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Biotech / Medical : Biotech & Pharma.T.A, -- Ignore unavailable to you. Want to Upgrade?


To: Jibacoa who wrote (1817)7/9/2007 11:40:01 AM
From: Jibacoa  Respond to of 3722
 
CGRB is holding at the $23 level with little action after the presentation in Switzerland during the weekend.

bigcharts.marketwatch.com

July 8, 2007

Cougar Biotechnology Announces Presentation of Positive CB7630 Clinical Data at ESMO Conference.

Interim Phase II Results Continue to Support the Efficacy of CB7630 in Both Chemotherapy Naïve and Chemotherapy Refractory Prostate Cancer Patients

Los Angeles, CA, July 8, 2007 Cougar Biotechnology, Inc. (OTCBB: CGRB) today announced that positive Phase I and Phase II data on the Company's prostate cancer drug candidate CB7630 (abiraterone acetate) were presented at the European Society for Medical Oncology (ESMO) Conference, which is currently taking place in Lugano, Switzerland.

The data were presented in two oral and poster presentations on Sunday, July 8, as part of the session for genitourinary (prostate) cancer that took place. The poster presentations are further detailed below:

Inhibition of androgen synthesis results in high response rate in castration resistant prostate cancer

The Phase I/II trial of CB7630 was conducted at The Institute of Cancer Research and at The Royal Marsden NHS Foundation Trust in the United Kingdom.

In the trial, CB7630 was administered orally, once daily, to chemotherapy-naïve patients with castration resistant prostate cancer (CRPC), who had progressive disease despite treatment with LHRH analogues and multiple other hormonal therapies. To date, a total of 47 patients have been treated in the Phase I/II trial, including 15 patients treated in the Phase I portion of the trial and 32 patients treated in the Phase II portion of the trial. Of the 38 patients who were evaluable, all of the patients had radiological evidence of metastatic disease. Moreover, all of the patients had previously failed treatment with LHRH analogs and antiandrogens, while 20 patients (53%) had failed treatment with diethylstilboestrol and 19 patients (50%) had failed treatment with steroids.

In her poster and oral presentation, Dr. Alison Reid from The Institute of Cancer Research and The Royal Marsden NHS Foundation Trust in the United Kingdom reported that CB7630 was well tolerated at doses as high as 2000 mg/day with minimal toxicity. Moreover, no dose limiting toxicity has been observed in the trial to date.

In the 38 patients who were evaluable in the Phase I/II trial, 33 patients (87%) experienced a decline in prostate specific antigen (PSA) levels with 23 patients (61%) experiencing a confirmed decline in PSA levels of greater than 50%, and with 10 of the 38 patients (26%) experiencing PSA declines of greater than 90%.

Of the 20 evaluable patients with measurable tumor lesions, treatment with CB7630 resulted in partial radiological responses (as measured by the RECIST criteria) in 11 patients (55%), with 7 patients demonstrating ongoing stable disease and 3 patients experienced regressing bone disease. Individual patients treated with CB7630 also experienced improvement in pain and a reduction in opioid use.

Currently 21 of the 38 patients (55%) in the Phase I/II trial remain on study and are continuing to be treated with CB7630. For the 38 evaluable patients in the trial, the median time to PSA progression has not been reached and is currently estimated to be 252 days (8.4 months).


Abiraterone, an oral, irreversible CYP450c17 enzyme inhibitor appears to have activity in post-docetaxel castration resistant prostate cancer

The Phase II trial of CB7630 in patients with advanced prostate cancer who have failed docetaxel-based chemotherapy is being conducted at numerous locations in the United States and United Kingdom. In the trial, CB7630 is administered orally, once daily, to patients with castration resistant prostate cancer who have failed treatment with androgen deprivation therapy and failed treatment with first line docetaxel-based chemotherapy. To date, a total of 43 patients have been enrolled in the trial.

In his poster and oral presentation, Dr. Gerhardt Attard from The Institute of Cancer Research and The Royal Marsden NHS Foundation Trust in the United Kingdom provided an update on the 30 patients in this Phase II trial who have been treated in the United Kingdom. Of these 30 patients, all of the patients had failed treatment with LHRH analogs and antiandrogens, 21 patients (70%) had failed treatment with steroids and 15 patients (50%) had failed treatment with diethylstilboestrol. Moreover, all of the patients in the study had failed treatment with docetaxel and 10 patients (33%) had failed treatment with an additional cytotoxic agent (mitoxantrone, estramustine, vinorelbine, cyclophosphamide).

