Cardiff Oncology: The Long-Awaited First-Line MCRC Data Are Here, But The Work Is Just Beginning
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Cardiff Oncology's phase 2 trial of onvansertib in metastatic colorectal cancer (mCRC) shows promising preliminary data with improved response rates. The drug is well tolerated and effective when combined with standard chemotherapy and bevacizumab. However, further validation is needed due to low patient numbers. Cardiff Oncology's recent equity raise extends their cash runway, supporting continued development and reducing immediate financial risk.
December 12, 2024 | 10:45 am
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Cardiff Oncology's phase 2 trial of onvansertib in mCRC shows promising results, but further validation is needed. The company's recent equity raise extends their cash runway, reducing immediate financial risk.
The promising preliminary data from the phase 2 trial of onvansertib in mCRC is a positive development for Cardiff Oncology, potentially increasing investor confidence. The equity raise extends the company's cash runway, reducing immediate financial risk and supporting further drug development. However, the need for further validation due to low patient numbers tempers the immediate impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90