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To: WTDEC who wrote (20353)5/11/1998 6:28:00 AM
From: Henry Niman  Respond to of 32384
 
Newsweek has at least three articles on Biotechs, Cancer, and ENMD (the above all have an ENMD focus) and I think that ENMD was on 60 Minutes yesterday.



To: WTDEC who wrote (20353)5/11/1998 6:48:00 AM
From: Henry Niman  Read Replies (3) | Respond to of 32384
 
Times cover story is on wiping out cancer. Although it focuses on anti-angiogenesis, there is a section on various approaches. Here's what they say about chemoprevention:

Many breast cancers
depend on the female
hormone estrogen to
stimulate their
growth. Tamoxifen,
which acts as an
antiestrogen in the
breast, has been
shown to prevent the
development of this
form of cancer.
Preliminary evidence
suggests that a newer
compound,
raloxifene, may
confer a similar
benefit without
serious side effects.
Compounds know as
retinoids, derivatives
of vitamin A, can
prevent recurrence of
certain head and
neck cancers.



To: WTDEC who wrote (20353)5/11/1998 7:07:00 AM
From: Henry Niman  Respond to of 32384
 
Actually, the Newsweek articles are also on the front page. Here's the one on Folkman:

For years, researcher Judah Folkman was scorned by peers. Last week he became
famous--for a breakthrough that may, or may not, help conquer our most-feared
killer.
By Sharon Begley and Claudia Kalb

