This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cancer Stocks Focus of ASCO Abstract Release

Treatment with ruxolitinib reduced the risk of death by 33% compared to a placebo, although this survival benefit -- a secondary endpoint of the study -- was only a trend and did not reach statistical significance.

New safety data include a 34% rate of thrombocytopenia (abnormally low platelet counts) reported by ruxolitinib patients compared to a 9% rate for placebo patients. The discontinuation rate due to thrombocytopenia was 0.6% for ruxolitinib compared to 0.7% for placebo patients.

Incyte and Novartis previously disclosed the primary endpoint of the COMFORT-1 study: Treatment with 24 weeks of ruxolitinib significantly reduced the spleen size of 42% of myelofibrosis patients compared to 0.7% of patients treated with a placebo.

Results from a second, positive phase III study of ruxolitinib in myelofibrosis dubbed COMFORT-II and conducted in Europe will be presented at the ASCO meeting next month. Data from this study remain embargoed and were not released Wednesday. Incyte and Novartis have stated their intention to seek regulatory approval of ruxolitinib later this quarter.

New details also emerged Wednesday from a phase III study of Ariad Pharmaceuticals' sarcoma drug ridaforolimus. While a survival analysis of the study is still ongoing, patients treated with ridaforolimus have to date reported a median overall survival of 88 weeks compared to a median overall survival of 79 weeks for placebo-treated patients. The 8% relative reduction in the risk of death favoring ridaforolimus is not yet statistically significant.

Ariad and its partner Merck (MRK) previously announced meeting the study's primary endpoint -- a statistically significant, 28% reduction in the risk of tumor progression that favored ridaforolimus over placebo. Ariad and Merck will be seeking approval for ridaforolimus later this year.

Exelixis's cancer drug cabozantinib will be the subject of three closely watched oral data presentations at this year's ASCO meeting, although the research abstracts released Wednesday yield little new disclosures about the drug's efficacy and safety. Still, cabozantinib is one of the more exciting drugs at this year's conference, prompting ASCO officials to highlight the drug during a preview press conference on Wednesday afternoon.
2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ONXX $0.00 0.00%
ARIA $4.61 0.00%
BMY $61.08 0.00%
CELG $103.16 0.00%
EXEL $4.23 0.00%


Chart of I:DJI
DOW 15,914.74 -99.64 -0.62%
S&P 500 1,851.86 -0.35 -0.02%
NASDAQ 4,283.5920 +14.8290 0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs