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To: Machaon who wrote (20006)5/4/1998 12:40:00 PM
From: Henry Niman  Read Replies (2) | Respond to of 32384
 
CNN will have a Cancer Special tonight:
Early Edition

A New Class of Drugs Lead the Way in Cancer
Research

Aired May 4, 1998 - 8:01 a.m. ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE
IN ITS FINAL FORM AND MAY BE UPDATED.

DONNA KELLEY, CNN ANCHOR: A promising two-step drug
treatment has researchers suggesting that we may completely change
the way that we treat cancer.

CNN's medical correspondent, Dr. Steve Salvatore explains.

(BEGIN VIDEOTAPE)

DR. STEVE SALVATORE, CNN MEDICAL
CORRESPONDENT (voice-over): A new class of drugs called
angio-genesis (ph) inhibiters are leading the way in cancer research.

Scientists from Children's Hospital in Boston say two of these
inhibiters, called angio-station (ph) and endo-staton (ph), have
eradicated cancer in mice. But they remain cautiously optimistic.

DR. JUDAH FOLKMAN, CHILDREN'S HOSPITAL: While it
may be a year or two or three more years before they're ready for
clinical use, the principles are now established in mice, and the hope
is that this will translate to people.

SALVATORE: Angio-genesis inhibitors target specific molecules
that feed and support cancer cells. As cancer tumors grow, they
develop blood vessels to feed and nourish themselves making the
tumor grow larger.

Angio-genesis inhibitors are proteins that can shut off the blood
supply to these tumors. Once the blood supply is cut off, the tumor
will shrink in size, and in some cases, be eliminated completely.

DR. KLAUSNER, NATIONAL CANCER INSTITUTE: The idea
is to treat those blood vessels rather than the tumor, and then starve
the tumor to death.

SALVATORE: What's even more exciting to researchers is that
these drugs, unlike other cancer treatments, may work for all
cancers.

KLAUSNER: All tumors in the mouse, regardless of whether
they're even leukemias or solid tumors and solid tumors from a
whole variety of tissues, they all seem to be sensitive to the same
anti angio- genesis approaches.

SALVATORE: And unlike traditional chemotherapy and radiation,
angio-genesis therapy is relatively nontoxic. But researchers are
quick to remind us that when it comes to cancer, what happens in
mice doesn't always happen in humans.

DR. MICHAEL O'REILLY, CHILDREN'S HOSPITAL OF
BOSTON: A lot of drugs that work in mice never make it into
clinical trials or for patients, and there are a number of reasons why
that can be.

SALVATORE: Angio-genesis inhibitors mark a new era in the
treatment of cancer. Researchers are hopeful these drugs will one
day replace traditional chemotherapy and radiation. Human testing
will start within the year.

(END VIDEOTAPE)

KELLEY: Our discussion from Washington is -- from New York
rather is -- Dr. Steve Salvatore. Dr. Salvatore, there's a Nobel
laureate who says that -- he is directing a cancer research center in
New York, and he says he's going to cure -- the guy who
discovered this is going to cure cancer in two years. Is this a cure?

SALVATORE: Well, actually, the word "cure" to cancer
researchers is really a four letter word. They really don't like to use
it that often until they're really, really sure.

You have to remember that in cancer research, especially in cancer
research, this step from mice to humans doesn't always pan out as
great as they found. But this research really is exciting. It's very, very
dramatic.

Angio-genesis inhibitors have been around for a little while, recently
discovered. But now, these two seem to have very, very strong
findings in mice, and we're hoping -- we're actually hoping very
strongly, they'll have the same results in humans. But not always
sure. It's a big step.

KELLEY: Yes, a lot of researchers have been cautiously optimistic
before. As you look down the road, what do you see the best
hope?

SALVATORE: The best hope in cancer research actually is a
number of different bio-therapeutic treatments. This is only the
beginning of new look at cancer.

Now we can -- scientists are looking at ways to destroy the cancer
tumor itself. They're looking at how it works on a molecular level
down at the level of the cell. So as opposed to traditional
chemotherapy where you basically wipe out many cells in the body
-- healthy and unhealthy -- and sometimes make the patients very,
sick, this is a treatment that just attacks the tumor. So that looks to
be where the future is going with cancer research.

KELLEY: And joining our discussion from Washington is Dr. James
Pluda. He is with the National Cancer Institute and will be part of
the team testing the new cancer fighting drugs on humans.

Dr. Pluda, good morning.

DR. JAMES PLUDA, NATIONAL CANCER INSTITUTE:
Good morning.

