Benzinga | Dec 3, 2021 12:57PM EST

Bayer's Nubeqa Shows Prolonged Survival In Late-Stage Prostate Cancer Trial

* Bayer AG (OTC:BAYRY) said a combination therapy, including its Nubeqa drug, was shown to prolong the lives of men who have metastatic prostate cancer in a clinical study.

* Nubeqa (darolutamide) improved overall survival in combination with standard care compared to standard care alone, which was the trial's primary goal.

* The overall incidence of reported adverse events during the Phase 3 trial was similar between treatment arms.

* Bayer will file the data with regulatory authorities to seek an expansion of the label for Nubeqa, which developed Nubeqa in collaboration with Finland's Orion.

* Darolutamide is approved in multiple markets worldwide for non-metastatic castration-resistant prostate cancer (nmCRPC), who are at high risk of developing metastatic disease.

* Price Action: BAYRY shares are down 2.11% at $12.52 during the market session on the last check Friday.