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Phase 3 N=959 Randomized Double-blind Treatment

Safety and Efficacy of Pembrolizumab (MK-3475) Versus Placebo as Adjuvant Therapy in Participants With Hepatocellular Carcinoma (HCC) and Complete Radiological Response After Surgical Resection or Local Ablation (MK-3475-937 / KEYNOTE-937)

Hepatocellular Carcinoma

Enrolled (actual)
959
Serious AEs
17.0%
Results posted
Apr 2026
Primary outcome: Primary: Recurrence-Free Survival (RFS) — 46.7; 45.5 Months — p=0.7190

Study Design & Population

Study type
Interventional
Phase
Phase 3
Interventions
Pembrolizumab (Biological); Placebo (Drug)
Age
Adult, Older Adult · 18+ yrs
Sex
All
Sponsor
Merck Sharp & Dohme LLC
Primary completion
Mar 2025

Outcome Measures

OutcomeResultp-value
PRIMARY
Recurrence-Free Survival (RFS)
46.7; 45.5 0.7190
PRIMARY
Overall Survival (OS)
NA; NA 0.7043
SECONDARY
Number of Participants Who Experienced an Adverse Event (AE)
430; 397
SECONDARY
Number of Participants Who Discontinued Study Treatment Due to an AE
58; 17
SECONDARY
Change From Baseline in European Organization for Research and Treatment of Cancer (EORTC) Quality of Life Questionnaire-Core 30 (QLQ-C30) Combined Global Health Status (GHS) / Quality of Life (QoL) Scale Score
-3.48; -2.13 0.2563
SECONDARY
Change From Baseline in EORTC QLQ-C30 Physical Functioning Scale Score
-1.98; -1.74 0.8165
SECONDARY
Change From Baseline in EORTC QLQ-C30 Role Functioning Scale Score
-1.93; -1.71 0.8714
SECONDARY
Change From Baseline in EORTC QLQ-Hepatocellular Carcinoma Module (EORTC QLQ-HCC18) Abdominal Swelling Scale Score
2.20; 0.86 0.3091
SECONDARY
Change From Baseline in EORTC QLQ-HCC18 Fatigue Scale Score
1.63; 0.96 0.5913
SECONDARY
Change From Baseline in EORTC QLQ-HCC18 Pain Scale Score
2.33; 1.03 0.2318
SECONDARY
Change From Baseline in Visual Analogue Scale (VAS) Score on the European Quality of Life (EuroQoL)-5 Dimensions, 5-level Questionnaire (EQ-5D-5L) Health Utility Score
-3.54; -2.10 0.1356
SECONDARY
Time to Deterioration (TTD) in the EORTC QLQ-C30 Combined GHS / QoL Scale Score
NA; NA 0.2905
SECONDARY
TTD in the EORTC QLQ-C30 Physical Functioning Scale Score
NA; NA 0.5948
SECONDARY
TTD in the EORTC QLQ-C30 Role Functioning Scale Score
NA; NA 0.1906
SECONDARY
TTD in the EORTC QLQ-HCC18 Abdominal Swelling Scale Score
NA; NA 0.8449
SECONDARY
TTD in the EORTC QLQ-HCC18 Fatigue Scale Score
NA; NA 0.7812
SECONDARY
TTD in the EORTC QLQ-HCC18 Pain Scale Score
NA; NA 0.9982

Summary

This study will evaluate the safety and efficacy of pembrolizumab (MK-3475) versus placebo as adjuvant therapy in participants with hepatocellular carcinoma (HCC) and complete radiological response after surgical resection or local ablation. The primary hypotheses of this study are that adjuvant pembrolizumab is superior to placebo with respect to: 1) recurrence-free survival (RFS) as assessed by blinded independent central review (BICR); and 2) overall survival (OS).

