Clinical Trials Knowledge Base

Hepatocellular · HCC

42 trials · NCCN Hepatocellular Carcinoma current version · organized by BCLC stage / line-of-therapy · chronological · China / Asia-Pacific data spotlighted

Advanced 1L IO + anti-VEGF 9

SHARP 2008 → IMbrave150 2020 → CARES-310 2023 (China-led) → CheckMate-9DW 2025 — mOS climbed from 10.7 to 23.7 mo across 17 years, with China-led CARES-310 holding longest published mOS 22.1 mo

IMBRAVE150

atezolizumab + bevacizumab vs sorafenib

Primary analysis: mOS NR vs 13.2 mo (HR 0.58, 95% CI 0.42-0.79, p<0.001); mPFS 6.8 vs 4.3 mo (HR 0.59, p<0.001); 12-mo OS 67.2% vs 54.6%; updated analysis (J Hepatol 2022, PMID 34902530): mOS 19.2 vs 13.4 mo (HR 0.66); etiology reported: HBV ~49%, HCV ~21%, non-viral ~30%

Population: Unresectable hepatocellular carcinoma, no prior systemic therapy

ORIENT-32

sintilimab + IBI305 (bevacizumab biosimilar) vs sorafenib

Interim mOS NR vs 10.4 mo (HR 0.57, 95% CI 0.43-0.75, p<0.0001); mPFS 4.6 vs 2.8 mo (HR 0.56, p<0.0001); etiology: **HBV >93%** (China-only cohort, design specified HBV-associated HCC); 6 vs 2 treatment-related deaths

Population: HBV-associated unresectable or metastatic hepatocellular carcinoma in China, no prior systemic therapy

COSMIC-312

cabozantinib 40 mg + atezolizumab (combo arm); cabozantinib 60 mg monotherapy arm vs sorafenib

mPFS 6.8 vs 4.2 mo (HR 0.63, p=0.0012) — PFS endpoint met; interim mOS 15.4 vs 15.5 mo (HR 0.90, p=0.44) — **OS endpoint NOT met**; illustrates PFS/OS disconnect in HCC; etiology HBV ~31%, HCV ~29%, non-viral ~40%

Population: Advanced hepatocellular carcinoma, no prior systemic therapy

HIMALAYA

tremelimumab 300 mg x1 + durvalumab 1500 mg Q4W (STRIDE); durvalumab monotherapy vs sorafenib

STRIDE mOS 16.43 vs sorafenib 13.77 mo (HR 0.78, 96.02% CI 0.65-0.93, p=0.0035); 36-mo OS 30.7% vs 20.2%; durva mono OS 16.56 mo (HR 0.86, noninferior); PFS not significantly different among arms; etiology HBV 31%, HCV 27%, non-viral 41% (approximately equal across regions)

Population: Unresectable hepatocellular carcinoma, no prior systemic therapy

IMBRAVE150-(UPDATED)

atezolizumab + bevacizumab vs sorafenib

Updated mOS 19.2 vs 13.4 mo (HR 0.66, 95% CI 0.52-0.85); mPFS 6.9 vs 4.3 mo (HR 0.65, 95% CI 0.53-0.81); confirms durability of benefit at ~15.6 mo median follow-up

Population: Unresectable hepatocellular carcinoma, no prior systemic therapy (updated analysis, +12 mo follow-up)

CARES-310

camrelizumab + rivoceranib (apatinib) vs sorafenib

mOS 22.1 vs 15.2 mo (HR 0.62, 95% CI 0.49-0.80, p<0.0001) — longest mOS reported in any 1L HCC phase 3 to date; mPFS 5.6 vs 3.7 mo (HR 0.52); etiology HBV ~77% (Asian-dominant enrollment); FDA approved March 2024

Population: Unresectable or metastatic hepatocellular carcinoma, no prior systemic therapy

LEAP-002

lenvatinib + pembrolizumab vs lenvatinib + placebo

mOS 21.2 vs 19.0 mo (HR 0.84, 95% CI 0.71-1.00, p=0.023 — but prespecified threshold was p≤0.019); mPFS 8.2 vs 8.0 mo (HR 0.87, p=0.047 — threshold p≤0.002); **both primary endpoints failed** despite numerical benefit; etiology: HBV 47%, HCV 20%, non-viral 33%

Population: Unresectable hepatocellular carcinoma, Child-Pugh A, no prior systemic therapy

