.

    His words of caution come as Nvidia processors have become hot commodities in the AI race as well as political bargaining chips in the U.S.-China trade war.

    Huang said he’d like the world to run on U.S. know-how, but noted about half the world’s AI researchers are in China.

    “I think it’s a mistake to not have those researchers build AI on American technology,” he added.

    Trying to strike a balance between his goal of maintaining U.S. tech supremacy along with access to China will require nuance rather than an all-or-nothing approach, Huang said. But that’s not the case now, as Nvidia is “100% out of China.”

    “We went from 95% market share to 0%, and so I can’t imagine any policymaker thinking that that’s a good idea, that whatever policy we implemented caused America to lose one of the largest markets in the world,” he said.

    He didn’t name names, or administrations. But the Biden administration imposed rules in 2022 to restrict the export of Nvidia’s most advanced AI chips to China, leading the company to design a processor that met the new limits.

    In April, Nvidia said the Trump administration blocked the sale of some of its AI chips to China without licenses and would require them for future sales. Then in August, the administration granted export licenses for certain Nvidia and AMD chips to China in exchange for 15% of the revenues.

    But Chinese regulators have reportedly told domestic tech companies not to buy Nvidia chips that were designed to meet U.S. export requirements.

    Meanwhile, Beijing placed strict limits on exports of rare earths, a critical input for a wide range of advanced technologies, mimicking U.S. export rules on AI chips.

    That prompted President Donald Trump to fire back with an additional 100% tariff on Chinese goods. Officials from both sides are due to resume talks this week, ahead of a planned meeting with Trump and his Chinese counterpart later this month.

    For now, Huang told Citadel that all of Nvidia’s financial forecasts assume China will remain out of the picture.

    “If anything happens in China, which I hope it will, it’ll be a bonus,” he said. “But it’s a large market. China is the second largest computer market in the world. It is a vibrant ecosystem. I think it’s a mistake for the United States to not participate. So hopefully we’ll continue to explain and inform and hold out hope for a change in policy.”

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  • Week Ahead for FX, Bonds: U.S. Inflation, PMI -2-

    Week Ahead for FX, Bonds: U.S. Inflation, PMI -2-

    For September, retail sales, a key gauge of consumption, likely grew 3.0% on year, down from August’s 3.4% increase, the poll shows. Industrial production is estimated to have grown 5.3%, marginally above August’s 5.2%. Fixed-asset investment likely stayed flat in the first three quarters of the year, compared with a 0.5% rise through August. Property data due the same day are expected to show another weak month for the housing sector.

    The People’s Bank of China will also announce the country’s benchmark lending rates on Monday, which are widely expected to remain unchanged.

    Separately, China’s ruling communist elites are set to convene a meeting from Monday to Thursday to review the country’s 15th Five-Year Plan, mapping out key policy initiatives for the world’s second-largest economy for the rest of the decade. While detailed targets will be unveiled next March, economists at Morgan Stanley expect the focus to remain on “technological self-sufficiency, innovation and national security,” with limited market-moving surprises.

    Australia / New Zealand

    In Australia, attention will be focused on further communication from the Reserve Bank of Australia. While senior officials have recently signaled more interest-rate cuts, they may start rowing back those comments after data showed unemployment jumped to its highest level since late 2021.

    Even with inflation risks lingering, the rise in unemployment to 4.5% in September adds pressure on the RBA to keep lowering the official cash rate. The increase may reflect weaker government hiring and continued softness in the private sector, compounded by global trade uncertainty and China's tariff headwinds.

    A speech by RBA Gov. Michele Bullock on Friday will be a key focus in an otherwise light data week.

    In New Zealand, third-quarter inflation data on Monday will draw close attention. Policymakers appear increasingly attuned to signs of weakness, making further rate cuts all but certain.

    Indonesia

    Bank Indonesia is set to announce its policy decision on Wednesday and is widely expected to continue cutting interest rates to support growth.