Eligibility Criteria

Inclusion Criteria

  • Has a diagnosis of HCC by radiological criteria and/or pathological confirmation.
  • Has an eligibility scan (CT of the chest, triphasic CT scan or MRI of the abdomen, and CT or MRI of the pelvis) confirming complete radiological response ≥4 weeks after complete surgical resection or local ablation. Randomization needs to occur within 12 weeks of the date of surgical resection or local ablation.
  • Has no radiologic evidence of disease prior to enrollment.
  • Has an Eastern Cooperative Oncology Group (ECOG) performance status of 0 or 1 within 7 days prior to Cycle 1, Day 1.
  • Has a Child-Pugh class A liver score (5 to 6 points) within 7 days prior to Cycle 1, Day 1.
  • Has alpha fetoprotein (AFP) concentration lower than 400 ng/mL within 28 days prior to Cycle 1, Day 1.
  • Has controlled hepatitis B (Hep B).
  • Has recovered adequately from toxicity and/or complications from the local intervention (surgical resection or local ablation) prior to starting study treatment.
  • If female, is not pregnant or breastfeeding, and at least one of the following conditions applies: 1) Is not a woman of childbearing potential (WOCBP); or 2) Is a WOCBP and using a contraceptive method that is highly effective or be abstinent from heterosexual intercourse as their preferred and usual lifestyle (a WOCBP must have a negative pregnancy test within 72 hours before the first dose of study treatment).
  • If undergoing surgical resection, has submitted a tumor tissue sample during Screening.
  • Has adequate organ function.

Exclusion Criteria

  • Has a known additional malignancy that is progressing or has required active antineoplastic treatment (including hormonal) or surgery within the past 3 years.
  • Has had esophageal or gastric variceal bleeding within the last 6 months.
  • Has clinically apparent ascites on physical examination.
  • Has had clinically diagnosed hepatic encephalopathy in the last 6 months.
  • Has received local therapy to liver ablation other than with radiofrequency or microwave ablation.
  • Has a history of (noninfectious) pneumonitis/interstitial lung disease that required steroids or has current pneumonitis/interstitial lung disease.
  • Has an active infection requiring systemic therapy.
  • Has dual active Hepatitis B Virus (HBV) and Hepatitis C Virus (HCV) infection at study entry.
  • Has a known history of human immunodeficiency virus (HIV) infection.
  • Has known active tuberculosis (TB; Bacillus tuberculosis).
  • Has received prior therapy with an anti-PD-1, anti-PD-L1, or anti PD-L2 agent or with an agent directed to another stimulatory or co-inhibitory T-cell receptor (eg, CTLA-4, OX-40, CD137).
  • Has received prior systemic anti-cancer therapy for HCC including investigational agents.
  • Is receiving any of the following prohibited concomitant therapies:1) Antineoplastic systemic chemotherapy or biological therapy; 2) Immunotherapy not specified in this protocol; 3) Investigational agents other than pembrolizumab; 4) Radiation therapy; 5) Oncological surgical therapy; or systemic glucocorticoids for any purpose other than to modulate symptoms from an AE that is suspected to have an immunologic etiology.
  • Has received a live vaccine within 30 days prior to the first dose of study treatment.
  • Is currently participating in or has participated in a study of an investigational agent or has used an investigational device within 4 weeks prior to Cycle 1, Day 1.
  • Has a diagnosis of immunodeficiency or is receiving chronic systemic steroid therapy or any other form of immunosuppressive therapy within 7 days prior to Cycle 1, Day 1.
  • Has severe hypersensitivity (≥Grade 3) to pembrolizumab and/or any of its excipients.
  • Has an active autoimmune disease that has required systemic treatment in past 2 years.
  • Has a known psychiatric or substance abuse disorder that would interfere with the participant's ability to cooperate with the requirements of the study.
  • Has had an allogenic tissue/solid organ transplant.
View full record on ClinicalTrials.gov →

Data sourced from ClinicalTrials.gov (NCT03867084). Outcome figures and adverse-event rates are extracted automatically from the registry's posted results and are provided for clinician reference, not as a substitute for the primary publication.

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