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Large market opportunities being targeted, an example of which is that the global melanoma market for MEK/BRAF inhibitors exceeds $1 billion. The company's vast pipeline and potential to further monetize other assets appeared overlooked, even though just in July it inked a deal with Amgen (NASDAQ:AMGN) to discover and develop drugs for autoimmune disorders with the larger company taking care of clinical development.BEACON CRC Results On September 8th, safety results and initial clinical activity from the safety lead in of the phase 3 BEACON CRC trial were announced. The study is examining the combination of binimetinib, encorafenib, and Erbitux in patients with BRAF mutant colorectal cancer whose disease progressed after one or two prior regimens in the metastatic setting.

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