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Akeso and U.S. partner Summit Therapeutics presented phase III HARMONi-6 data at the American Society of Clinical Oncology showing ivonescimab plus chemotherapy cut the risk of death by 34% versus BeOneâs tislelizumab (Tevimbra) plus chemotherapy in 532 Chinese patients with advanced squamous non-small cell lung cancer.
Median overall survival was 27.9 months versus 23.7 months.
The bispecific PD-1/VEGF antibody was selected for ASCOâs plenary session, the first China-originated investigational oncology drug so featured.
Analysts hailed the result as clinically meaningful but flagged concerns: the study was conducted solely in China in a predominantly male, smoking-linked squamous population, showed a weaker survival signal in patients aged 65+, and had limited follow-up.
Summit holds ex-China rights under a deal worth up to $5 billion; a global HARMONi-3 trial and an ongoing U.S. regulatory pathway (FDA target action date for an EGFR indication in November 2026) will be decisive for Western approvals.
Market reaction was mixedâSummit shares fell after initial swings and Akesoâs Hong Kong stock slippedâreflecting investor caution about translatability and commercial prospects despite the potentially large NSCLC market opportunity.
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đ°ď¸ The Story So Far: An Evolving Timeline
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