KELLEY: How hopeful are you?

PLUDA: Oh, I'm very cautiously optimistic.

KELLEY: Yes, and what do you see coming down the road? Why
is this so different from what we've done before? Why is this causing
cautious optimism and some folks even going beyond that and
saying that perhaps it could be a cure in two years?

PLUDA: Well, it's a new paradigm. In the past, all of our therapies
have been aimed at the cancer cell itself. This time, we're actually
targeting normal blood vessel cells that grow out from blood vessels
in people to nourish the cancer cells.

So, it's a new way of treating the cells. It appears that, so far in the
mice, that it's going to be very non-toxic; that is, there won't be any
side effects. And it actually made the tumors shrink and disappear
completely, and there did not appear to be any resistance.

KELLEY: And, Dr. Salvatore, why don't you go ahead and join our
discussion, as well, so we can have doctor talk to doctor. You go
right ahead.

SALVATORE: Sure, Dr. Pluda, the one thing we wanted to know
is why can't we start testing right away on humans? There are
people that are terminal. People always want to know this. I mean,
this is the classic argument from AIDS patients. You know, they
say, I'm dying today. Why do I have to wait? Why is it that cancer
patients that are terminal have to wait? What's the problem?

PLUDA: Well, it's one thing to make very small amounts of drug in
order to treat mice. It's another thing to be able to make the very
large quantities of these agents that are going to be necessary to give
to human beings in long-term clinical trials.

SALVATORE: So is it more realistic to think that maybe in the
future cancer will be treated as, say, a chronic disease like diabetes,
where you might get diagnosed with cancer and then be able to get
some kind of therapy to kind of keep it in control, as opposed to
maybe getting cancer like today when people get diagnosed, and in
turn, it's really a death sentence for many people? Is that more
realistic to hope than, say, a cure?

PLUDA: Well, I think with these types of agents, that's a very
realistic analogy and something that we can honestly hope to
achieve.

SALVATORE: Are there any other things around the horizon that
you know of besides angio-genesis inhibitors. I know there is anti-
sense therapy and gene therapy and cancer vaccines. Do those
things look promising, as well?

PLUDA: Well, these things all look promising. But, again, as has
been stated, the movement from treatments in mice to treatments in
people is always fraught with peril and the possibility that they won't
be as effective.

KELLEY: Dr. Pluda, effective against all kinds of cancer?

PLUDA: Well, since in order for tumors to grow and spread, they
need to make blood vessels, one of the very nice things about the
anti angio-genesis therapy is that, yes, it may have activity against
basically all cancers. To date, Dr. Folkman has yet to find a tumor
that does not respond in mice to these treatments.

KELLEY: Can you tell us a little bit more about the human trials that
you started to? I'm curious. We were seeing some reports that said
perhaps by the end of this year, you might have some patients in
human trials.

PLUDA: Well, what we're -- we're working very hard at the
National Cancer Institute with the drug companies that are making
these drugs, as well, to try and produce drugs for human clinical
trials. And if all goes well, we're hoping to be able to get some of
these agents into the clinic very early next year.

KELLEY: All right. Dr. James Pluda, who is with the National
Cancer Institute, and our Dr. Steve Salvatore in New York, thank
you both very much.

PLUDA: Thank you.

KELLEY: And coming up tonight, we'll take an in depth look at the
latest developments in fighting this deadly disease in a CNN Special
Report, "The Battle Against Cancer: Hopeful Signs." That's tonight
at 8:00 p.m. Eastern, 5:00 Pacific.



To: Machaon who wrote (20006)5/4/1998 12:45:00 PM
From: tonyt  Read Replies (1) | Respond to of 32384
 
How many posts are there on the ENMD thread? Do they have a home page?



To: Machaon who wrote (20006)5/5/1998 6:45:00 AM
From: Henry Niman  Respond to of 32384
 
Here's what the NY Times had to say about ENMD and Biotechs this morning:
By LAWRENCE M. FISHER

Some small biotechnology companies that have watched the big drug stocks soar over the last
year had their turn Monday as hopes grew for a new cancer treatment.

The catalyst was Entremed Inc.; its shares skyrocketed on news that the company had two
compounds in development that in combination could eradicate human tumors in laboratory mice. An
article on the findings appeared in The New York Times on Sunday.

Stock analysts sought to remind investors Monday that other drugs successful in the laboratory had
failed in humans and that the progression of even the most successful biotechnology drug from
discovery to market is rarely a straight line.

