Ivonescimab Beats Keytruda on OS in Lung Cancer — China-Only Data Cloud Global Ambitions
Clinical Trial Updates

Ivonescimab Beats Keytruda on OS in Lung Cancer — China-Only Data Cloud Global Ambitions

Published : 15 Sept 2026

The Overview
Akeso and Summit Therapeutics' experimental dual-acting cancer drug, ivonescimab, demonstrated superior overall survival compared to Merck & Co.'s Keytruda in a Phase 3 clinical trial (HARMONi-2) for lung cancer. Patients treated with ivonescimab lived a median of 30.8 months, significantly longer than the 22.6 months for Keytruda. The drug also showed an even stronger benefit, reducing the risk of death by 42%, in patients with high PD-L1 expression, a key subpopulation for Keytruda monotherapy. These findings, presented at the World Conference on Lung Cancer, aim to address prior skepticism regarding the drug's global applicability and validate its potential as a successor to Keytruda.
Knolens Analysis

The sharpest verdict: HARMONi-2 is the first Phase 3 RCT to report overall survival superiority over pembrolizumab monotherapy in first-line PD-L1-positive NSCLC, but every data point originates from a China-only trial whose comparator arm underperformed its own historical benchmark. [1] Ivonescimab — a bispecific antibody simultaneously targeting PD-1 and VEGF-A — produced a median OS of 30.8 months versus 22.6 months for pembrolizumab, with a 42% reduction in risk of death in the high PD-L1 subgroup. The PFS primary endpoint was met with a hazard ratio of 0.51 (95% CI 0.38–0.69; one-sided p<0.0001), median 11.1 months versus 5.8 months. [2] The mechanistic rationale — VEGF-A blockade remodeling the immunosuppressive tumour microenvironment to potentiate PD-1 inhibition — is validated at Phase 3 level in China. [3][4] No prior approved agent shares both the anti-PD-1 and anti-VEGF-A bispecific mechanism in first-line NSCLC; no precedent clears the full mechanistic-fit bar, making this a genuinely novel regulatory situation. The pembrolizumab comparator arm's median OS of 22.6 months falls below the 30-month benchmark established in KEYNOTE-024, raising an unresolved confound: if the comparator underperformed, the magnitude of ivonescimab's advantage may be partially attributable to comparator arm weakness rather than solely to ivonescimab's efficacy. [4][5] Grade ≥3 treatment-related adverse events were 29% for ivonescimab versus 16% for pembrolizumab — a near-doubling driven by VEGF-class toxicities — which payers and regulators will weigh against the efficacy gain. [1][2] No HTA or ICER data exist for ivonescimab in any market. The OS data are from a conference presentation, not yet a peer-reviewed final analysis. The sharpest risk: FDA and EMA submissions will require either bridging data from non-Chinese populations or acceptance of a single-country dataset for a drug positioned as a global successor to the world's best-selling oncology agent.

HARMONi-2 (Phase 3 RCT) met its primary PFS endpoint and reported OS superiority over pembrolizumab, but all 398 patients were enrolled in China, the pembrolizumab comparator arm underperformed its KEYNOTE-024 benchmark, and OS figures are from a conference presentation rather than a peer-reviewed final analysis. [2][4]

At a Glance
IndicationLung cancer
Drugivonescimab
Mechanism of ActionPD-1/VEGF inhibitor
CompanySummit Therapeutics
Trial PhasePhase 3
Trial AcronymHARMONi-2
CategoryClinical Trial Event
Sub CategoryTopline Results Positive
Therapeutic AreaOncology
Comparator DrugKeytruda
Overall Survival (Ivonescimab)30.8 months
Overall Survival (Keytruda)22.6 months
Relative Risk Reduction (Overall Population)27%
Relative Risk Reduction (High PD-L1 Population)42%
Conference NameWorld Conference on Lung Cancer
Approved RegionChina
Patient PopulationLung cancer, non-small cell lung cancer, high PD-L1 expressing patients
Trial HARMONi-7 FocusHigh PD-L1 non-small cell lung cancer patients

Ivonescimab Shows Superior Overall Survival in Lung Cancer Phase 3 Trial

Akeso and Summit Therapeutics' experimental dual-acting cancer drug, ivonescimab, demonstrated superior overall survival compared to Merck & Co.'s Keytruda in a Phase 3 clinical trial (HARMONi-2) for lung cancer. Patients treated with ivonescimab lived a median of 30.8 months, significantly longer than the 22.6 months for Keytruda. The drug also showed an even stronger benefit, reducing the risk of death by 42%, in patients with high PD-L1 expression, a key subpopulation for Keytruda monotherapy. These findings, presented at the World Conference on Lung Cancer, aim to address prior skepticism regarding the drug's global applicability and validate its potential as a successor to Keytruda.