RATIONALE-301

tislelizumab vs sorafenib

mOS 15.9 vs 14.1 mo (HR 0.85, 95.003% CI 0.71-1.02); **noninferiority met, superiority NOT met**; ORR 14.3% vs 5.4%; DoR 36.1 vs 11.0 mo — durable responses striking; mPFS 2.1 vs 3.4 mo (HR 1.11 — tisle numerically worse PFS); etiology HBV ~60% (global multiregional)

Population: Systemic therapy-naive, histologically confirmed hepatocellular carcinoma, BCLC B/C, Child-Pugh A

CHECKMATE-9DW

nivolumab 1 mg/kg + ipilimumab 3 mg/kg Q3W x4, then nivolumab 480 mg Q4W vs investigator's choice lenvatinib or sorafenib

mOS 23.7 vs 20.6 mo (HR 0.79, 95% CI 0.65-0.96, p=0.018); early hazard crossing — first 6 mo HR 1.65 (worse) then HR 0.61 (better); 24-mo OS 49% vs 39%, 36-mo 38% vs 24%; 12 TRAE deaths vs 3 — **doubled treatment-related mortality** warrants careful patient selection; etiology HBV ~35%, HCV ~26%, non-viral ~39%

Population: Unresectable hepatocellular carcinoma, Child-Pugh A, ECOG 0/1, no prior systemic therapy

Second-line and beyond TKI 9

SHARP foundation → RESORCE / CELESTIAL / REACH-2 (AFP-selected precision era); post-IO 2L remains the single largest evidence void in HCC

SHARP

sorafenib 400 mg BID vs placebo

mOS 10.7 vs 7.9 mo (HR 0.69, 95% CI 0.55-0.87, p<0.001); mTTP radiologic 5.5 vs 2.8 mo; no difference in time to symptomatic progression; **~3-month OS improvement was first ever positive systemic Rx in HCC**; predominantly European/Western cohort (HCV ~28%, alcohol ~26%, HBV ~19%)

Population: Advanced hepatocellular carcinoma, no prior systemic therapy

ASIA-PACIFIC-SORAFENIB-(ORIENTAL)

sorafenib 400 mg BID vs placebo

mOS 6.5 vs 4.2 mo (HR 0.68, 95% CI 0.50-0.93, p=0.014); mTTP 2.8 vs 1.4 mo (HR 0.57, p=0.0005); **absolute OS shorter than SHARP (6.5 vs 10.7 mo)** due to Asia-Pacific HBV-dominant, later-stage cohort; etiology: HBV ~73% (vs ~19% in SHARP)

Population: Advanced hepatocellular carcinoma in Asia-Pacific (predominantly HBV), Child-Pugh A, no prior systemic therapy

BRISK-FL

brivanib 800 mg daily vs sorafenib

mOS 9.5 brivanib vs 9.9 sora (HR 1.06, 95.8% CI 0.93-1.22); **noninferiority NOT met** (margin ≤1.08 exceeded); brivanib failed as 1L option despite promising phase 2

Population: Unresectable advanced hepatocellular carcinoma, no prior systemic therapy

LIGHT-(LINIFANIB)

linifanib 17.5 mg/day vs sorafenib

mOS 9.1 linifanib vs 9.8 sorafenib (HR 1.046, 95% CI 0.896-1.221); superiority/noninferiority both NOT met; linifanib higher toxicity burden (grade 3/4 AEs, SAEs, discontinuation all P<0.001 worse)

Population: Advanced hepatocellular carcinoma, no prior systemic therapy

RESORCE

regorafenib 160 mg/day weeks 1-3 of each 4-week cycle + BSC vs placebo + BSC

mOS 10.6 vs 7.8 mo (HR 0.63, 95% CI 0.50-0.79, p<0.0001); **first positive post-sorafenib 2L phase 3 in HCC**; ITT included only sorafenib-tolerant patients (strict selection); etiology HBV 38%, HCV 21%, alcohol 24%

Population: Hepatocellular carcinoma who tolerated sorafenib and progressed on it, Child-Pugh A

CELESTIAL

cabozantinib 60 mg/day vs placebo

mOS 10.2 vs 8.0 mo (HR 0.76, 95% CI 0.63-0.92, p=0.005); mPFS 5.2 vs 1.9 mo (HR 0.44); ORR 4% vs <1%; allowed up to 2 prior lines (broader than REACH-2/RESORCE); etiology HBV 38%, HCV 24%

Population: Previously treated advanced hepatocellular carcinoma after prior sorafenib, up to 2 prior systemic regimens

REFLECT

lenvatinib (12 mg/day if >=60 kg; 8 mg/day if <60 kg) vs sorafenib

mOS 13.6 vs 12.3 mo (HR 0.92, 95% CI 0.79-1.06) — **noninferiority met, superiority NOT met**; lenva superior mPFS 7.4 vs 3.7 mo and ORR 24% vs 9% (mRECIST); different toxicity profiles (lenva=HTN/diarrhea; sora=PPE)

