Promising Products From AEterna Zentaris and Celsion Eager to Defy Odds
July 22 2011 - 8:16AM
Marketwired
According the World Health Organization, cancer will become the
leading cause of death worldwide this year. Cancer has already
emerged as the most expensive disease -- costing the global economy
nearly a trillion dollars a year. With cancer drugs alone costing
the United States more than $30 million a year, it is clearly a
lucrative sector for drug makers. The Bedford Report examines the
outlook for companies in the Healthcare Sector and provides equity
research on AEterna Zentaris, Inc. (NASDAQ: AEZS) and Celsion
Corporation (NASDAQ: CLSN). Access to the full company reports can
be found at:
www.bedfordreport.com/AEZS www.bedfordreport.com/CLSN
Citing agency officials, The Wall Street Journal reported this
month that the Food and Drug Administration (FDA) has approved 20
new drugs so far this year -- just one short of the total for all
of 2010. Some lawmakers in Washington have been arguing that the
FDA's tougher safety stance has slowed down the pace of drug
approvals and hurting the pharmaceutical and biotech industry.
Janet Woodcock, the head of the FDA's drug division, defended
the FDA's role, saying challenges being faced by the biotech and
pharmaceutical industry are related to high failure rates of drugs
in the development process rather than FDA regulations.
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Research from BioMed Tracker and BIO claims that the cancer drug
success rate is a mere 4.7 percent. Upon revealing the study, the
agency's Oncologic Drugs Advisory Committee endorsed several FDA
proposals for tightening the accelerated approval standards.
AEterna Zentaris is a late-stage oncology drug development
company currently investigating potential treatments for various
cancers including colorectal, multiple myeloma, endometrial,
ovarian, prostate and bladder cancer. Earlier this week the company
said that it "reached a key milestone" in the non-clinical
development of its prostate cancer vaccine candidate, AEZS-120, for
oral administration.
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