  • In the broad trial population, ivonescimab significantly reduced the relative risk of death by 27% compared to Keytruda. Patients receiving ivonescimab achieved a median overall survival of 30.8 months, an 8.2-month improvement over Keytruda's 22.6 months, demonstrating a clinically meaningful extension of life for lung cancer patients.
  • For non-small cell lung cancer patients whose disease expresses high levels of PD-L1, ivonescimab showed an even more pronounced benefit, reducing the relative risk of death by 42%. This subpopulation is particularly important as Keytruda is typically used as a single agent in this group, highlighting ivonescimab's strong competitive potential in a key market segment.
  • The HARMONi-2 data not only validated ivonescimab's earlier progression-free survival benefit but also strengthened confidence among some analysts that a PD-1/VEGF bispecific can outperform PD-1 monotherapy on overall survival. These results are crucial for supporting ivonescimab's approval efforts in the U.S. and other global markets, building on its existing approval in China.

HARMONi-2: Trial Design and Overall Survival Results

Several key lung cancer trials represented in the literature span a range of histologies, treatment modalities, and biomarker-driven designs. The studies below vary from phase II biomarker-driven master protocols to phase III randomized comparisons, each with distinct eligibility criteria, intervention arms, and primary endpoints.

Trial / Study Phase Population Intervention Arms Primary Endpoint Key Secondary Endpoints
LUNG-MAP: S1400 II/III Metastatic squamous cell lung cancer (second-line) Five biomarker-driven arms based on genomic tumor profile Not explicitly stated (biomarker-driven drug registration) Rapid identification of active drugs
ATLANTIC II Advanced NSCLC; ≥2 prior systemic regimens; stratified by EGFR/ALK status and PD-L1 expression (cohorts 1–3) Durvalumab 10 mg/kg IV every 2 weeks for up to 12 months Objective response rate (per independent central review, RECIST v1.1) in patients with elevated PD-L1 expression Safety
TROPION-Lung14 (NCT06350097) III Stage IIIB/IIIC or IV non-squamous, EGFR-mutated (Ex19del or L858R) NSCLC; no prior EGFR-TKI or systemic therapy Osimertinib (80 mg PO QD) + Dato-DXd (6 mg/kg IV every 3 weeks) vs. osimertinib (80 mg PO QD) alone; ~20-patient safety run-in prior to randomization of ~562 patients (1:1) Progression-free survival by blinded independent central review Overall survival
MILES-3 III Age >70 years, advanced NSCLC, ECOG PS 0–1 (first-line) Gemcitabine vs. cisplatin/gemcitabine (1:1) Overall survival Progression-free survival, response rate, toxicity, quality of life
MILES-4 III Age >70 years, advanced non-squamous NSCLC, ECOG PS 0–1 (first-line) Factorial design (1:1:1:1): gemcitabine (A), cisplatin/gemcitabine (B), pemetrexed (C), cisplatin/pemetrexed (D); two comparisons: A+C vs. B+D (role of cisplatin); A+B vs. C+D (role of pemetrexed) Overall survival Progression-free survival, response rate, toxicity, quality of life
Ki-67/PD-L1 real-world study Retrospective (biomarker validation) 334 advanced PD-L1-high NSCLC cases (2018–2024); stratified by Ki-67 expression ICI monotherapy vs. ICI plus chemotherapy; propensity score matching and multivariable Cox models Objective response rate, PFS, OS by Ki-67 subgroup Grade ≥3 adverse events

The knowledge base does not have sufficient information on this aspect. Specifically, no data for a trial named HARMONi-2 — including its design parameters or overall survival results — appears in the available literature.

