Word: avastin
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...stock market started to find its footing last July, biotech shares have risen 57%. Another bubble? Not necessarily. Many of the companies have marched steadily closer to bringing products to market. MedImmune's inhalable flu preventive FluMist was approved two weeks ago. In May, Genentech's colon-cancer drug Avastin stunned scientists with its effectiveness in trials and is widely expected to be approved soon. Dozens of other products are in the works. "We're starting to see the fruits of biotech research," says Kenneth Carter, CEO of Avalon Pharmaceuticals, which is working on three cancer drugs...
...Avastin announcement is the first major triumph in this field,” Li said. “This marks a turning point in the war against cancer because it proves for the first time that Dr. Folkman’s theory is correct...
With the recent success of Avastin “all this laboratory work, for the first time in the last few years, is being translated from the lab to the bedside,” Folkman said...
...Avastin, made by San-Francisco-based Genentech Inc., is injected into patients and acts as a honing missile that neutralizes a protein that redirects blood flow to tumors...
...development of Avastin only took six years—a pace Li described as “break-neck speed...