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Biotech Sector Weekly Rewind

BOSTON ( TheStreet) -- Adam Feuerstein's take on the biotech week that was Nov. 19, 2010:

The week's best-performing stocks in the sector: Entremed (ENMD) (+41%), IsoRay (ISR - Get Report) (+33%), Exelixis (EXEL) (+31%), Apricus BioSciences (APRI) (+29%) and China Shenghuo Pharmaceutical Holdings (KUN) (+26%)

FDA advisory panel votes 13-2 to recommend the approval of Human Genome Sciences' (HGSI) lupus drug Benlysta. Read the Human Genome FDA Panel Live Blog

Human Genome Hit by Benlysta Sales Worry

Takeda rumored to be eyeing a competing takeover offer for Genzyme (GENZ).

RXI Pharmaceuticals (RXII) says still on track to sign a major RNAi drug partnership before the end of the year.

> > Bull or Bear? Vote in Our Poll

Frontpoint Partners said to be shuttering health care hedge funds in wake of insider -trading allegations. (via New York Times)

The week's worst-performing stocks: Aastrom BioSciences (ASTM) (-43%), AP Pharma (APPA) (-28%), Neostem (NBX) (-26%), Vermillion (VRML) (-20%) and Alnylam Pharmaceuticals (ALNY) (-19%)

Medicare panel endorses on-label use of Dendreon's (DNDN) prostate cancer therapy Provenge.

Amgen (AMGN) rumored to be considering acquisition of Swiss biotech firm Actelion.

Roche cuts 4,800 jobs in a corporate restructuring that also axes the company's research efforts into RNAi drug development. (via Pharmalot, In the Pipeline)

European regulators accept approval application for Cell Therapeutics' (CTIC) lymphoma drug Pixuvri.

Exelixis (EXEL): Interim phase II ovarian and prostate cancer data for XL184.

FDA advisory panel votes 8-7 with one abstention to recommend approval of MELA Sciences' (MELA) MELAFind skin cancer detection device. Read the MELA FDA Panel Live Blog

MELA Sciences Is Doomed

MELA Sciences: Not So Doomed

Aastrom BioSciences (ASTM) presents interim phase II data on limb ischemia drug.

Resverlogix (RVX.TO) presents phase II data on cholesterol drug.

FDA approves Amgen's (AMGN) Xgeva for prevention of bone fractures in cancer patients.

Somaxon Pharmaceuticals (SOMX) prices 8.8 million shares at $2.95 a share.

Pfizer (PFE) and Bristol-Myers Squibb (BMY) halt study of experimental blood thinner apixaban due to an increase in bleeding.

Results from late-stage study show Merck (MRK) drug boosts good cholesterol levels and cuts bad cholesterol without safety risks. (via Bloomberg)

Healthcare CEOs Make Big Dough (via WSJ Health Blog)

Bayer Cuts Jobs (via InVivo Blog)

Avanir Pharmaceuticals (AVNR) sells 20 million shares at $4.40 a share.

--Written by Adam Feuerstein in Boston.

>To contact the writer of this article, click here: Adam Feuerstein.

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Adam Feuerstein writes regularly for In keeping with TSC's editorial policy, he doesn't own or short individual stocks, although he owns stock in He also doesn't invest in hedge funds or other private investment partnerships. Feuerstein appreciates your feedback; click here to send him an email.

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AVNR $16.96 0.00%
ASTM $3.10 -0.18%
DNDN $0.06 -6.02%
EXEL $4.24 -0.24%
ENMD $0.90 0.00%


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