    UOB economist Enrico Tanuwidjaja thinks the easing cycle is not complete, but the end is near. He expects a 25-basis-point cut to 4.50% in October, followed by another reduction in the first quarter of 2026, with rates likely to remain steady through the year after that.

    Malaysia

    Malaysia's September inflation data is likely to show a small uptick in price pressures but not enough to move the needle for the central bank.

    ANZ expects CPI to have edged up to 1.5% from 1.3% in August, driven by slightly higher utilities and transport costs. However, with the government reduction of fuel prices, transport inflation could ease in the coming months, ANZ said.

    Overall, inflation is expected to stay subdued, supported by weak global commodity prices and moderating domestic demand. ANZ doesn't anticipate Bank Negara Malaysia to cut rates again soon unless growth weakens significantly.

    South Korea

    The Bank of Korea is expected to hold rates when the monetary policy board meets on Thursday, keeping policy settings unchanged for a third consecutive session.

    Analysts have recently pushed back forecasts for the central bank to deliver a rate cut from October to November or later, citing continued financial stability risks tied to household debt and Seoul's overheated property market. Lower borrowing costs could further stoke mortgage lending, complicating the BOK's decision.

    Goldman Sachs economists said the government's latest housing stabilization measures-tightening mortgage and property transaction rules-support the case for the BOK to hold rates in October while signaling a dovish bias for November.

    The central bank may wait for home prices to stabilize before delivering another cut, Citigroup economist Jin-Wook Kim said.

    Singapore

    Singapore will release its September inflation data on Thursday. The central bank recently said core inflation, a measure excluding private road transport and accommodation, could bottom out soon and rise gradually in 2026.

    Core inflation cooled to 0.3% on year in August from 0.5% in July. ANZ Research expects September to mark the low point of weak inflation, forecasting a 0.2% on-year rise in core prices and a 0.6% gain in headline inflation.

    Any references to days are in local times.

    Write to Jessica Fleetham at jessica.fleetham@wsj.com and Jihye Lee at jihye.lee@wsj.com

    (END) Dow Jones Newswires

    October 19, 2025 17:14 ET (21:14 GMT)

    Copyright (c) 2025 Dow Jones & Company, Inc.

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  • Trodelvy Improves Survival in EGFR-Mutated Non-Small Cell Lung Cancer

    Trodelvy Improves Survival in EGFR-Mutated Non-Small Cell Lung Cancer

    Trodelvy (sacituzumab govitecan) led to a 51% reduction in the risk of progression or death compared with chemotherapy in patients with nonsquamous epidermal growth factor receptor–mutated non–small cell lung cancer that developed epidermal growth factor receptor tyrosine kinase inhibitor resistance, according to phase 3 results of the OptiTROP-Lung04 study presented during the European Society of Medical Oncology Congress 2025.

    Results showed that, at a median follow-up of 18.9 months, the median progression-free survival assessed by blinded independent central review was 8.3 months with Trodelvy and 4.3 months with chemotherapy. The 12-month progression-free survival rates were 32% and 8%, respectively. The benefit with Trodelvy was observed across all prespecified subgroups.

    The investigator-assessed median progression-free survival was 8.4 months with Trodelvy and 4.8 months with chemotherapy. The 12-month rates were 35% and 11%, respectively.

    “Trodelvy demonstrated statistically significant and clinically meaningful improvements in progression-free and overall survival compared to platinum-based chemotherapy,” lead study author Dr. Li Zhang, professor of medical oncology at Sun Yat-sen University Cancer Center in Guangzhou, China, said in an oral presentation of the data. “The results of the OptiTROP-Lung04 study support Trodelvy as a promising new treatment option for patients with EGFR-mutated non–small cell lung cancer with epidermal growth factor receptor tyrosine kinase inhibitor resistance.”