Entremed has found that the two substances -- angiostatin and endostatin, which are naturally
occurring in humans -- together interfere with the blood supply to tumors, make the tumors shrink
and disappear, and prevent their return. The compounds were discovered by Dr. Judah Folkman, a
cancer researcher at Children's Hospital in Boston.

The drugs are in a class of molecules known as anti-angiogenesis compounds, a research area that
has been pursued by large pharmaceutical and small biotechnology companies for several years.
While Entremed is a year away from starting clinical trials in people, some anti-angiogenesis drugs
are further along. A related class of drugs, known as matrix metalloproteinase inhibitors, which
disable an enzyme that tumors use to invade surrounding tissues, is also advancing.

Stocks of many small companies involved with these drugs shared in the euphoria surrounding
Entremed, which closed Friday at $51.8125, more than four times its $12.0625 closing price on
Friday. The most neglected companies of recent months showed the greatest percentage gains.
Immunogen closed at $2.31, up 78 cents, or 51 percent; Boston Life Sciences finished at $7.59, up
$5.47, or 257 percent; Repligen was at $3, up $1.53, or 104 percent; Sugen closed at $16.44, up
$2.81, or 20 percent; Imclone Systems ended trading at $10, up $1.25, or 14 percent, and
Magainin was at $8.19, up $2.25, or 38 percent.

Companies with drugs in the later stages of development got less of a boost. Genentech fell 44 cents,
to $68.50, despite having one of the broadest pipelines of cancer drugs, including an
anti-angiogenesis compound. Agouron Pharmaceuticals, which is testing a matrix metalloproteinase
inhibitor, closed at $34.38, up $1, while British Biotech, which has a similar drug in clinical trials,
closed at $13.50, up $2.

"The Entremed thing was overdone, but this is going to be an important area," said Jim McCamant,
editor of Medical Technology Stock Letter. The biotechnology company with the broadest effort in
anti-angiogenesis, he said, is Imclone Systems, a New York company that is pursuing three
approaches.

McCamant cautioned that animal data give no guarantee of success. "Immunogen announced
superior mouse data back in April 1997," he said. "Genentech announced encouraging data in this
area 15 years ago, using tumor necrosis factor in mice. Unfortunately, in large quantities, it proved
toxic to humans."

Anti-angiogenesis is by no means the exclusive province of the smaller companies. Entremed is a
partner with Bristol-Myers Squibb, the dominant player in cancer chemotherapy drugs, to develop
angiostatin, and is seeking a partner for endostatin. Bristol-Myers has its own internal development
program in such drugs, as do Zeneca, Takeida and other big pharmaceutical companies.



To: Machaon who wrote (20006)5/5/1998 6:49:00 AM
From: Henry Niman  Respond to of 32384
 
Here's what today's NY Times had to say about ENMD's compounds:
May 5, 1998

Cancer Drug Faces Years of Testing; Hope Is Instantaneous

Related Articles
Drug Stock Joins List of Wall Street's Wildest
Smaller Biotechnology Stocks Stage a Spirited Catch-Up Rally
Two Drugs Eradicate Tumors in Mice (May 3)

By IAN FISHER

EW YORK -- Dr. Larry Norton, a prominent oncologist in New York City, received a
telephone call at his home at 7:30 a.m. Monday from a rich and very sick man.

"Would a large infusion of cash," the patient asked, "be able to get me the drug any quicker?"

The patient was referring not to one but two drugs -- angiostatin and endostatin -- that have long
stirred cautious excitement in the world of cancer research. Now that excitement -- less cautious and
steeped in the hope of the sick and dying -- appears to be flooding out of the laboratory after
reports that the earliest tests involving the drugs have eradicated tumors in mice with no side effects.

On Monday, the stock price of Entremed, the small Maryland biotech company formed to make and
market the drugs, rose $39.75 to $51.81 -- and was trading briefly at over $80 a share. The price
climbed by a factor of six in the first two minutes after the market opened at 9:30 a.m., and it
continued throughout the day, making it perhaps the most chaotic day for any stock in years. Nor
was the interest in biotechnology companies limited to Entremed, as many small companies shared in
the surge of interest about promising cancer treatments.

Many, but by no means all, cancer institutes, doctors and support groups for cancer patients
reported a surge of phone calls from people desperate to merely curious. Chat rooms on the Internet
were filled with heartbreaking talk: "If this proves to be the thing that could have cured my baby,"
wrote one man whose daughter has cancer, "it will be devastating to me."