In his gold wire-rimmed glasses and white lab coat, Dr. Moses Judah
Folkman doesn't look anything like a man in the eye of a media storm. Leaning
forward in the conference-room chair on the 10th floor of Boston's Children's
Hospital, Folkman is deep in earnest conversation about his long-scorned
theory of cancer when his beeper goes off. CBS is asking him to appear on the
evening news. Folkman, 65, politely excuses himself and, returning the call,
declines--as he has most of the 2,000 other interview requests that flooded
in last week. This was Folkman's moment, his chance for the cliched 15
minutes of fame, for seven-figure book deals and glowing newspaper profiles.
And he was having none of it. An intensely private man, Folkman blew off Dan
Rather, Peter Jennings and Ted Koppel, refused TV offers from Australia and
Israel and France and Italy, canceled a long-scheduled speech before a
prostate-cancer group to avoid paparazzi--and wished the whole thing had
never happened. "We were just minding our own business," he says in
bemusement.
But a front-page story in The New York Times last week described Folkman's
years-old discovery of a cancer treatment as so promising that it might "cure
cancer in two years," as James Watson, Nobel laureate and the codiscoverer of
DNA, was quoted as saying. The article became the media equivalent of a
virulent flu. It infected television broadcasts, newspapers, magazines and
radio with the idea that researchers could actually cure the disease that
Americans fear more than any other. Desperate patients flooded help lines,
Internet chat rooms, hospitals and doctors' offices with questions and pleas
for the drugs, and many angrily asked why they had to stay on toxic
chemotherapy if a benign and effective therapy was available. Where patients
saw hope, investors saw gold: even before the stock market's opening bell
Monday they had placed thousands of "buy" orders for shares of EntreMed Inc.,
the Rockville, Md., company with the patent rights to Folkman's two
anti-cancer compounds. The stock price roller-coastered from $12 to $85 and
back down to $52. For a few days, the word angiogenesis was more ubiquitous
than the name Lewinsky.
Then came the backlash. By midweek, editorials and op-ed pieces were
emphasizing that while the two drugs discovered by Folkman's lab--endostatin
and angiostatin--had cured a bunch of mice, they had helped exactly zero
humans. And then the Times story, whose front-page placement belied the fact
that it contained little that had not been reported already, itself became
The Story. Jim Watson denied his hyperbolic "cure cancer" quote. Rival
newspapers published accusations that reporter Gina Kolata's story was an
attempt to stir up interest in, and get more money for, a book she was
shopping around. Within a day her agent withdrew the proposal "after
[Kolata's] discussion with her editors after the difficulties became clear of
staying with the story after she acquired a financial stake in it." (In fact,
Kolata's book proposal came after, not before, her article.)
If last week demonstrated anything, it was that hope is long but memory is
short when it comes to "cures" for cancer. In 1983, the renowned biologist
Lewis Thomas foresaw "the end of cancer before this century is over." Yes,
angiostatin and endostatin, which tame tumors by preventing the growth of
blood vessels that feed them, had successfully treated mice. And other
anti-angiogenesis agents have even shrunk tumors in human trials. But the
history of cancer treatment is full of shooting stars, experimental
treatments that have glowed with the promise of ultimate success only to
crash and burn. Taxol, interferon, interleukin-2--oncologists still prescribe
them. Some patients live because of them; others die despite them. "I know
this as well as everybody else," says Folkman. Even in his boldest dreams he
does not expect anti-angiogenesis agents to slay cancer on their own. But he
also thinks that, for some people, they could mean the difference between
surviving with a tumor and dying because of it, and he has thought so through
decades of snickers and hostile silence.
Folkman's first lightbulb-above-the-head moment came in 1960, when he was
all of 27. Drafted by the Navy, he was assigned to the Naval Medical Research
Institute in Bethesda, Md., where he studied blood substitutes. One day he
injected cancer cells into a rabbit thyroid gland that was being kept alive
in a blood-free solution inside a corked glass chamber. Tiny melanomas
sprouted. But they never grew larger than a pencil tip. "That was the first
time we saw that, in the absence of blood vessels, there was no tumor
growth," Folkman recalled last week as he pointed to the old glass tube in a
display case. He and colleague Frederick Becker published their observations.
But they didn't present their truly radical idea: that tumors, in order to
grow, need to hook up to blood vessels.
Over the next few years Folkman became convinced of his hunch. Tumors that
he implanted in rabbits' eyes did not grow at all until blood vessels,
spreading from the cornea, reached them. It was just like a pioneer town that
didn't grow until the railroad tracks got there. But when the blood vessels
did arrive, the tumor grew as fast as a Western boomtown: more than 100 times
their original size in 10 to 15 days. Now Folkman realized something even
more revolutionary: tumor cells must secrete some natural compound to induce
blood vessels to sprout tiny capillaries. Without the come-hither molecule,
capillaries do not connect to a tumor; without a custom-grown blood supply,
the tumor stays dormant.
That observation offered several fat targets for treatment. Theoretically,
you can interfere with the tumor cell so it does not secrete the molecular
signal that summons blood vessels. Or you can throw a biological monkey
wrench at the blood vessels so they cannot receive this signal, or cannot
respond to it. Either way, the tumor should shrink. But the possibilities
were even greater, because blood vessels are not one-way streets. Besides
bringing oxygen and nutrients to tumors, they serve as escape routes. Cancer
cells break off from the tumor, enter the bloodstream and colonize distant
points to produce secondary tumors. It is these metastases, not the primary
tumor, that often kill. Without blood vessels, there is no railroad out of
town; without a railroad, there are no metastatic escapees.
Folkman submitted his first major paper laying out the theory of blood
vessels and cancer to "many good journals." All rejected it, saying his