Of the 30 patients who have been treated, CB7630 was well tolerated with only minimal toxicity in this post-docetaxel population. In the 21 patients who have been in the study for over 3 months, 10 patients (48%) experienced a confirmed decline in PSA levels of greater than 50% and 2 patients (10%) experienced PSA declines of greater than 90%. Of the 12 evaluable patients with measurable tumor lesions, 2 patients (17%) experienced confirmed partial radiological responses (as measured by the RECIST criteria), 1 patient (8%) experienced an unconfirmed partial response and 5 patients experienced ongoing stable disease (including one patient with a minor response). Individual patients treated with CB7630 also experienced improvement in pain and a reduction in opioid use. Twenty-eight of the 43 patients (65%) enrolled in this trial are still receiving treatment with CB7630.

Dr. Arie S. Belldegrun, M.D., FACS, Vice Chairman of the Board of Directors of Cougar Biotechnology, said, "The data on CB7630 presented at the ESMO Conference is important for several reasons. First, not only does it confirm the earlier signal of clinical activity in second line hormonal therapy patients, but it also for the first time demonstrates that CB7630 is capable of impacting time to progression in patients with metastatic disease. The time to progression data presented in the CB7630 trial compares favorably to that which has been reported for other currently used second line hormonal therapies.

Second, the data provides additional confirmation of CB7630's activity in second line chemotherapy patients. As both addressable patient populations, including second line hormone therapy candidates and second line chemotherapy candidates, continue to represent significant unmet medical needs in CRPC, we believe that CB7630 has strong potential in both of these patient populations."

Alan H. Auerbach, Chief Executive Officer and President of Cougar Biotechnology, added, "We are pleased to be able to present data from both of these CB7630 trials at ESMO. We look forward to continuing to provide updates on these ongoing trials at future cancer conferences and greatly look forward to the continued development of CB7630 in both the second line hormone therapy and second line chemotherapy settings."

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Bernard



To: Jibacoa who wrote (1817)10/15/2007 9:32:14 AM
From: Jibacoa  Read Replies (1) | Respond to of 3722
 
LGND Is trying to get back above the $6 level with the help of some positive news.<g>

bigcharts.marketwatch.com

Ligand Earns Milestone Payment as Wyeth Submits European Market Authorization for Bazedoxifene
Monday October 15, 9:15 am ET

SAN DIEGO--(BUSINESS WIRE)--Ligand Pharmaceuticals Incorporated (NasdaqGM: LGND - News) (the “Company” or “Ligand”) today announced that it has earned from Wyeth (NYSE: WYE - News) a milestone payment of $250,000 as a result of Wyeth’s submission on September 5, 2007, of a Market Authorization Application (MAA) to the European Medicines Agency (EMEA) for approval to market bazedoxifene for the prevention and treatment of osteoporosis.

The milestone payment arises from a December 2005 agreement between the two companies and reflects progress in the development of bazedoxifene, a selective estrogen receptor modulator (SERM).

Bazedoxifene is a synthetic drug that was designed to reduce the risk of osteoporotic fractures while protecting breast and uterine tissues.

Wyeth received an approvable letter from the FDA in April 2007 for the treatment of osteoporosis and submitted a second new drug application (NDA) for bazedoxifene in the U.S. in July 2007 for the prevention of osteoporosis.

“We are very pleased with the excellent progress Wyeth has made advancing bazedoxifene toward regulatory approval in both the U.S. and Europe.

The recent EMEA and FDA submissions illustrate the potential of our strategy to increase shareholder value by partnering with key pharmaceutical companies whose development capabilities capitalize on our strong drug discovery science,” said John L. Higgins, Ligand’s President and Chief Executive Officer.

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The stock split 4x3 in April. The short ratio is around 21x its DAV.<g>

LGND has a good size LTD & trades at > 20x BV, but with some good news it could get back to the $10 level.<g>

bigcharts.marketwatch.com

Bernard