For Norton, the interest is double edged. On one hand, he said, it is good that cancer patients and
the public learn about the research, which has been carried out for several years.

But on the other, he worries that cancer patients will put too much stock in a treatment that has not
been proved on anything but mice, and often medicines that work on mice do not help humans. Just
Monday, he said a patient who had been operated on for breast cancer asked why she should go
through post-operative chemotherapy that would help her when the new drug -- she was certain --
would be on the market within a few years.

"This happens every time there is a scientific report about something that has to do with cancer," said
Norton, head of the division of medical oncology at Memorial Sloan-Kettering Hospital in
Manhattan. "People's expectations get really inflated.

"You have to understand," Norton added. "I am hopeful this is going to turn out to be justified. This
is a very exciting idea. Nevertheless we don't have any hard data."

The spike in interest came after an article in The New York Times on Sunday -- followed by other
newspaper and television reports -- on the history and progress of the drugs as they are being
prepared to go into clinical trials on humans.

Entremed, the company that will produce the drugs, released a statement Monday that it will take
between 12 and 18 months before the first stages of the trials begins. With evaluation and further
rounds of testing, it could take several years before the drugs are available on the market -- if they
become available at all.

Several cancer experts said Monday that the trials could be especially complicated given that the
new drugs work on a principle unlike other treatments, like chemotherapy, which attack the tumors
themselves and are often accompanied with side effects. Angiostatin and endostatin attack the blood
vessels that feed tumors, starving them of the blood they need to grow, and in mice, have done so
without the side effects.

The drugs were discovered by Dr. Judah Folkman, a cancer researcher at Children's Hospital in
Boston, and even he has urged caution about its promise. But for all the qualifications and warnings
about possible failure, hope is rising among cancer patients.

"I'm getting faxes and e-mails," said Dr. Richard Klausner, director of the National Cancer Institute,
who called putting the drugs into clinical trials his highest priority. "People want the drug. They're
asking me, 'Couldn't we just compassionately release it?' I have to tell them, 'It doesn't exist.' "

"It's such a roller coaster for people whose relatives are dying," he added. "It's very difficult to
maintain understanding when something is available in animals but not in people."

On Long Island, where the rates of breast cancer are higher than average, Francine Kritchek,
co-founder and past president of One in Nine, an advocacy organization, said: "The phone has been
ringing off the hook. Everyone is very excited."

"We're very, very impatient about the process," she added. "We hope to see it speeded up. We
would like to see the pharmaceutical companies that are making this drug really make it a top priority
so that clinical trials will begin. they're playing with people's lives here."

In California, Jack Fisher of the Sacramento Center for Hematology and Medical Oncology, said
Monday that a woman with lymphoma in remission had asked him about the drugs after reading
about them.

"She was very excited about it," he said, adding that he told her: "Maybe in three years, I'll have this
available."

"What we're doing with chemo will look so crude" in 20 years if the tests are successful, Fisher
predicted.

In Los Angeles, Dr. Derek Raghavan, chief of medical oncology at the University of Southern
California and associate director of the Norris Cancer Research Center, said that several of his
patients asked about the new cancer drugs during examinations Monday.

"They did not ask for them by name, but expressed interest in whether they ware useful in their
situation, whether they are safe and whether they are cancer killers or cancer stoppers," he said.
"Patients are interested and they are very educated these days."



To: Machaon who wrote (20006)5/5/1998 6:53:00 AM
From: Henry Niman  Respond to of 32384
 
Here's what the NY Times had to say about order execution:
May 5, 1998

Drug Stock Joins List of Wall Street's Wildest

Related Articles
Cancer Drug Faces Years of Testing; Hope Is Instantaneous
Smaller Biotechnology Stocks Stage a Spirited Catch-Up Rally
Monday's Stocks: Dow Hits New High
Two Drugs Eradicate Tumors in Mice (May 3)

Forum
Join a Discussion on The Stock Market

By FLOYD NORRIS

ntremed Inc., a small biomedical company that might -- or might not -- have drugs that could
lead to a cure for cancer, went wild Monday in Nasdaq trading, rising $39.75, to $51.81, with
volume reported at a level well above the number of shares outstanding.

The trading in the stock was perhaps more chaotic than any in
years, with the highest prices -- more than $80 a share --
coming in the first two minutes after the market formally
opened at 9:30 a.m.

But market makers -- the brokers who execute trades in
stocks -- continued to report trades at that price for most of
the day, saying they were trades that had occurred in the first
two minutes but had not been reported on time. Far more
such trades were reported late than were reported on a timely
basis. And a number of trades appear to have been reported
late but not indicated as such.

