Aim: To evaluate pharmacokinetics, efficacy and safety of fixed-dose combination (FDC) of oral capecitabine þ cyclophosphamide in metastatic breast cancer (MBC) patients progressing after anthracycline and/or taxane chemotherapy. Methods: In this prospective, adaptive, phase-2/3, open-label study (CTRI/2014/12/005234), patients were randomized (1:1:1) to three FDC doses (doses/day: D1, capecitabine þ cyclophosphamide 1400 mg þ 60 mg; D2, 1800 mg þ 80 mg; D3, 2200 mg þ 100 mg) for 14 days, in 21-day cycles. In Part-I, multiple-dose pharmacokinetics and optimal dose(s) were evaluated with futility analysis. Group(s) with <3 responders based on best overall response rate (BOR, complete response [CR]þpartial response [PR]), were discontinued. Efficacy (BOR, disease control rates [DCR; CR þ PR þ stable disease]) and safety of optimal dose(s) were evaluated in Part-II. Results: Of 66 patients (n ¼ 22/group) in Part-I, pharmacokinetics (D1 ¼ 7/22, D2 ¼ 9/22, D3 ¼ 8/22) showed dose-proportionality for cyclophosphamide and greater than dose-proportionality for capecitabine. Modified intent-to-treat (mITT) analysis showed BOR of 7.14% (1/14) in D1 (discontinued), and 22.22% (4/18) each in D2 and D3, respectively. In Part-II, 50 additional patients were randomized in D2 and D3 (n ¼ 144; total 72 [22 þ 50] patients/group). mITT analysis in D2 (n ¼ 54) and D3 (n ¼ 58) showed BOR of 29.63% (16/54, 95%CI: 17.45e41.81%) and 22.41% (13/58, 95%CI: 11.68e33.15%), respectively. DCR in D2 and D3 were 87.04% (47/54, 95%CI: 78.08e96.00%) and 82.76% (48/58; 95%CI: 73.04e92.48%) after 3 and 57.41% (31/54; 95%CI: 52.41e79.50%) and 50.00% (29/58; 95%CI: 40.40e67.00%), after 6-cycles, respectively. Hand-foot syndrome (16.67%), vomiting (9.72%) in D2, and hand-foot syndrome (18.06%), asthenia (15.28%) in D3 were most-common adverse events.