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Biotech / Medical : CLTR COULTER PHARMACEUTICAL

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To: Vector1 who wrote (443)12/6/1999 10:57:00 PM
From: Vector1   of 666
 
By Stephanie O'Brien, CBS MarketWatch
Last Update: 5:41 PM ET Dec 6, 1999 Movers & Shakers

SAN FRANCISCO (CBS.MW) -- Shares of Coulter Pharmaceutical rose 11.1 percent Monday after the company said its drug Bexxar appears to be effective in treating different types of types of non-Hodgkin's lymphoma when combined with other drugs.


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Updated:
12/6/99 4:00:40 PM ET



Coulter (CLTR: news, msgs) shares rose 1 7/8 to 18 3/4.

Results of the studies, which were in collaboration with SmithKline Beecham (SBH: news, msgs) were reported at the American Society of Hematology Annual Meeting in New Orleans. The data showed high response rates and long periods of cancer remission with Bexxar to treat non-Hodgkin's lymphoma.

"Initial evidence that a therapy is working comes in the form of responses, particularly complete responses," Dr. Julie Vose, vice chair and professor at the University of Nebraska Medical Center. "The response and duration data for Bexxar are compelling and continue to support the promise of this radioimmunotherapy for the treatment of low-grade and transformed low-grade NHL," Vose said.

Earlier this year, Bexxar faced a setback after the U.S. Food and Drug Administration asked Coulter to modify its marketing application for the drug. See full story.


Pharmaceutical giant SmithKline Beecham, whose shares fell 3 1/16 to 66 13/16 during Monday's trading, is a marketing partner for Bexxar.

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