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Biotech / Medical : Biotechnology & Drugs

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To: 2MAR$ who wrote (210)11/25/2003 9:57:17 PM
From: 2MAR$  Read Replies (1) of 232
 
Study Shows Success in a New Use of BIIB/DNA's ---->Rituxan
Wednesday November 12, 6:27 pm ET

By Adam Feuerstein, Senior Writer

BIIB Chart :
stockcharts.com[h,a]waclyyay[pb50!b200][vc60][iUc20!La12,26,9]&pref=G

Updated from Nov. 12

A study investigating long term, or "maintenance" use of the cancer drug Rituxan in patients with low-grade, or indolent non-Hodgkin's lymphoma was halted early due to positive efficacy results, TheStreet.com has learned.

The news is a win for Rituxan's co-marketers Biogen Idec (BIIB - News)and Genentech (NYSE:DNA - News) because the study has the potential to re-energize sales at a time when Rituxan sales growth was slowing. Rituxan sales should exceed $1.5 billion this year, making it the most successful biotech-derived cancer drug ever, but market share already approaches 70%. Biogen and Idec
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