YM BioSciences (YMI)
The event: Phase II study of CYT387 in myelofibrosis.
The timeline: Data at the American Society of Hematology (ASH) annual meeting, Dec. 10-13, 2011. An early peek at the CYT387 data could come in early November when ASH releases research abstracts for its annual meeting.
The stakes: YM BioSciences suffers from a credibility deficit. The company believes CYT387 is a best-in-class drug for myelofibrosis, capable of shrinking enlarged spleens, and most importantly reducing anemia without causing too many harmful side effects. Investors and potential partners want to see more data on CYT387 before they buy into YM Bioscience's story, which makes the ongoing phase II study critical for the company's future.
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