AVEO Initiates the Evaluation of Tivozanib in Combination with  Bristol-Myers Squibb’s Opdivo® (nivolumab) in Advanced Renal Cell  Carcinoma
    -Phase 1/2 TiNivo Trial to Commence at the Institut Gustave  Roussy in Paris-
   CAMBRIDGE,  Mass.--(BUSINESS WIRE)-- AVEO Oncology (NASDAQ:AVEO) today announced the  initiation of a clinical evaluation of AVEO’s oral, once-daily, vascular  endothelial growth factor (VEGF) tyrosine kinase inhibitor (TKI), tivozanib, in  combination with Bristol-Myers Squibb’s anti-PD-1 therapy, Opdivo® (nivolumab),  in advanced renal cell carcinoma (RCC). Bristol-Myers Squibb will supply  nivolumab for use in the Phase 1/2 AVEO-sponsored TiNivo trial. The trial will  be led by the Institut Gustave Roussy in Paris under the direction of Professor  Bernard Escudier, MD, Chairman of the Genitourinary Oncology Committee.
   The  Phase 1 trial will evaluate tivozanib in combination with nivolumab at  escalating doses of tivozanib in patients with advanced RCC, and will be  followed by an expansion Phase 2 cohort at the established combination dose.
   “The  introduction of immunotherapies has greatly improved outcomes in renal cell  carcinoma, and combination therapy is the obvious next step in advancing  treatment,” said Professor Escudier. “There is already early evidence that  combining VEGF inhibitors with immune checkpoint inhibitors can improve  outcomes, but tolerability of the combination and, in particular, avoiding  overlapping liver toxicities, fatigue and stomach disorders is critical to  ensuring that both therapies can be delivered at effective levels. Tivozanib’s  distinct tolerability profile among VEGF TKIs makes it a potentially unique  candidate for use with nivolumab. I look forward to enrolling this study and to  understanding how this combination translates to the clinic.”
   “Research  suggests that, because VEGF inhibition may limit the presence of  immunosuppressive cells, VEGF therapy may be an ideal primer and a natural  combination for improving the efficacy of anti-PD-1 therapies such as nivolumab,  which are designed to reveal the tumor to the immune system,” said Michael  Needle, MD, chief medical officer of AVEO. “This study has the potential to  unlock a more effective, better tolerated new treatment approach in RCC. We  appreciate Bristol-Myers Squibb’s support for this study, and we look forward to  working with Dr. Escudier and his team to fully understand this potential.”
   About  Tivozanib
   Tivozanib  is an oral, once-daily, vascular endothelial growth factor (VEGF) tyrosine  kinase inhibitor (TKI). It is a potent, selective and long half-life inhibitor  of all three VEGF receptors and is designed to optimize VEGF blockade while  minimizing off-target toxicities, potentially resulting in improved efficacy and  minimal dose modifications. Tivozanib has been investigated in several tumors  types, including renal cell, colorectal and breast cancers.
   About  AVEO
   AVEO  Oncology (AVEO) is a biopharmaceutical company dedicated to advancing a broad  portfolio of targeted therapeutics for oncology and other areas of unmet medical  need. The company is focused on developing and commercializing its lead  candidate tivozanib, a potent, selective, long half-life inhibitor of vascular  endothelial growth factor 1, 2 and 3 receptors, in North America as a treatment  for Renal Cell Carcinoma and other cancers. AVEO is leveraging multiple  partnerships to develop and commercialize tivozanib in non-oncologic indications  worldwide and oncology indications outside of North America, as well as to  progress its pipeline of novel therapeutic candidates in cancer and cachexia  (wasting syndrome). For more information, please visit the company’s website  at  www.aveooncology.com.
   AVEO  Cautionary Note Regarding Forward-Looking Statements
   This  press release contains forward-looking statements of AVEO that involve  substantial risks and uncertainties. All statements, other than statements of  historical fact, contained in this press release are forward-looking statements.  The words “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,” “could,”  “should,” “seek,” or the negative of these terms or other similar expressions,  are intended to identify forward-looking statements, although not all  forward-looking statements contain these identifying words. These  forward-looking statements include, among others, statements about: the  potential efficacy, mechanism of action and tolerability of VEGF inhibitors in  combination with immune checkpoint inhibitors; the potential efficacy and  tolerability of tivozanib as a single agent and in combination with nivolumab;  and the expected development and commercialization of tivozanib. Actual results  or events could differ materially from the plans, intentions and expectations  disclosed in the forward-looking statements that AVEO makes due to a number of  important factors, including risks relating to: AVEO’s ability, and the ability  of its partners, to demonstrate to the satisfaction of applicable regulatory  agencies the safety, efficacy and clinically meaningful benefit of AVEO’s  product candidates; AVEO’s ability, and the ability of its clinical partners, to  successfully enroll and complete clinical trials of its product candidates,  including the TiNivo trial; AVEO’s ability to achieve and maintain compliance  with all regulatory requirements applicable to its product candidates; AVEO’s  ability to obtain and maintain adequate protection for intellectual property  rights relating to its product candidates and technologies; developments,  expenses and outcomes related to AVEO’s ongoing shareholder litigation; AVEO’s  ability to successfully implement its strategic plans; AVEO’s ability to raise  additional funds required to achieve its goals; unplanned capital requirements;  adverse general economic and industry conditions; competitive factors; and those  risks discussed in the section titled “Risk Factors” in AVEO’s most recent  Annual Report on Form 10-K, its quarterly reports on Form 10-Q and its other  filings with the SEC. The forward-looking statements in this press release  represent AVEO’s views as of the date of this press release. AVEO anticipates  that subsequent events and developments may cause its views to change. While  AVEO may elect to update these forward-looking statements at some point in the  future, it specifically disclaims any obligation to do so. You should,  therefore, not rely on these forward-looking statements as representing AVEO’s  views as of any date other than the date of this press release.
   
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   Argot  Partners for AVEO: David Pitts, (212) 600-1902  aveo@argotpartners.com
   Source:  AVEO Oncology |