conclusion was not supported by the data he submitted. The New England
Journal of Medicine finally ran it, in 1971. Throughout the 1970s, "the
reaction was mainly hostility and ridicule," recalls Folkman. "People would
ask me [at scientific meetings], 'You really don't believe that, do you?' "
An application for a research grant from the government was denied; the
reviewer deemed the subject "just in your imagination."
Joining Folkman's lab seemed like professional suicide. "People warned me
not to hook up with him," says cell biologist Bruce Zetter, who nevertheless
agreed to join Folkman's search for ways to grow capillary cells in a dish
and who now heads his own lab at Children's. Dr. Henry Brem, who worked with
Folkman in 1973 and is now a neurological oncologist at Johns Hopkins
University, recalls his first-year pathology professor's catching flak "just
for mentioning Folkman's hypothesis that angiogenesis plays a role in tumor
growth. The biggest names at Harvard were saying it didn't belong in the
med-school curriculum." Conventional wisdom held that angiogenesis was an
inflammatory process having nothing to do with tumor progression. For 10
years, whenever Folkman got up to speak at a scientific meeting, he would
"hear people laughing in the corner," he says. Or the room would empty out.
"Everybody had to go to the bathroom at once," he says.
The nadir came in 1974. "A lot of people who worked for us just left,"
Folkman says. "They said, 'We're not making any progress'." Biology had
become so focused on genes and the proteins they made that if a theory didn't
fit this paradigm, it was dismissed. "At Harvard there was almost this rule
that if you didn't come up with a molecule in five years it must not exist,"
says Dr. Steven Brem, a brother of Henry's and now a neurosurgeon at the H.
Lee Moffitt Cancer Center in Tampa, Fla. Folkman's five years were almost up.
Low on research money, he and a colleague accepted an unheard-of 12-year, $23
million grant from the Monsanto Co. It created a firestorm at Harvard Medical
School, where Folkman had (and has) a joint appointment. No one there had
ever before accepted that kind of industry money. Now, of course, corporate
money flows like distilled water into America's university labs.
At national meetings, scientists would greet one of Folkman's
presentations with a knowing "Oh, I see Folkman has cured cancer--again." "I
would always come home very depressed," Folkman says. His wife, Paula, an
alto who sings with the Boston Symphony at Tanglewood and is the daughter of
a doctor who made house calls, was his source of strength. He often had her
read his manuscripts, and, except when he was traveling, would walk home to
have dinner with her and their two daughters, one now an elementary-school
teacher and one a modern dancer. His students remember his lectures on how to
keep a marriage intact (he wed in 1960) almost as well as they remember his
seminars on angiogenesis.
The Monsanto grant got Folkman's experiments back on track. In 1981 he
quit his position as surgeon-in-chief at Children's (and one third of his
salary) to devote himself full time to research. Someone who combines
research and surgery never has it easy, he once said: "His counterpart in
basic science thinks he is a dilettante researcher, his clinical colleagues
think he is unsafe and his mother-in-law says, 'He's 35 years old and still
working with animals. When will he be a real doctor?' "
Folkman was determined to identify the substances that ooze out of tumors
and attract capillaries. In 1983, two of his scientists, Michael Klagsbrun
and Yuen Shing, isolated such a substance. It was named "basic fibroblast
growth factor." Finally there was an actual molecule, not just a nifty idea,
and researchers who had been standing (or carping) on the sidelines climbed
on the angiogenesis bandwagon. Even serendipity smiled on Folkman. A culture
of blood-vessel cells that Donald Ingber had been growing in Folkman's lab
got contaminated. A yeast fungus had apparently blown in. Standard procedure
is to chuck a contaminated cell line. But Ingber had a hunch. In a replay of
Alexander Fleming's noticing that bacteria did not grow near penicillin mold,
Ingber saw that the blood vessels had retreated from the fungus. He had
discovered an angiogenesis inhibitor, now called TNP-470.
Many fields of science are infamous for professors who work their students
like galleon slaves and hog all the credit. Folkman is famous for the
opposite. He was inspired to pursue a career in medicine by visits he made to
the sick with his rabbi father. Students recall Folkman's hints that he once
had not been treated well by a superior, "and he vowed then and there that he
would be different," says Zetter. Folkman is generous with colleagues and
competitors alike, mailing samples of cell lines to anyone who asks. He won't
add his name to papers reporting research that others did in his lab (many
professors take full credit merely for running the place).
After Ingber and Folkman's discovery of the anti-angiogenesis agent in
fungus, other researchers suggested that a tumor secretes not only a
substance that stimulates angiogenesis, but one that inhibits it, too. That
would explain why, when a surgeon removes a primary tumor, little satellite
tumors sometimes start acting up, like kids whose teacher has stepped out.
The teacher here is the tumor that secretes an anti-angiogenesis molecule
that keeps smaller tumors in check; absent the tumor, the smaller tumors can
grow--and kill. In 1994, Dr. Michael O'Reilly in Folkman's lab isolated such
an angiogenesis inhibitor; he called it angiostatin. He discovered a second,
endostatin, in 1996. Endostatin so stifles blood-vessel growth that human
cancers grafted onto mice actually shrink, as O'Reilly, Folkman and
colleagues reported last November. Those results were the spark that flamed
into last week's hype, and hope, about a cure for cancer.
Folkman once said that treatment based on the angiogenesis model would be
available within five years. That was in 1972. Now he points to dozens of
books in the conference room. "All those books, those red books," he says.
"Those are all experiments [of ours] that didn't pan out." According to a
1997 editorial in the journal Science, by the early years of the next decade
cancer will overtake heart disease as the nation's No. 1 killer.
Everyone--doctors, scientists and, most of all, today's patients and
tomorrow's--hopes that Folkman's current lab book does not wind up on the
shelf of failures.
With Theodore Gideonse in New York

