| New Ways to Treat Pain A host of new treatment techniques offer hope for the 76.5 million American adults who suffer from chronic pain. But some of the therapies might be too radical a move for some people. online.wsj.com |
Affymax Sell-Off: Did Investors Overreact? Joseph Krueger submits: On June 21, Affymax (AFFY) and their partner Takeda Pharmaceutricals (TKPHF.PK) announced phase 3 trial results for their investigational drug, Hematide (peginesatide), a novel peptide-based, long acting erythropoietin agonist. The trial examined the efficacy of hematide for the treatment of anemia in chronic renal failure, and met all of its primary efficacy and safety endpoints to demonstrate equivalency to recombinant erythropoietin (epoetin and darbepoetin). Normally, one would expect this to be interpreted as good news, but in the case of AFFY, it was interpreted as bad news due to the inclusion of this statement in the headline: “With Some Differences Noted in Secondary Analyses”.Spooked investors quickly sold off AFFY stock giving it a 60% haircut from its prior trading of almost $22.50 to about $8.50 by market open. This type of market behavior is understandable, given that Hematide is Affymax’s sole clinical asset, and the failure of Hematide would leave Affymax without any clinical pipeline. Most traders expected a bounce from there as investors stop panicking and absorbed the significance of the news.Complete Story » seekingalpha.com |
Covance Reports Second Quarter Revenue of $475M and EPS of $0.49; Updates Full-Year Financial Targets (PR Newswire) Covance Inc. today reported earnings per diluted share for its second quarter ended June 30, 2010 of $0.49, including $0.09 of facility rationalization and other cost reduction actions during the second quarter, versus $0.60 in the first quarter of 2010 and $0.67 in the second quarter of 2009. us.rd.yahoo.com |
Gene-Altered Fish Closer to Approval The U.S. has moved closer to approving a lab-tweaked salmon that grows twice as fast as farmed fish and would become the first genetically modified animal to appear on American dinner plates. online.wsj.com |
NU SKIN PARTNER ON ANTI-AGING - Video New Studies Show Significant Anti-Aging Benefits of Cordyceps feedproxy.google.com |