June 25, 2018

Array gets positive rating from analyst firm, announces latest trial results

BOULDER — Analyst firm Piper Jaffray has named Array Biopharma (Nasdaq: ARRY) overweight and set a price point for $21 per share.

The firm says Array reported an “impressive” one-year survival rate of 62 percent of its latest BEACON phase 3 clinical trial. The trial evaluated the triple combination of encorafenib, binimetini, and cetuximab in patients with a specific mutation of colorectal cancer.

Array announced its results at a June 23 presentation at the World Congress on Gastrointestinal Cancer in Spain.

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Enrollment in a randomized portion of the BEACON trial is ongoing.

BOULDER — Analyst firm Piper Jaffray has named Array Biopharma (Nasdaq: ARRY) overweight and set a price point for $21 per share.

The firm says Array reported an “impressive” one-year survival rate of 62 percent of its latest BEACON phase 3 clinical trial. The trial evaluated the triple combination of encorafenib, binimetini, and cetuximab in patients with a specific mutation of colorectal cancer.

Array announced its results at a June 23 presentation at the World Congress on Gastrointestinal Cancer in Spain.

Enrollment in a randomized portion of the BEACON trial is ongoing.

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