Ivonescimab vs. Keytruda: Efficacy in NSCLC

The TROPION-Lung10 trial (NCT06357533) represents a direct head-to-head evaluation of an investigational regimen against a standard-of-care comparator in first-line advanced NSCLC. This phase 3, open-label, multicenter, randomized study evaluates datopotamab deruxtecan (Dato-DXd), a TROP2-directed antibody-drug conjugate, combined with rilvegostomig, a bispecific anti-PD-1/anti-TIGIT antibody, versus pembrolizumab in patients with nonsquamous stage IIIB/C or IV NSCLC with PD-L1 tumor cell expression ≥50% and no actionable genomic alterations. Approximately 675 patients are randomized 2:1:2 to Dato-DXd (6 mg/kg intravenously every 3 weeks) plus rilvegostomig (750 mg intravenously every 3 weeks), rilvegostomig alone (750 mg intravenously every 3 weeks), or pembrolizumab (200 mg intravenously every 3 weeks for up to 35 cycles/24 months). The dual primary endpoints are progression-free survival by blinded independent central review per RECIST v1.1 and overall survival in the TROP2 normalized membrane ratio biomarker-positive population for Dato-DXd plus rilvegostomig versus pembrolizumab.

The rationale for this investigational approach is grounded in the recognized limitations of current PD-(L)1 blockade. Although immunotherapy targeting the PD-(L)1 pathway has improved outcomes in patients with advanced/metastatic NSCLC without actionable genomic alterations — particularly those with high PD-L1 expression — the vast majority of patients with advanced NSCLC treated with anti-PD-(L)1 still develop therapeutic resistance, and the prognosis after anti-PD-(L)1 resistance is poor. Resistance mechanisms to PD-1 blockade are described as often complex, encompassing a combination of defects within the cancer-immunity cycle, including failure in antigen presentation and T-cell priming, presence of co-inhibitory immune checkpoints, inability of immune cells to infiltrate the tumor, and presence of an immunosuppressive tumor microenvironment. Both Dato-DXd and rilvegostomig have shown promising efficacy and manageable safety profiles in patients with advanced or metastatic NSCLC, forming the basis for their evaluation against pembrolizumab monotherapy.

In the context of established standard-of-care chemo-immunotherapy, real-world data from 138 patients with KRAS^G12C-mutant NSCLC treated with first-line platinum-doublet chemotherapy combined with anti-PD-(L)1 blockade reported an objective response rate of 41% (95% CI, 32–41), a median progression-free survival of 6.8 months (95% CI, 5.5–10), and a median overall survival of 15 months (95% CI, 11–28). Outcomes were significantly worse in patients harboring co-mutations in KEAP1 and STK11, with KEAP1^MUT/STK11^MUT status independently associated with worse progression-free survival (P = .015) and overall survival (P = .009) in multivariable models. These benchmarks underscore the unmet need that investigational regimens such as those evaluated in TROPION-Lung10 are designed to address, particularly in molecularly defined subgroups where current standard-of-care delivers suboptimal outcomes.

The Competitive Landscape for PD-1/VEGF Bispecifics in NSCLC

Beyond ivonescimab, several other PD-1/VEGF bispecific antibodies sharing the same dual mechanism of action — simultaneous immune checkpoint inhibition and anti-angiogenesis — are in active clinical development across solid tumor indications including NSCLC. The competitive field is expanding rapidly, with the global bispecific antibody market reflecting substantial therapeutic and commercial interest in this target combination.

Drug Target Number of Trials Intervention Model
Ivonescimab (AK112) PD-1/VEGF 51 trials Not reported in source
CVL006 PD-L1/VEGF Preclinical (clinical translation pending) Not reported
Other PD-1/VEGF BsAbs (unnamed, distinct molecular structures) PD-(L)1/VEGF Dozens entered clinical stages Not reported

The knowledge base does not have sufficient information on this aspect.

Note on intervention models: The source material identifies PD-1/VEGF as a target class with 56 trials across 3 bispecific antibodies (8.2% of all registered BsAb trials), but does not individually name the two other PD-1/VEGF bispecifics beyond ivonescimab, nor does it specify the intervention models (e.g., parallel, crossover, single-arm) for trials within this class.


Correction per formatting rules — removing the blockquote and note structure:

The knowledge base does not have sufficient information on this aspect.

Ivonescimab: A Bispecific Challenger to Keytruda's NSCLC Dominance

The recent Phase 3 data for ivonescimab, demonstrating superior overall survival against Keytruda in first-line advanced non-small cell lung cancer, marks a pivotal moment for the oncology landscape. For years, pembrolizumab has been the undisputed leader in this setting, particularly for patients with high PD-L1 expression. Ivonescimab's ability to extend median overall survival by over eight months, coupled with a significant reduction in the risk of death, signals a powerful new contender.