Newsweek 5/18/98 Lifestyle/ One Man's Quest to Cure Cancer




To: WTDEC who wrote (20353)5/11/1998 7:08:00 AM
From: Henry Niman  Respond to of 32384
 
Here's the one on anti-angiogenesis:

Vessel inhibitors could open a new era in treatment.
By Geoffrey Cowley and Adam Rogers

Did last week's headlines give you a sense of deja vu? Endostatin and
angiostatin, the promising new cancer treatments that Dr. Judah Folkman and
his colleagues have pioneered at Boston's Children's Hospital, aren't the
first ones to spawn such an orgy of optimism. Interferon was the miracle drug
of the 1960s. The 1970s brought us monoclonal antibodies. In the 1980s,
interleukin-2 was the craze. All of those agents have proved useful, but none
has revolutionized cancer care. Most of the million and a half Americans
diagnosed with malignancies each year still suffer through some combination
of surgery, radiation and chemotherapy. And though survival rates vary, only
half of all cancer patients survive five years. Despite decades of dazzlingly
sophisticated biomedical research, the knife remains our most potent weapon
against cancer. According to oncologist George Canellos of Boston's Dana
Farber Cancer Institute, drug treatment still accounts for less than 10
percent of all recoveries.
Could these new treatments mark a turning point? Will drugs that keep
tumors from spawning blood vessels do to cancer what vaccines and antibiotics
have done to many infectious diseases? Don't count on it. Most experts view
the new "angiogenesis inhibitors" as possible complements to existing
therapies, not as complete alternatives. Yet Folkman's work has inspired an
entire field of research, and the potential payoff is enormous.
The new approach is based on the simple yet critical observation that a
tumor needs a blood supply to grow. A genetic mutation may prompt a normal
cell to divide uncontrollably, but unless the resulting mass can spawn a
network of vessels to deliver nutrients and oxygen, it will grow to the size
of a pea and settle into a harmless, dormant state. Unfortunately, these
little sleepers can wake up. After sitting idle for months or even years, a
pea-size mass may suddenly provoke nearby blood vessels to send out new
branches, or capillaries. That vascular flowering, known as angiogenesis, is
supposed to occur only briefly during menstruation, pregnancy or wound
healing. But when tumors set the process in motion, it enables them to grow
uncontrollably, invading healthy tissues and seeding the bloodstream with
malignant cells.
No one knows why small tumors suddenly go angiogenic, but researchers have
recently learned a lot about the process. As Northwestern University cancer
researcher Noel Bouck has shown, healthy cells constantly regulate the growth
of nearby blood vessels by generating chemical messengers known as inducers
and inhibitors. The cells that line our vessels sport receptors for both
types of molecules. Normally the inhibitors predominate. But if a few cancer
cells stop sending out their share of inhibitors, the cells in nearby vessels
start proliferating wildly to form new capillaries. The new capillaries
aren't equipped to pierce the membranes that surround tumors, but they have
receptors that enable them to glom on. And they bind readily with enzymes
called MMPs, which serve roughly the function of drill bits. Armed with MMPs,
the new vessels can bore into the tumor and set up a full-service link to the
circulatory system.
As long as a tumor generates vessels, it can grow indefinitely--and the
bigger it gets, the more vessels it can generate. Fortunately, there are many
ways to disrupt angiogenesis. Researchers have identified several dozen
agents that can thwart the process at one stage or another. At least 11
angiogenesis inhibitors are now being tested in humans. Many others are at
earlier stages of development, and new ones are still being discovered.
Some of the candidate treatments are old drugs that happen to suppress the
growth of new vessels. One example is Thalidomide, the morning-sickness
remedy that triggered a wave of birth defects back in the 1950s. In its first
life, the drug kept some 10,000 babies from developing normal limbs.
Researchers are now hoping it will do something comparable to tumors. Another
early entry is TNP-470, a synthetic analogue of the fungal antibiotic
fumagillin. Researchers have shown it can control both lung and skin cancers
in mice. Unfortunately, many of these first-generation drugs have side
effects that could limit their use.
To get around that problem, some drugmakers are synthesizing more narrowly
targeted compounds--molecules that disrupt angiogenesis by binding with a
particular growth factor or jamming a certain receptor. Scientists at
Genentech are studying an engineered antibody that blocks VEGF, one of the
signaling molecules that tumors use to make vascular endothelial cells
proliferate. And several companies are testing agents that could help keep
nascent blood vessels from piercing the tumor membrane. Working with a
company called Ixsys, biologist David Cheresh of the Scripps Research
Institute has developed several molecules that keep new vessel cells from
picking up MMPs (the drill-bit enzymes). His team is now preparing to test
