By Neetha Mahadevan

FRANKFURT--German pharmaceutical company Bayer AG said Thursday it is suspending enrollment into a Phase III trial for its Regorafenib drug for the treatment of colorectal cancer patients due to insufficient patient recruitment.

Regorafenib, also known as Stivarga, was to have been examined for the treatment of colorectal cancer patients following resection of liver metastases. It has already been approved in various countries, including the U.S., Europe and Japan, for the treatment of metastatic colorectal cancer, as well as to treat patients with gastrointestinal stromal tumors.

The study will be closed to further enrolment before the study endpoints can be assessed, Bayer said.

Regorafenib is a compound developed by Bayer and has an agreement with Onyx Pharmaceuticals Inc., an Amgen subsidiary, under which Onyx receives a royalty on all global net sales of regorafenib in oncology.

Write to Neetha Mahadevan at Neetha.Mahadevan@wsj.com

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