ADVERTISEMENT

A drugmaker that's taking an unconventional approach to cancer drugs just got a $1.5 billion endorsement

Loxo Oncology is building drugs that act on cancerous genetic mutations rather than the type of cancer a person has.

  • Bayer signed a partnership with cancer drugmaker Loxo Oncology in a deal that could be worth up to $1.5 billion.
  • Loxo is developing treatments that act on cancerous genetic mutations, so that the type of cancer someone has wouldn't matter so much as the genetic information gleaned from sequencing the tumor's DNA.
  • The company is planning to file for FDA approval by the end of 2017 or early 2018.
ADVERTISEMENT

A company that's

The idea with these genetically defined cancer treatments is that the type of cancer someone has doesn't matter so much as the genetic information gleaned from sequencing the tumor.

ADVERTISEMENT

But building a treatment that's specific to a genetic mutation is a new approach to treating cancer. Most companies develop treatments for specific types of cancer, like lung cancer or melanoma, and seek approval just for that one kind of tumor at first, before setting up more trials to see how the drug does in other types of cancer.

In May, the FDA approved a drug based on genetics rather than tissue type for the first time, paving the way for others including Loxo.

Bayer said in a release Tuesday that Loxo's planning to file the drug for approval by the end of 2017 or early 2018.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

Best live dealer casino: Top USA live casinos online

Best live dealer casino: Top USA live casinos online

Best real money online casinos USA: Top 10 casino sites in 2024

Best real money online casinos USA: Top 10 casino sites in 2024

OPEC excited about partnership with Namibia

OPEC excited about partnership with Namibia

The US loses to Russia and China in popularity across Africa

The US loses to Russia and China in popularity across Africa

Top 10 most valuable South African brands in 2024

Top 10 most valuable South African brands in 2024

Africa's giants play tug of war for the top economic spot

Africa's giants play tug of war for the top economic spot

Morocco is making giant strides to become Africa's aviation manufacturing hub

Morocco is making giant strides to become Africa's aviation manufacturing hub

Hackers test their ransomwares in less protected regions like Africa before striking richer nations: Report

Hackers test their ransomwares in less protected regions like Africa before striking richer nations: Report

Top social media platforms used for agriculture in Kenya - Survey

Top social media platforms used for agriculture in Kenya - Survey

ADVERTISEMENT