Population: Unresectable hepatocellular carcinoma, Child-Pugh A, no prior systemic therapy

REACH-2

ramucirumab 8 mg/kg IV Q2W + BSC vs placebo + BSC

mOS 8.5 vs 7.3 mo (HR 0.71, 95% CI 0.53-0.95, p=0.0199); mPFS 2.8 vs 1.6 mo (HR 0.45, p<0.0001); biomarker entry: **AFP ≥400 ng/mL** (after REACH in all-comers was negative, HR 0.87); etiology HBV 36%, HCV 26%

Population: Advanced hepatocellular carcinoma with AFP >=400 ng/mL, BCLC B/C, Child-Pugh A, prior 1L sorafenib

AHELP

apatinib 750 mg PO daily vs placebo

mOS 8.7 vs 6.8 mo (HR 0.785, 95% CI 0.617-0.998, p=0.048); modest but statistically significant; Chinese-only cohort; apatinib/rivoceranib = VEGFR2 TKI later used as 1L backbone in CARES-310; etiology **HBV ~82%**

Population: Advanced hepatocellular carcinoma refractory/intolerant to >=1 prior line of systemic chemotherapy or targeted therapy (HBV-endemic Chinese population)

Frontier and special populations 7

CheckMate-040 basket → KEYNOTE-240 global negative → KEYNOTE-394 Asia positive — textbook regional confirmatory trial case; CheckMate-040 nivo mono approval withdrawn 2021 after CM-459 failed

CHECKMATE-040-(NIVO-MONO-COHORT)

nivolumab (3 mg/kg Q2W in expansion)

ORR 20% in dose-expansion (3 mg/kg) including HCV/HBV/non-viral cohorts; durable responses; grade 3/4 TRAEs manageable; **supported FDA accelerated approval Sep 2017** for 2L post-sorafenib (later withdrawn Jul 2021 after CheckMate-459 OS negative and KN-240 did not meet significance)

Population: Advanced hepatocellular carcinoma with or without chronic viral hepatitis (HCV/HBV); sorafenib-untreated/intolerant or sorafenib-progressor; Child-Pugh A (expansion). Single-arm phase 1/2.

KEYNOTE-224

pembrolizumab 200 mg IV Q3W

ORR 17% (95% CI 11-26); 1% CR, 16% PR, 44% SD; grade 3+ TRAE ~24%; supported **FDA accelerated approval Nov 2018** for 2L post-sorafenib HCC; etiology mixed (HBV 22%, HCV 26%, non-viral ~45%)

Population: Advanced hepatocellular carcinoma previously treated with sorafenib (intolerant or progressed), ECOG 0-1, Child-Pugh A. Single-arm phase 2.

CHECKMATE-040-(NIVO+IPI-COHORT)

nivolumab + ipilimumab (arm A: nivo 1 + ipi 3 mg/kg Q3W x4, then nivo 240 mg Q2W); arms B and C: alternate nivo/ipi dosing

Arm A (nivo 1 + ipi 3 mg/kg) ORR 32% (95% CI 20-47); DoR not reached; treatment-related grade 3/4 AE ~50% in arm A; **FDA accelerated approval March 2020** for 2L post-sorafenib HCC based on arm A; similar 12-mo OS ~60% across arms

Population: Advanced hepatocellular carcinoma previously treated with sorafenib. Randomized phase 1/2, three dosing arms (no non-IO comparator).

KEYNOTE-240

pembrolizumab + BSC vs placebo + BSC

mOS 13.9 vs 10.6 mo (HR 0.781, 95% CI 0.611-0.998, p=0.0238) — **did NOT meet prespecified threshold p≤0.0174**; mPFS 3.0 vs 2.8 mo (HR 0.718, p=0.0022 vs threshold p≤0.002 — also missed); despite numerical benefit, trial technically negative; global cohort including Western patients

Population: Advanced hepatocellular carcinoma previously treated with sorafenib

RESCUE

camrelizumab 200 mg Q2W + apatinib 250 mg PO daily

1L ORR 34.3%, mPFS 5.7 mo, 12-mo OS 74.7%; 2L ORR 22.5%, mPFS 5.5 mo, 12-mo OS 68.2%; 77.4% grade 3+ TRAE (high toxicity); etiology **HBV ~82%** (China-only); provided biology rationale for CARES-310 phase 3

Population: Advanced hepatocellular carcinoma, treatment-naive (1L cohort) or refractory/intolerant to prior 1L targeted therapy (2L cohort). Single-arm phase 2.