    Trodelvy is a TROP2 antibody-drug conjugate with a unique biofunctional linker that maximizes delivery of a belotecan-derivative topoisomerase I inhibitor payload to tumor cells. TROP2 is highly expressed in patients with EGFR-mutated non–small cell lung cancer, and preclinical data have shown that Trodelvy internalization and uptake are enhanced by EGFR mutations.

    Glossary

    Progression-free survival (PFS): time during and after treatment that a patient lives without cancer growing or spreading.

    Overall survival (OS): time from treatment start or diagnosis until death from any cause.

    Objective response rate (ORR): percentage of patients whose cancer shrinks or disappears after treatment.

    Disease control rate (DCR): percentage of patients whose cancer shrinks, disappears, or remains stable after treatment.

    Duration of response (DOR): length of time a treatment keeps cancer under control after it first responds.

    Investigator-assessed PFS: progression-free survival measured by the trial’s treating investigators rather than an independent review.

    Current standard options for patients who relapse on third-generation EGFR tyrosine kinase inhibitors remain platinum-based chemotherapy, but more options are needed.

    In the multicenter, open-label, phase 3 OptiTROP-Lung04 trial, 376 patients with nonsquamous stage 3B/3C or 4 non–small cell lung cancer with EGFR-sensitive mutations were randomly assigned 1:1 to receive Trodelvy at five milligrams per kilogram intravenously every two weeks or Alimta at 500 milligrams per square meter plus carboplatin area under the curve 5 or cisplatin at 75 milligrams per square meter every three weeks for up to four cycles, followed by Alimta maintenance at 500 milligrams per square meter every three weeks. Treatment was given until disease progression, intolerable toxicity, or patient request to discontinue therapy.

    To be eligible for enrollment, patients needed to have an Eastern Cooperative Oncology Group performance status of zero or one and progression after third-generation tyrosine kinase inhibitor therapy or progression after first- or second-generation tyrosine kinase inhibitors with T790M-negative mutations.

    Stratification factors included prior EGFR tyrosine kinase inhibitor therapy (third-generation in frontline versus second line versus no third-generation) or brain metastases (yes versus no).

    The primary end point was progression-free survival assessed by blinded independent central review; secondary end points were overall survival, investigator-assessed progression-free survival, objective response rate, disease control rate, duration of response, and safety.

    A total 148 patients on Trodelvy discontinued treatment due to disease progression (125 patients), patient or guardian withdrawal (12 patients), death (6 patients), side effects (2 patients), or other (3 patients). In the chemotherapy arm, 179 patients discontinued treatment due to disease progression (140 patients), patient/guardian withdrawal (16 patients), death (9 patients), side effects (5 patients), protocol deviation (2 patients), or other (7 patients). A total 69 and 102 patients in each arm, respectively, discontinued from the study due to death (67 and 101 patients) or were lost to follow-up (2 and 1 patients).

    Patient baseline characteristics were generally well balanced between the Trodelvy (188 patients) and chemotherapy arms (188 patients). The median age was 60 years and 59 years, and 31% and 27% were at least 65 years. Most had a performance status of 1 (81% and 77%), had no smoking history (77% and 72%), had stage 4 disease (97% and 98%), and at least three metastatic sites (68% and 67%). A total 18% and 19% had brain metastases, and 13% and 18% had liver metastases. The majority in each arm had exon 19 deletions (56% and 63%), had unknown T790M mutation status (59% and 60%), and received a prior third-generation EGFR tyrosine kinase inhibitor in the frontline setting (63% and 62%).

    The interim analysis showed that for Trodelvy, the median overall survival was not reached compared with 17.4 months with chemotherapy, leading to a 40% reduction in the risk of death. The 18-month overall survival rates were 66% and 48%, respectively. Overall survival was improved with Trodelvy across all prespecified subgroups.