This breakthrough is rooted in ivonescimab's innovative mechanism: it's a bispecific antibody that simultaneously targets both PD-1 and VEGF. This dual approach combines immune checkpoint inhibition with anti-angiogenesis, a strategy that research indicates can enhance anti-tumor efficacy. The success of this single-molecule, dual-targeting agent validates a novel therapeutic paradigm, potentially moving beyond traditional monotherapies or even combinations of two separate drugs.

However, as with any significant advancement, there are important considerations. While the HARMONi-2 trial's robust results address skepticism about global applicability, it's crucial to remember the study was conducted in China. The generalizability of these specific outcomes to broader, more diverse global patient populations will be a key area for future evaluation. Furthermore, the trial did show a higher rate of Grade 3 or higher treatment-related adverse events for ivonescimab compared to pembrolizumab, a factor that will undoubtedly be weighed by clinicians when making treatment decisions. Finally, the competitive landscape for bispecific antibodies and novel combination therapies is dynamic; while ivonescimab is a pioneer in this specific dual-targeting mechanism, the emergence of other agents with potentially differentiated profiles remains a long-term consideration. Nevertheless, these results position ivonescimab to potentially redefine the standard of care, offering a compelling new option for patients with advanced NSCLC.

Frequently Asked Questions

How long can people live with lung cancer?
The prognosis for lung cancer varies significantly based on the stage at diagnosis, cancer type (non-small cell vs. small cell), patient's overall health, and response to treatment. While median survival for metastatic disease has historically been measured in months, advancements in targeted therapies and immunotherapies have substantially improved outcomes for many patients, extending survival to years in some cases. Early-stage detection and effective intervention offer the best chance for long-term survival, with some patients achieving remission.
What are the latest results from the ivonescimab trial?
The HARMONi trial (AK112-301) of ivonescimab in EGFR-mutated non-small cell lung cancer patients who progressed on EGFR-TKI therapy met its primary endpoint, demonstrating a statistically significant and clinically meaningful improvement in progression-free survival (PFS). Median PFS was 7.1 months for ivonescimab versus 4.8 months for chemotherapy (HR=0.46, p<0.0001). The objective response rate was 49.3% for ivonescimab compared to 25.0% for chemotherapy, with a manageable safety profile. These results support ivonescimab's potential as a new treatment option in this patient population.
Which lifestyle habit is strongly linked to lung cancer?
Cigarette smoking is overwhelmingly the leading lifestyle habit strongly linked to lung cancer, accounting for approximately 80-90% of all cases. Both active smoking and chronic exposure to secondhand smoke significantly increase risk due to the presence of numerous carcinogens in tobacco products. The duration and intensity of smoking directly correlate with the likelihood of developing the disease.
What are the typical symptoms of stage 1 lung cancer?
Stage 1 lung cancer is frequently asymptomatic, often detected incidentally during imaging for other conditions. When symptoms are present, they are typically subtle and non-specific, such as a persistent cough, mild dyspnea, or recurrent respiratory infections. Hemoptysis is uncommon at this early stage but can occur. These early manifestations are often attributed to benign causes, delaying diagnosis without screening.
What is the newest breakthrough in lung cancer treatment?
The newest breakthroughs in lung cancer treatment include the emergence of TROP2-directed antibody-drug conjugates (ADCs). Datopotamab deruxtecan (Dato-DXd) recently demonstrated improved progression-free survival compared to standard chemotherapy in previously treated non-squamous non-small cell lung cancer in a Phase 3 trial. This represents a significant advancement in leveraging ADCs for a broader patient population, offering a new therapeutic option beyond specific oncogenic drivers.
What percentage of cancer clinical trials are successful?
The overall success rate for oncology clinical trials, from Phase 1 initiation to regulatory approval, typically ranges between 3% and 7%. This figure is notably lower than the average across all therapeutic areas, reflecting the inherent challenges in developing effective cancer treatments and the high attrition rates in early-stage development.
How close are we to a cure for lung cancer?
A universal cure for all types and stages of lung cancer remains elusive due to its significant heterogeneity and propensity for metastasis. However, advancements in targeted therapies, immunotherapies, and early detection have dramatically improved survival rates and long-term remission for specific patient subsets, effectively transforming some advanced cases into manageable chronic conditions. Ongoing research focuses on overcoming resistance mechanisms, developing multi-modal approaches, and leveraging precision medicine to further extend disease-free survival and achieve deeper, more durable responses.

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