CHECKMATE-459

nivolumab 240 mg Q2W vs sorafenib

mOS 16.4 vs 14.7 mo (HR 0.85, 95% CI 0.72-1.02, p=0.075) — **did NOT meet prespecified threshold p=0.0419**; numerical benefit but statistically negative; triggered July 2021 FDA accelerated approval withdrawal for 2L nivo mono in HCC

Population: Advanced hepatocellular carcinoma, no prior systemic therapy, Child-Pugh A, ECOG 0/1, regardless of viral hepatitis status

KEYNOTE-394

pembrolizumab 200 mg Q3W + BSC vs placebo + BSC

mOS 14.6 vs 13.0 mo (HR 0.79, 95% CI 0.63-0.99, p=0.0180) — **MET prespecified threshold** (p<0.0193); mPFS 2.6 vs 2.3 mo (HR 0.74, p=0.0032); ORR 12.7% vs 1.3%; **Asia-only cohort** (HBV ~77%), contrast with negative KN-240 global ITT

Population: Asian patients with advanced hepatocellular carcinoma, progression or intolerance to sorafenib or oxaliplatin-based chemotherapy

TACE + IO (intermediate) 4

LEAP-012 2025 + EMERALD-1 2025 both positive — BCLC-B intermediate stage moves from TACE-alone to systemic-therapy-inclusive era in 12 months

SPACE

DEB-TACE + sorafenib 400 mg BID vs DEB-TACE + placebo

mTTP 169 vs 166 d (HR 0.80, P=0.072, NS). DEB-TACE + sorafenib failed to meaningfully improve time-to-progression over DEB-TACE alone. Negative legacy — ended first wave of TKI+TACE enthusiasm.

Population: Intermediate-stage multinodular hepatocellular carcinoma without macrovascular invasion or extrahepatic spread

LAUNCH

lenvatinib + TACE vs lenvatinib alone

mOS 17.8 vs 11.5 mo (HR 0.45, P<0.001); mPFS 10.6 vs 6.4 mo; ORR 54% vs 25%. Proof-of-concept for TKI + TACE before the full IO+TKI+TACE era; largely BCLC-C population (most had MVI).

Population: Advanced hepatocellular carcinoma (BCLC B/C), mostly with portal vein/macrovascular invasion or extrahepatic spread

EMERALD-1

TACE + durvalumab + bevacizumab (primary combo); TACE + durvalumab alone (second active arm) vs TACE + placebo

mPFS 15.0 vs 8.2 mo (HR 0.77, P=0.032) for durva+bev+TACE vs TACE alone. Durva-alone+TACE arm did not beat placebo. First phase 3 to validate IO+anti-VEGF + TACE triplet in intermediate-stage HCC.

Population: Unresectable, embolisation-eligible hepatocellular carcinoma

LEAP-012

TACE + lenvatinib + pembrolizumab vs TACE + dual placebo

mPFS 14.6 vs 10.0 mo (HR 0.66, P=0.0002); 24-mo OS 75% vs 69% (HR 0.80, NS at first interim). First positive global phase 3 of TACE + IO + TKI in intermediate-stage HCC. Asian population 72%.

Population: Unresectable, non-metastatic hepatocellular carcinoma

Locoregional & early-stage 7

Chen 2006 → SURF 2024 18-year RFA-vs-surgery debate; SARAH / SIRveNIB answered Y-90 SIRT positioning; HAIC (SoraHAIC / FOHAIC-1) is Asia-Pacific clinical specialty

CHEN-2006-RFA-VS-RESECTION

percutaneous local ablative therapy (RFA-based) vs surgical resection (partial hepatectomy)

4y OS 67.9% (RFA/PLAT) vs 64.0% (resection), NS. First Asian RCT showing RFA non-inferior to resection for small HCC. Chinese center.

Population: Solitary hepatocellular carcinoma <=5 cm

HUANG-2010-RFA-VS-RESECTION

radiofrequency ablation vs surgical resection

5y OS 54.78% (RFA) vs 75.65% (resection), P=0.001 — resection SUPERIOR to RFA in Milan-criteria HCC. Opposite conclusion from Chen 2006.

Population: Hepatocellular carcinoma meeting Milan criteria

SIRVENIB

SIRT with yttrium-90 resin microspheres vs sorafenib

Protocol paper for SIRveNIB — the companion Asia-Pacific trial to SARAH. Final readout (Chow 2018 JCO, PMID 29498924): mOS 8.8 vs 10.0 mo, HR 1.1, NS. Also negative for Y-90 superiority over sorafenib.