The lack of timely trade reporting, at best, indicates that
systems at Nasdaq or at individual brokerage firms were
unable to cope with the activity. At worst, the delays could be
an indication that some brokers overcharged customers by
pricing the stock at levels not justified by the current market in
the stock.

The frantic activity followed an article Sunday in The New York Times concerning progress in curing
cancers in mice through the use of two drugs, angiostatin and endostatin, which Entremed is trying to
produce and market.

Although the article warned that previous treatment methods that had worked in mice had sometimes
failed in humans, it clearly whetted the speculative appetites of many investors, who bid up the share
prices of many small companies pursuing cancer-breakthrough treatments.

The leap in Entremed shares -- of more than 300 percent -- was highly unusual for any stock, and
reflected the fact that relatively few shares are outstanding and available for trading. Of the
company's 12.4 million shares. more than 3 million are owned by insiders. But volume reported on
Nasdaq Monday came to 23.5 million shares.

Unlike the New York Stock Exchange, which delays the start of trading in stocks until it is able to fill
all orders -- a policy that can keep stocks that figure in the news from opening for an hour or more
-- Nasdaq is a market of individual market makers, any of whom can execute a trade at any time, so
long as that trade is within the bounds of the market. After the market opens at 9:30 a.m., those
bounds are indicated on machines that show the best bid price -- the price at which someone is
offering to buy the stock -- and the best asked price -- the price at which someone is offering to sell
the stock. Normally, no trade should be executed outside that range.

Before the 9:30 a.m. opening, market makers can post prices at which they are willing to buy and
sell a stock, but those quotes are not binding on the market makers until 9:30. Knowing the market
price before that time is thus not easy, and subject to possible influence by market makers who post
quotes they need not honor.

On Monday, hundreds of trades were executed in Entremed stock, and reported to Nasdaq as
having been completed before the market opened at 9:30, at prices that ranged from $18.625 to
$85. Early in the morning, some such reports were delayed because Nasdaq systems rejected the
prices as unreasonable for a stock that had traded at $12.06 on Friday. But at 8:41 a.m., said Beth
Weimer, a vice president of Nasdaq's Market Watch division, Nasdaq turned off that system for
Entremed stock. As a result, Ms. Weimer said, all trades submitted to Nasdaq were reported
promptly. She said NASD Regulation, a regulatory organization, would review the late trades for
possible problems.

That chaos continued after the market opened. The first trade reported after the formal opening was
at $83, and a trade at $85 quickly followed. But it soon became clear that the market could not
sustain those prices, and the price began to slide. The highest asked price for the stock fell below
$80 at 9:31:34, less than two minutes after the market opened. No trade should have been executed
at or above $80 after that time.

Under the Nasdaq rules, trades are supposed to be reported promptly, and if a trade is not reported
within 90 seconds of when it occurs, it is to be marked as out of sequence.

But 11 trades that crossed the tape at 9:37 or later -- five minutes or more after the last time a trade
above $80 could have been executed under Nasdaq rules -- showed prices above that limit, and the
trade information made no mention of any delay in reporting the trade.

Including those trades, 157 trades, totaling fewer than 90,000 shares, were reported on a timely
basis at prices of $80 and above. But there were more than 850 trades, with a total volume of more
than 450,000 shares, reported on a delayed basis as having taken place above $80 while the market
was open, presumably in the first 94 seconds of trading.

Those figures were compiled from Nasdaq trade reports carried on Bloomberg Financial Markets.

The vast majority of the trades that were reported late were for fewer than 1,000 shares, many for
just 100 shares. Institutional investors normally trade in larger blocks, so it appears that many of
those who paid the highest prices were individual investors.

The public reports do not show which market makers reported trades late. Allen & Co., which
underwrote Entremed when it went public in 1996, at $15 a share, has been the largest market
maker in the past. But Allen officials did not return telephone calls seeking information on the trading
Monday.

In some ways, the trading in Entremed Monday was reminiscent of recent trading in several small
stocks that have zoomed, on very high volume, after announcing plans to do business on the Internet.
K-Tel, the most extreme of them, went from $6.625 to $67.75 in less than a month, including
Monday's leap of $19.75.

But for a one-day move, there are few if any precedents for Entremed's leap. It will be months, if not
years, before it is clear how much the company is worth. In the meantime, Monday's trading makes
it clear that work needs to be done to make Nasdaq trade reports more timely and accurate.




