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Biotech / Medical : Vion (formerly Oncorx) interesting play on Gene Therapy

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To: 9wald9 who wrote (320)2/10/2005 12:48:21 PM
From: Jim Oravetz  Read Replies (1) of 370
 
Vion Agrees With FDA On Phase III Trial Of Cloretazine

DOW JONES NEWSWIRES
February 10, 2005 9:35 a.m.

NEW HAVEN, Conn.-- Vion Pharmaceuticals Inc. (VION) concluded discussions with the Food and Drug Administration on the design of Phase III clinical trials of its lead anticancer agent, Cloretazine, in relapsed acute myelogenous leukemia.

In a press release Thursday, the company, which develops agents for the treatment of cancer, said the Food and Drug Administration provided official evaluation and guidance through a special protocol assessment for Cloretazine's trials.

The company anticipates starting its trials in the first quarter. They will last about 30 months and will take place in several centers in North America and Europe. Trials will evaluate Cloretazine in combination with Ara-C, cytarabine.

Vion posted a loss of $3.9 million, or 7 cents a share, for the fourth quarter, on revenue of $50,000.

Vion shares recently traded at $3.28, down 20 cents or 5.7%. In premarket activity, the stock was listed at $3.40.

Company Web site: vionpharm.com
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