    Dr. Zhang also reported on subsequent anticancer treatment from the trial; 72% of patients on Trodelvy and 86% of those on chemotherapy received at least one subsequent treatment. In the Trodelvy and chemotherapy groups, respectively, these included chemotherapy (42%; 54%), specifically Alimta-based chemotherapy (37%; 13%), an EGFR tyrosine kinase inhibitor (43%; 40%), an anti-angiogenic agent (35%; 48%), immunotherapy (17%; 25%), or an antibody-drug conjugate (1%; 20%).

    When assessed via blinded independent central review, the objective response rate with Trodelvy was 61% compared with 43% with chemotherapy; the disease control rate was 87% and 80%, respectively. The median duration of response was 8.3 months with Trodelvy and 4.2 months with chemotherapy; the 12-month rates were 36% versus 8%, respectively.

    Regarding safety, treatment-related side effects occurred in 100% and 98% of Trodelvy– and chemotherapy-treated patients, respectively. Grade 3 or higher side effects occurred in 58% and 54% of patients, and serious side effects occurred in 9% and 18% of patients, respectively. Side effects that led to dose reductions and interruptions occurred in 30% and 37% of patients on Trodelvy; there were no side effects that led to discontinuation or death. In the chemotherapy arm, these rates were 23% and 33%; one patient each experienced side effects leading to discontinuation or death.

    The median duration of exposure was 9.6 months with Trodelvy and 4.9 months with chemotherapy. The most common side effects in both arms were hematologic; Trodelvy had higher incidence of stomatitis that were mostly grade 1 or 2 (any-grade 62%; grade ≥3 5%). Ocular surface toxicities also occurred in 10% of patients on Trodelvy, all grade 1 or 2. No cases of interstitial lung disease or pneumonitis were reported on the Trodelvy arm.

    Phase 3 trials are currently exploring Trodelvy alone and in combination with Tagrisso in patients with EGFR-mutant non–small cell lung cancer.

    References

    1. “Sacituzumab tirumotecan versus platinum-based chemotherapy in EGFR-mutated non-small cell lung cancer following progression on EGFR-TKIs” by Dr. Zhang, et al., presented at the 2025 ESMO Congress.
    2. “Sacituzumab tirumotecan in advanced non-small-cell lung cancer with or without EGFR mutations” by Dr. Zhao, et al., Nat Med.

    For more news on cancer updates, research and education, don’t forget to subscribe to CURE®’s newsletters here.

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  • ESMO 2025: Disitamab Vedotin plus Toripalimab Versus Chemotherapy in First-Line Locally Advanced or Metastatic Urothelial Carcinoma (la/mUC) with HER2-Expression – UroToday

    1. ESMO 2025: Disitamab Vedotin plus Toripalimab Versus Chemotherapy in First-Line Locally Advanced or Metastatic Urothelial Carcinoma (la/mUC) with HER2-Expression  UroToday
    2. Loqtorzi Extends Survival in HER2-Positive Advanced Urothelial Cancer  CUREtoday.com
    3. Disitamab Vedotin/Toripalimab Combo Prolongs Survival in Frontline HER2+ Urothelial Cancer  CancerNetwork
    4. RC48-C016: DV + Toripalimab Boosts Survival in HER2+ UC  Oncodaily

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  • Tiragolumab/Atezolizumab/Bevacizumab Fails to Significantly Improve PFS in Advanced/Metastatic HCC

    Tiragolumab/Atezolizumab/Bevacizumab Fails to Significantly Improve PFS in Advanced/Metastatic HCC

    Tiragolumab (MTIG7192A) plus atezolizumab (Tecentriq) and bevacizumab (Avastin) did not provide a statistically significant progression-free survival (PFS) benefit vs placebo plus atezolizumab and bevacizumab in patients with untreated locally advanced or metastatic hepatocellular carcinoma (HCC), according to findings from the phase 3 IMbrave152/SKYSCRAPER-14 study (NCT05904886) that were presented during the 2025 ESMO Congress.

