Health and Healthcare
ASCO Could Make or Break These 7 Cancer Drug Trials
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It is now getting close to the middle of May, and that means one thing for biotech investors. The king of biotech and pharma events is about to take place. The 2016 annual meeting of the American Society of Clinical Oncology (ASCO) is set to run from June 3 to June 7 in Chicago. Some of the main exhibitors at by ASCO are AbbVie, ImmunoGen and Immunomedics.
This conference has the potential to make or break companies, with winners walking away from this event with a nice gain and losers trying to pick up the pieces. For some background. we outlined some of ASCO’s big winners from last year; however, these companies may or may not have repeat performances this year.
Keep in mind that the abstracts for ASCO will not be released until May 18, unless the company has independently released its abstract. There are many more companies just like these that have yet to release their presentation information for ASCO.
24/7 Wall St. wanted to make a log of companies that have already signaled that they will be presenting data or that data will be presented on their behalf at the 2016 ASCO annual meeting. The data follows:
AbbVie Inc. (NYSE: ABBV) plans on presenting long-term data on Rova-T, including overall survival. Also Rova-T recently was selected to be included in the Best of ASCO Program. So far in 2016, AbbVie’s stock is up nearly 10%.
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