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To: Anthony Wong who wrote (956)10/24/1998 1:54:00 PM
From: Anthony Wong  Respond to of 1722
 
Pharmacia & Upjohn Wins FDA Nod for Wider Use of Cancer Drug

Bloomberg News
October 22, 1998, 10p.m. ET

Washington, Oct. 22 (Bloomberg) -- Pharmacia & Upjohn Inc.
said it won an approval from the U.S. Food and Drug
Administration to make stronger claims about its cancer drug
Camptosar.

Pharmacia, which also makes the Rogaine treatment for
baldness, won FDA clearance to say the drug, already approved for
use by patients with advanced cancer of the rectum or colon, can
actually stave off death in patients with metastatic or spreading
cancer and in patients who have become resistant to their only
other existing drug option.

''We can now demonstrate a survival benefit to oncologists,
who in turn can have increased confidence that Camptosar is the
standard of care,'' for their patients, said Karrie Cox, senior
vice president of global business management for Pharmacia &
Upjohn.

While the drug has been available for use in colorectal
cancer patients, this is proof for doctors that its benefits far
outweigh the cost of side effects such as diarrhea. In terminally
ill patients, that is the equation doctors must weigh.

Pharmacia is already researching the use of the drug as a
first option for cancer patients and is looking at its
application to other cancers, such as lung and brain cancers. The
current market for the drug is about 50,000 patients, according
to the company.

''Camptosar is a major product in the oncology field and the
cornerstone of our oncology franchise,'' Cox said. ''We
anticipate that (this) approval of Camptosar will have a positive
impact on sales.''

The drug initially passed FDA review through what is known
as an accelerated approval, designed to get promising drugs to
desperately ill patients after an abbreviated testing period.

Before Camptosar, patients with colorectal cancer had few
options, so the FDA cleared the drug based on data that showed it
reduced tumor size, but left unanswered some questions about the
drug's long-term benefits. The company returned with longer term
data supporting the ''survival'' claim.

A survival claim may increase the likelihood the sickest of
cancer patients -- and their doctors -- would opt to use the drug
and try yet another round of chemotherapy.

Camptosar is made and sold in the U.S. and other countries
by Pharmacia & Upjohn, the world's 18th biggest drugmaker, and by
leading French drugmaker Rhone-Poulenc SA in Europe.

Leading Killer

Among cancers, only lung cancer kills more Americans than
colorectal cancer, which kills about 55,000 people a year in the
U.S. alone.
Pharmacia's data offers hope to the large number of patients
whose colon or rectal cancer is detected late and whose disease
has spread. When it was initially approved by the agency in 1996,
Camptosar was the first drug in 40 years, and only the second
drug ever, designed to treat the prevalent cancer.

Patients taking the drug were more likely to survive another
year than were patients who received supportive care such as pain
medication but no aggressive therapy after the first drug failed.
Patients on Camptosar also fared significantly better in terms of
pain, weight loss, and almost all other measures of quality of
life.

Metastatic colorectal cancer, or cancer where the disease
has spread throughout the body, is more difficult to treat than
the early form of the disease. About 95 percent of patients whose
cancer is detected early survive at least five years, according
to the American Cancer Society.

Pharmacia & Upjohn has a number of other potential cancer
drugs in development, including drugs to treat breast cancer,
brain cancer and a form of anemia common in cancer patients.

--Kristin Reed in Washington (202) 624-1858 through the New York



To: Anthony Wong who wrote (956)10/24/1998 1:56:00 PM
From: Anthony Wong  Read Replies (1) | Respond to of 1722
 
Pharmacia & Upjohn Inc. Rated New 'Buy' at ABN AMRO

Bloomberg News
October 23, 1998, 1:18 p.m. ET

Princeton, New Jersey, Oct. 23 (Bloomberg Data) -- Pharmacia & Upjohn
Inc. (PNU US) was rated ''buy'' in new coverage by analyst James P. Keeney at
ABN AMRO. The 6-month target price is $61.00 per share.

-- Andrew Bekoff in Princeton, New Jersey, (609)279-3652