    In turn, the coprimary end point of investigator-assessed PFS was missed. Patients treated with placebo plus atezolizumab and bevacizumab (n = 338) had an investigator-assessed median PFS of 8.2 months (95% CI, 7.0-9.7) vs 8.3 months (95% CI, 7.1-9.8) in patients treated with tiragolumab plus atezolizumab plus bevacizumab (HR, 0.97; 95% CI, 0.8-1.2; stratified log-rank P =.7464).

    Overall survival (OS) data remain immature and are not anticipated to reach statistical significance, according to study authors.

    “These data, now from a double-blind, placebo-controlled study of over 600 patients, confirm the activity of atezolizumab plus bevacizumab in the management of this population, as well as the safety, and moving forward, we will hopefully learn a lot from the study on how to best decide to move forward in advancing care for our patients with HCC,” study author and presenter, Richard S. Finn, MD, stated.

    Finn is a professor of medicine at the David Geffen School of Medicine, UCLA, and director of the UCLA Liver Cancer Program.

    Design and Baseline Characteristics of the IMbrave152/SKYSCRAPER-14 Study

    The IMbrave152/SKYSCRAPER-14 study is a double-blind, placebo-controlled, randomized, global trial that enrolled 669 patients between September 14, 2023, and September 23, 2024. Eligible patients were 18 years of age or older with unresectable locally advanced or metastatic HCC, an ECOG performance status of 0 or 1, and Child-Pugh A liver function.

    Patients were excluded from the study if they had received prior systemic therapy for advanced disease or experienced recurrence within 26 months of completing adjuvant treatment. Patients were randomly assigned 1:1 to receive either tiragolumab at 600 mg plus atezolizumab at 1200 mg plus bevacizumab at 15 mg/kg intravenously (IV) every 3 weeks, or placebo plus atezolizumab at 1200 mg and bevacizumab at 15 mg/kg IV every 3 weeks.

    Treatment continued until loss of clinical benefit or unacceptable toxicity, and crossover was not allowed. Imaging assessments were performed every 6 weeks, with a 1-week margin. Stratification factors included geographic region (Asia and Africa vs the rest of the world, including Japan), macroscopic vascular invasion (MVI) and/or extrahepatic spread (EHS; presence versus absence), baseline AFP level (≥ 400 ng/mL vs < 400 ng/mL), and HCC etiology (viral vs non-viral).

    The study’s primary end points were investigator-assessed PFS per RECIST 1.1 criteria and OS. Key secondary end points included objective response rate (ORR), duration of response (DOR), PFS and OS rates at select time points, safety, and patient-reported outcomes (PROs).

    The baseline characteristics were generally well balanced between the tiragolumab and the placebo arms. The median age for all patients was 44.5 years, with 82.2% of patients aged 65 years or older. The majority of patients were male (87.6% in both arms).

    The most common geographic region was Asia/Asian Pacific/Australia (tiragolumab, 52.0%; placebo, 48.1%), followed by Europe and Middle East/North America (18.7%; 17.5%). Hepatitis B was the most frequent HCC etiology (65.6%; 59.8%), whereas 76.1% of all patients had an ECOG performance status of 0 or 1. Most patients had Barcelona Clinic Liver Cancer (BCLC) stage B or C disease (75.9% overall) and a Child-Pugh score of A5 or A6 (63.5% overall).

    Other key characteristics were similar: macrovascular invasion and/or extrahepatic spread was present in 36.7% of all patients, AFP levels of 400 ng/mL or higher were seen in 25.9% of all patients, and 38.9% of the overall population had received prior local cancer therapy.

    Exploratory Subgroup Analysis

    An exploratory subgroup analysis of 909 patients showed that adding tiragolumab to atezolizumab plus bevacizumab was numerically associated with an improvement in median investigator-assessed PFS of 8.3 months vs 8.2 months (HR, 0.98; 95% CI, 0.8-1.2) compared with the atezolizumab plus bevacizumab arm.