the drugs in people with inoperable tumors of the lung, colon, breast and
prostate. Researchers at Bayer Corp., British Biotech of Annapolis, Md., and
San Diego-based Agouron Pharmaceuticals are already testing their own MMP
inhibitors in people. The first ones could reach the market within five
years.
All of these agents do a reasonably good job of slowing blood-vessel
growth, but none of them performs like endostatin and angiostatin, the
molecules that Folkman's team is studying. Unlike most of the other agents
now under investigation, the two statins are not test-tube inventions.
They're naturally occurring molecules that Folkman's colleague Dr. Michael
O'Reilly found lurking in tumors.
It was a smart place to look. Surgeons have long known that removing a
patient's primary tumor can speed the growth of metastases. Large tumors
somehow keep small ones in check, and Folkman's group has long suspected they
do it by suppressing angiogenesis. A large tumor may throw off more inducers
than inhibitors, but the inducers disintegrate so quickly that their effects
are felt only by nearby blood vessels. If the inhibitors lasted longer, they
would stand a good chance of reaching, and suppressing, far-flung metastases.
With that thought in mind, O'Reilly set about screening proteins from cancer
cells in mice, and he found two that seemed to block angiogenesis. Last year
he and his colleagues in Folkman's lab started testing them as cancer
treatments.
The results were dramatic. The researchers inoculated mice with one of
three cancers (melanoma, fibrosarcoma or Lewis lung carcinoma) and let large
tumors develop. As expected, injections of endostatin quickly starved the
tumors of blood, reducing them to tiny lumps. The tumors grew back whenever
the mice went off the treatment. But unlike traditional chemotherapy, the
endostatin worked just as well after repeated administration as it did the
first time round--and to the scientists' surprise, it gradually beat the
tumors into submission. After a given number of treatment cycles (two for
melanoma, four for fibrosarcoma, six for lung cancer), the tumors simply
stopped growing back. The researchers have since achieved similar results, in
less time, by administering endostatin and angiostatin together.
No one knows just how these molecules block angiogenesis--let alone how
they permanently disabled the mouse tumors. And of course no one knows
whether either drug will have remotely comparable effects on people. "If
curing mice cancers were enough," says Dr. Donald Morton of the John Wayne
Cancer Institute, "we would have cured cancer in the '60s." The lab-grown
cancer cells used in mouse studies don't always behave like the "wild"
strains seen in the clinic. And tumors aside, mice and men have very
different vascular systems. A molecule that completely stalls angiogenesis in
a mouse may slow the process only slightly in a person. When the person gets
a large dose of endostatin or angiostatin--or any other inhibitor--his body
may respond by churning out more inducers. And inhibitors that shrink lung
tumors may prove worthless against breast tumors, or vice versa.
That's why most experts assume the new inhibitors will have to be combined
with other forms of treatment. "Almost no cancer has been cured by a single
agent," says Dr. Drew Pardoll of the Johns Hopkins University School of
Medicine. Fortunately, the arsenal is expanding all the time. Many
researchers are hopeful about turning patients' immune systems against their
tumors. In preliminary studies, patients vaccinated against their own
advanced melanomas have raised their chances of surviving five years from 5
percent to 40 percent. Gene therapy may soon offer other weapons. This week,
researchers at the M.D. Anderson Cancer Clinic in Houston will report early
success at treating advanced lung, head and neck tumors by infecting them
with genetically altered cold viruses.
Yet the angiogenesis inhibitors have one advantage that the other new
therapies lack: they don't have to eradicate every tumor cell in the body to
succeed. If some combination of the new agents could successfully police the
blood vessels, a few stowaway cancer cells would pose no real threat.
Policing the blood vessels is bound to be complicated, but it may prove
easier than trying to eradicate tumor cells. As the endostatin mouse study
makes clear, healthy endothelial cells make excellent targets for treatment
because they don't constantly change the way cancer cells do. A drug that
checks their growth once should keep working indefinitely.
And it should work without poisoning the patient. Though traditional
chemotherapy quickly loses its effect on cancer cells, it continues to kill
healthy ones. People relying on angiogenesis inhibitors could face serious
side effects--including Thalidomide-style birth defects and an inability to
heal common wounds. But as University of Toronto cancer-biologist Robert
Kerbel observes, disrupting angiogenesis is rarely dangerous--for blood
vessels rarely have a good excuse to proliferate. "We used to hope that the
drugs we developed would kill more tumor cells than normal cells," he says.
"Now we can hope for something better." Unfortunately, it's still too soon to
bank on it.
With Andrew Murr and Claudia Kalb