To: Machaon who wrote (20006)5/5/1998 6:58:00 AM
From: Henry Niman  Read Replies (1) | Respond to of 32384
 
Here's what WSJ had to say today about ENMD:

The Wall Street Journal -- May 5, 1998
Technology & Health:

Tiny EntreMed's Share Price
Rockets
On Reports Tied to Its Tumor
Drugs

----

By Robert Langreth
Staff Reporter of The Wall Street Journal

Shares of tiny EntreMed Inc. more than quadrupled on news reports that,
in about 12 to 18 months, the company may begin human tests of two
experimental drugs that have destroyed tumors in laboratory mice.

In trading on the Nasdaq Stock Market, shares of the Rockville, Md.,
biotechnology company rose $39.75 to $51.8125 in an explosion of heavy
trading. More than 20 million shares, nearly twice as many as the company
has outstanding, changed hands as EntreMed's market capitalization
ballooned to $650 million from $149 million by the close of trading.

The surge follows a report in the New York Times that EntreMed hoped to
begin clinical trials "within a year" for the company's two cancer agents. In
research published and presented publicly last year, scientists showed that
the experimental medicines, called angiostatin and endostatin, can eradicate
tumors in laboratory mice by blocking the blood vessels the tumors need to
sustain themselves.

But many cancer researchers said the two drugs were very far from being
proven useful in humans. The scientists familiar with the drugs cautioned
that simply because the therapy worked extremely well in mice doesn't
necessarily mean it will work in humans. Researchers have eliminated
cancerous tumors in laboratory animals with various experimental drugs or
approaches, yet none of them have yet advanced to successful use in
humans.

"I wish I had a nickel for every research report in which a new therapy
cured mice of tumors," said David Nance, president and chief executive
officer of Introgen Therapeutics Inc., a closely held biotech company in
Austin, Texas, that has produced similar results with its experimental
therapy based on repairing defective genes.

EntreMed officials played down speculation that the drugs might cure
cancer someday. "We don't use the C-word here," said EntreMed Chief
Financial Officer Nelson Campbell. "We won't know until we are in human
trials whether we have a drug."

Because the two drugs are fragments of natural proteins produced by the
body, they are relatively difficult to manufacture in the pure form needed for
human tests. EntreMed and its partners, including Bristol-Myers Squibb
Co., are still working out the process needed to manufacture large
quantities of the proteins that would be required to undertake clinical trials.

Blocking tumors' blood vessels, called antiangiogenesis, is an approach to
cancer that has gained favor in recent years. Several other biotech and
pharmaceutical companies are developing drugs based on similar
approaches and some are already in early phases of human testing.
Genentech Inc., for example, recently completed human-safety testing of a
monoclonal antibody against the blood-vessel stimulating protein VEGF,
and has begun efficacy tests in cancer patients. Other companies including
Magainin Pharmaceuticals Inc. and Sugen Inc. are in human testing of other
drugs that attack blood-vessels in tumors.

Many of the EntreMed animal tests were first published in the British
scientific journal Nature six months ago and presented at scientific
conferences over the past several months. The drugs are proteins that were
discovered by Judah Folkman, a renowned cancer researcher at Harvard
University and Children's Hospital in Boston who has devoted much of the
past 30 years of his career to developing drugs that attack the tumors'
blood vessels.

In the Nature article, published November 27, 1997, Dr. Folkman and his
colleagues reported that repeated injections of the protein fragment,
endostatin, eliminated large lung and skin tumors in laboratory mice, and
held the remaining small number of cancer cells indefinitely in a dormant
state. "The results are unprecedented and could herald a new era of cancer
treatment. But that era could be years away," wrote Robert Kerbel of the
University of Toronto in a commentary accompanying the Nature paper.
But he noted that the drugs could be very expensive to produce, and would
have to be used chronically, raising the possibility of longterm side effects.

Company insiders hold 18% of EntreMed's shares. John Holaday,
chairman and chief executive officer, owns 9% of the company. Dr.
Folkman wasn't listed as a major shareholder in the latest Securities and
Exchange Commission filing.

EntreMed is collaborating with BristolMyers to develop angiostatin, while it
is working with the National Cancer Institute to develop endostatin.

Journal Link: EntreMed's chief executive discusses the company's new
drugs in a video report in The Wall Street Journal Interactive Edition at
wsj.com



To: Machaon who wrote (20006)5/5/1998 8:21:00 AM
From: tonyt  Respond to of 32384
 
Now a single mention of 'swaps' in that NYTimes article :-)