    Treatment benefit varied across prespecified baseline characteristics. Patients with baseline AFP levels less than 400 ng/mL appeared to derive the greatest benefit (HR, 0.74; 95% CI, 0.6-1.0), with a median investigator-assessed PFS of 9.8 months vs 5.5 months in the control arm. Conversely, patients with an ECOG performance score of 1, those in the Americas excluding Japan, those with high MVI and/or EHS (HR, 1.18; 95% CI, 0.9-1.5), and those with a Child-Pugh score A8 (HR, 1.18; 95% CI, 0.8-1.7) appeared to have a diminished or unfavorable treatment effect.

    The median investigator-assessed PFS was longer in the experimental arm for nearly all subgroups, with notable exceptions including HCC etiology of hepatitis C (7.7 months vs 12.8 months) and the Child-Pugh A8 subgroup (4.7 months vs 5.7 months).

    Understanding Additional Outcomes of the IMbrave152/SKYSCRAPER-14 Study

    The ORR was 29.9% for the tiragolumab group with a complete response (CR) rate of 2.1% and a partial response (PR) rate of 27.8%. In the placebo group, the ORR was 26.0%, the CR rate was 1.8%, and the PR rate was 24.3%.

    Among patients receiving the tiragolumab combination, there were 99 responders. Of these, 33.3% of patients experienced a subsequent event. The median DOR was 15.0 months (range,13.9-not estimable [NE]).

    Among those receiving placebo, there were 88 responders. Of these, 38.6% experienced a subsequent event. The median DOR was 13.2 months (range, 10.1-NE).

    Stable disease was reported in 48.0% of patients in the tiragolumab group vs 48.8% of those in the placebo group; progressive disease was reported in 16.3% vs 18.9% of patients, respectively, and the disease control rates were 77.9% vs 74.9%, respectively.

    How Safe Is Tiragolumab Plus Atezolizumab and Bevacizumab?

    The safety profile of the tiragolumab plus atezolizumab and bevacizumab combination (n = 332) was similar to that of the placebo plus atezolizumab and bevacizumab regimen (n = 333), though patients in the tiragolumab arm experienced slightly higher rates of adverse effects (AEs).

    Nearly all patients in both arms reported AEs of any cause (tiragolumab arm, 98.8%; placebo arm, 97.6%). Grade 3/4 AEs were observed in 53.6% of patients in the tiragolumab-treated group, and grade 5 AEs were seen in 8.4% of patients in this arm. The rates of grade 3/4 and grade 5 AEs in the placebo arm were 47.7% and 7.2%, respectively.

    Serious AEs occurred in 45.8% of patients in the tiragolumab arm and 38.4% of those in the placebo arm. Drug-related AEs were reported in 92.8% and 87.1% of patients, respectively. AEs led to withdrawal of tiragolumab in 73.8% of patients receiving it, with 18.4% of those patients requiring systemic corticosteroids. AEs resulted in bevacizumab withdrawal in 64.5% of patients in the tiragolumab group and 60.7% of those in the placebo group.

    Disclosures: Finn reported serving as a Principal Investigator for Merck/Eisai and Roche. He has received research funding from Bristol-Myers Squibb, Merck/Eisai, Pfizer, and Roche/Genentech. His roles as a speaker, consultant, or advisor involve relationships with AstraZeneca, Bristol-Myers Squibb, Chugai, Guerbet, Merck/Eisai, Novartis, Pfizer, Roche/Genentech, and Zai Labs. He is also a steering committee member for Bristol-Myers Squibb, Merck/Eisai, and Roche.

    Reference

    Finn RS, Singal AG, Cheng A, et al. IMbrave152/SKYSCRAPER-14: a phase III study of first-line tiragolumab + atezolizumab + bevacizumab vs placebo + atezolizumab + bevacizumab for patients with untreated locally advanced or metastatic hepatocellular carcinoma. Presented at: 2025 ESMO Congress; October 19, 2025; Berlin, Germany. Abstract LBA50.

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