Saturday, March 10, 2012

XE.com - UPDATE 1-J&J prostate cancer drug improves survival

March 8 (Reuters) - Johnson & Johnson's prostate cancer drug Zytiga improved survival in patients who have not received chemotherapy in a late-stage study.

An independent data monitoring committee recommended that patients receiving a placebo in the trial be offered treatment with Zytiga, the company said in a statement.

Thursday's data sent shares of Medivation Inc, which is also developing a prostate cancer pill that works by targeting the same hormone that Zytiga targets, up 9 percent.

However, shares of Dendreon Corp fell 16 percent. Dendreon makes a prostate cancer vaccine, Provenge, that has a different mechanism of action.

(Reporting by Kavyanjali Kaushik and Esha Dey in Bangalore; Editing by Gopakumar Warrier) Keywords: JOHNSONANDJOHNSON/

(kavyanjali.kaushik@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: kavyanjali.kaushik.thomsonsonreuters.com@reuters.net)

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Source: http://www.xe.com/news/2012/03/08/2527309.htm?utm_source=RSS&utm_medium=TL&utm_content=NOGEO&utm_campaign=News_RSS_Art2

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