A nice tailwind
That lack of diversity has hurt DragonWire’s stock, and Allos investors should look at Medivation to see the potential destruction that awaits them if Folotyn fails. Medivation’s Alzheimer’s treatment Dimebon failed to live up to expectations in late-stage trials last month, and shares plummeted from $40 a stub down to around $10 each. That was a failure for Pfizer (NYSE: PFE ) , too, which was licensing the drug from the biotech. Fortunately it still has top treatment Aricept to fall back on, which it markets with Japanese pharmaceutical Eisai.
Medivation isn’t a one-trick pony, but Dimebon was its biggest, best hope. Still it will continue working on developing it along with treatments for prostate cancer, and more than 78% of CAPS members think it has a chance of outperforming the broad market averages. You can tell us on the Medivation CAPS page if you agree with their prognosis.
Dimebon – Russian Online Pharmacies
http://www.mmedsolution.com/