Healthcare Business
Medarex & Bristol-Myers Show Positive Metastatic Melanoma Data (BMY, MEDX)
September 15, 2008 9:26 am
There is some very hopeful data out there this morning on cancer survival. Bristol-Myers Squibb Co. (NYSE: BMY) and Medarex, Inc. (NASDAQ: MEDX) have released updated survival data from three Phase II studies of ipilimumab in patients with advanced metastatic melanoma in Stage III or IV levels who had previously been treated showing that approximately half of patients who received ipilimumab remained alive beyond one year.
The results are based on follow-up of the patient population fromstudies 008, 022 and 007 and show a consistent one-year survival ratebetween 47% and 51% as follows:
Currently shares are up over 2% at $7.05. If the markets weren’t doingso poorly today on the bailout mergers and failures in the financialstocks then this might be getting more attention.
Jon C. Ogg
September 15, 2008
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