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Oct 28 2004 Dendreon Skyrockets on Prostate Cancer Drug News

Oct 28 2004 Dendreon Skyrockets on Prostate Cancer Drug News
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Prostate Cancer News
Dendreon Skyrockets on Prostate Cancer Drug News
Source: investors.com

By Val Brickates Kennedy
Last Updated: 10/28/2004 11:20:00 AM
BOSTON (CBS.MW) -- Shares of biotechnology concern Dendreon skyrocketed as much as 40 percent Thursday morning, following news that its prostate cancer drug Provenge proved to be highly effective in late-stage clinical trials.

Dendreon (DNDN) shares were trading up 32 percent at $10.51 Thursday amid a day of mixed trading for the biotechnology and pharmaceutical sectors.

Dendreon said earlier Thursday that its drug Provenge produced unusually high survivability rates in men with advanced prostate cancer during a Phase III clinical trial.

The company asserted that the survivability rate for Provenge is the highest ever observed for a drug for advanced prostate cancer in any Phase III study.

About 30,000 men die of prostate cancer annually in the U.S., according to the company.

Provenge has already been awarded fast-track status by the Food and Drug Administration, meaning that the agency will take only six months to decide whether to approve the drug if and when its final application is submitted.

According to analyst Paul Latta of McAdams, Wright and Ragen, Provenge's strong data will give Dendreon the upper hand in any negotiations with potential pharmaceutical partners interested in marketing the drug.

© 1997-2004 MarketWatch.com, Inc.


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Prostate Cancer News
Dendreon Skyrockets on Prostate Cancer Drug News, prostate cancer drug Provenge proved to be highly effective in late-stage clinical trials.

Mahalo (Thanks)! Keywords: prostate cancer, PSA, PSA (prostate specific antigen), lowering PSA, prostate cancer alternatives, prostate cancer treatments, cancer news, cancerous, diet can fight cancer, exercise can fight cancer, full spectrum light can fight cancer, watchful waiting, cancer alternatives warnings, prostate cancer natural alternatives, prostate cancer information, Recipes to Prevent and Reduce Cancer, Prostate Cancer Alternatives, Benefits of Eating Plants with Good Nutraceuticals and Phytochemicals, Diet and Exercise Can Fight Prostate Cancer, Metastic Prostate Cancer, Lowering Your PSA Naturally! Complementary medicine. Prostate Cancer News
Dendreon Skyrockets on Prostate Cancer Drug News, prostate cancer drug Provenge proved to be highly effective in late-stage clinical trials.
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Last modified: May 07, 2005
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