Population: Locally advanced hepatocellular carcinoma without extrahepatic disease, not suitable for surgery/transplant/ablation (Asia-Pacific)

SARAH

SIRT with yttrium-90 resin microspheres vs sorafenib 400 mg BID

mOS 8.0 vs 9.9 mo (HR 1.15, P=0.18) — Y-90 SIRT NOT superior to sorafenib in locally advanced HCC. Negative trial for SIRT as systemic alternative.

Population: Locally advanced or inoperable hepatocellular carcinoma (French multicentre)

SORAHAIC

sorafenib + HAIC FOLFOX (oxaliplatin, 5-FU, leucovorin) vs sorafenib alone

mOS 13.37 vs 7.13 mo (HR 0.35, P<0.001); ORR 40.8% vs 2.46%. Transforms HAIC from fringe to mainstream locoregional option in China for HCC with PVI.

Population: Hepatocellular carcinoma with portal vein invasion (Chinese multicentre)

FOHAIC-1

HAIC FOLFOX (oxaliplatin + 5-FU) vs sorafenib

mOS 13.9 vs 8.2 mo (HR 0.41, P<0.001) — HAIC-FOLFOX beats sorafenib head-to-head in advanced HCC. Biomarkers ATP7A/B identified.

Population: Advanced hepatocellular carcinoma, predominantly with macrovascular invasion or extrahepatic spread (Chinese multicentre)

SURF-TRIAL

radiofrequency ablation vs surgical resection

Median RFS 3.5y (surgery) vs 3.0y (RFA), NS. Japanese Milan-subset RCT agrees with Chen 2006, disagrees with Huang 2010 on primary endpoint.

Population: Small hepatocellular carcinoma: <=3 nodules, each <=3 cm (Japanese multicentre)

Perioperative / adjuvant 6

STORM 2015 adjuvant sorafenib negative → IMbrave050 2023 first positive RFS (HR 0.72) → 2026 longer follow-up walks back — textbook 'early readout ≠ final conclusion' case

STORM

adjuvant sorafenib vs placebo

Median RFS 33.3 vs 33.7 mo (HR 0.940, P=0.26, NS). Sorafenib adds no adjuvant benefit after curative-intent resection/ablation. Clear negative trial.

Population: Hepatocellular carcinoma after curative resection or ablation

KASEB-MDACC-PERIOPERATIVE

perioperative nivolumab + ipilimumab vs perioperative nivolumab monotherapy

ORR 23% (nivo-mono) vs 0% (nivo+ipi) by RECIST; MPR 23% vs 21%. Combo had higher G3-4 AE. Small phase 2 — signal-generating for perioperative IO in resectable HCC.

Population: Resectable hepatocellular carcinoma

MARRON-CEMIPLIMAB-NEOADJUVANT

neoadjuvant cemiplimab 350 mg IV Q3W x2 cycles before resection, then 8 adjuvant cycles

4/20 (20%) achieved >70% pathological tumour necrosis with 2 cycles neoadjuvant cemiplimab; 15% radiographic PR. First published phase 2 of single-agent PD-1 neoadjuvant in resectable HCC.

Population: Resectable hepatocellular carcinoma. Single-arm phase 2 (Mount Sinai).

IMBRAVE050

adjuvant atezolizumab + bevacizumab x 12 months vs active surveillance

RFS HR 0.72 (95% CI 0.53-0.98, P=0.012) at interim — first positive phase 3 of adjuvant therapy in HCC. Grade 3-4 AE 41% vs 13%.

Population: High-risk hepatocellular carcinoma after curative-intent resection or ablation

KASEB-BIOMARKER-ANALYSIS

neoadjuvant nivolumab +/- ipilimumab (biomarker substudy)

MPR responders had ↑ intratumoral CD8 (+26.9%), granzyme B (+15.6%), PD-1 (+20.2%) post-treatment. Baseline tumour size and dynamic immune infiltration as candidate predictive biomarkers for perioperative IO response.

Population: Biopsy-proven resectable hepatocellular carcinoma (N=18 biomarker substudy of Kaseb 2022 Lancet Gastroenterol Hepatol trial)

IMBRAVE050-UPDATED

adjuvant atezolizumab + bevacizumab x 12 months vs active surveillance

Updated RFS HR 0.90 (95% CI 0.72-1.12) — benefit NOT sustained; OS HR 1.26 (95% CI 0.85-1.87) trending adverse. Initial positive readout (HR 0.72) reverted with maturity. Indication withdrawn 2024.

Population: High-risk hepatocellular carcinoma after curative-intent resection or ablation (updated analysis)