Newsweek 5/18/98 Lifestyle/Of Mice and Men



To: WTDEC who wrote (20353)5/11/1998 7:10:00 AM
From: Henry Niman  Respond to of 32384
 
Here's the one on Biotech's promise:

EntreMed is just the latest company to soar on hopes of a medical marvel. But
they should carry big warning labels.
By Michael Meyer

Wall street is always looking for the Next Big Thing. Whether it's a cure
for cancer or a fountain of youth (which may or may not rhyme with Niagara),
the script can be all-too-familiar. Hype and hoopla drive this or that stock
into the stratosphere--and reality sends it thudding back to Earth.
This could be the story of EntreMed, the latest object of the Street's
desire. The little medical company's stock stood at around $12 the Friday
before last--and opened on Monday at $85, after reports that it had rights to
a potential cure for cancer. It closed out the tumultuous day at around $51
and ended the week at $33, but not before the rally lifted other companies
doing similar research. Of course the flurry was "excessive, to say the
least," says PaineWebber analyst Elise Wang. EntreMed is at best years away
from having a marketable drug, and so far its "cure" has been shown to kill
cancer only in mice, not humans.
Biotechnology has always been a sort of scientific Wild West, prey to
irrational exuberances. We vest it with so many hopes: cures not only for
cancer but heart disease, AIDS, even old age. And who would not love to cash
in on a cure, too, by betting early on the right company? Yet biotech
companies are different from, say, pharmaceutical firms. Often they chase the
promise of a single therapy, for years, only to find that it doesn't work.
And the research is not only slow but costly. Investors lose patience, and
even the strongest and best-financed companies can quickly go from favor to
disfavor.
Remember venerable Genentech, the granddaddy of the industry? When the
company went public in 1980, inaugurating the biotech era, its stock went
from $35 to $88 in a single day--at the time, the hottest offering in
history. But in 1987 its leading product, an anti-clotting drug known as
Activase, proved to be a mere best seller rather than the miracle for heart
disease that overzealous boosters touted it to be. By 1988, Genentech's
shares had sunk to $14. The company has since slowly regained some of its
luster. Last week it traded at about $70, partly on the promise of new drugs
for treating lymphoma and breast cancer.
Younger biotech wonders have since traced similar trajectories. Amgen
Inc., the world's largest biotechnology firm, was nearly bankrupt in the
'80s. Then, in 1989, it introduced an anti-anemia drug called Epogen,
followed in 1991 by Neupogen, an immune-system stimulator helpful to
chemotherapy patients. Amgen's stock went from $5 to $38 in 18 months or so.
Now at $59, the company's shares have yo-yoed up and down, losing or gaining
anywhere from a third to a half of their value some years on fears that sales
of its twin blockbusters might slow. Smaller companies, with fewer, if any,
products, frequently experience even wilder rides. Over three days last
August, investors bid up shares in Geron from less than $6 to nearly $18 on
reports that it had discovered an anti-aging drug. Two weeks later, as more
sober expectations set in, the stock was back to $9.
This kind of volatility has discouraged investors. Amid the bull market,
biotechnology has lanquished. The American Stock Exchange's biotech index,
covering 15 leading companies, has declined from 256 to 183 since the
beginning of 1992. Will that dismal record change? Possibly. The euphoria
over EntreMed, however premature, does highlight an important fact: that we
are coming closer to finding new and perhaps more effective treatments for
some of our worst diseases. At the same time, the industry itself is
maturing. Six years ago there were but a few hundred biotech companies with
perhaps two dozen products. Today there are 1,300 with close to 200 products.
More are in the pipeline. So for the first time, investors can pick and
choose among different biotech companies and real products, rather than
betting quite so heavily on often inflated technological promises.
That's partly why EntreMed's speculative bubble burst so quickly. Almost
as soon as investors discovered the company, they learned of others that are
even farther along with similar research. Among them: Agouron
Pharmaceuticals, well into human trials with angiostatin therapy for lung and
prostate cancers, as well as Genentech and Boston Life Sciences. None of this
means that biotech is at last becoming a sound investment. But for the future
of health care, it's great news.

Newsweek 5/18/98 Lifestyle/ The Lure of the Biotech Stocks




To: WTDEC who wrote (20353)5/11/1998 9:35:00 AM
From: Henry Niman  Read Replies (1) | Respond to of 32384
 
IMCL CEO was just on. He focused on monoclonals directed against growth factor receptors. He thought that combos would be used in the future. IND for their anti-angiogenesis monoclonal is slated for next year. Mentioned GNE's Herceptin (its similar to IMCL's C225 which targets HER1 - GNE's monoclonal is against HER2).
IMCL traded at $14 before the open, but opened at 13 3/8 and quickly fell below $13.

Jim McCamant is due on soon.