To: IQBAL LATIF who wrote (30458 ) 1/14/2000 5:08:00 AM From: IQBAL LATIF Respond to of 50167
Breakthrough Cancer News for ISIS Pharmaceuticals Reed Williams, MD Isis Pharmaceuticals NASDAQ:ISIP Health Care Quote | News | Snapshot | Charts | SEC | Ratings Jan 13 2000 It looks like a self-fulfilling prophecy. In an article posted here only last week, ISIS Pharmaceuticals ? Down but Not Out, we mentioned that good things were on the horizon for ISIS Pharmaceuticals (ISIP). To many observers, it looked like ISIP was down for the count after December?s crushing blow delivered by halting clinical trials on their promising Crohn?s disease medication. In suitable fashion, the company?s stock was pummeled, losing nearly 70% of its value overnight. How quickly things turn on the announcement of good news. Late in the day yesterday, ISIP announced positive research findings for their antisense drug, ISIS 5132, in the treatment of cancer patients. The finding was released in an article in the latest issue of Clinical Cancer Research. Basically, antisense drugs are designed to block messenger ribonucleic acid (mRNA), one of the basic building blocks for cellular construction. ISIS 5132 was given to 14 patients with advanced cancer. 13 of the 14 patients indicated a dramatic reduction of c-raf-1 mRNA levels, a type of mRNA felt to play a key role in cancer. While there has been speculation that antisense drugs might not work as hoped, this paper showed a good response. Does this promise a cure for cancer? Far from it. This is a significant step in our understanding of cancer, and gives us a potentially important weapon against the disease. Much research must be done to prove out the initial findings, and ensure that there are not any serious adverse side effects. On the news yesterday, the share prices jumped 36% higher in late trading and after hours. This should not be the last of the good news to come out of ISIP?s research pipeline. While we are expecting a restructuring of the company to be announced almost any day, we anticipate more positive events for the company in the months ahead