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Kirk Lindstrom
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Kirk Lindstrom has an engineering degree from the University of California, Berkeley. Following 20 years of research and development as a scientist and engineer at Hewlett Packard, Kirk turned his attention to investments where he edits "Kirk Lindstrom's Investment Letter," that... More
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  • Antigenics Soars on Oncophage Kidney Cancer Survival Data 0 comments
    Jun 3, 2009 9:25 AM

    One of my "explore portfolio" stocks, Antigenics Inc., (AGEN Charts) surged recently on positive survival data for its cancer drug Oncophage® (vitespen).

    Charts don't show on instablogs with cut and paste so read the full article at:

    Antigenics Surges on Oncophage Kidney Cancer Survival Data

    As of today's close at $1.53, AGEN is up 219% YTD.
    Click chart courtesy of stockcharts.com for full size image here

    Interim survival data showed that patients with kidney cancer at intermediate risk of disease recurrence demonstrated an approximately 46% lower risk of death when treated with Oncophage® compared to the control group. Press Release

    Adding to the good news, survival comes without significant "toxicities"
    “Demonstration of an overall survival benefit remains the gold standard, and these interim results show that Oncophage has a real promise of improving survival in patients with earlier-stage disease for whom current prognosis remains poor,” said Dr. Wood. “Based on these results, Oncophage offers these patients a potential treatment that extends survival without significant toxicities.”
    About Oncophage:
    In April 2008, Oncophage was approved in Russia for the adjuvant treatment of kidney cancer patients at intermediate-risk for disease recurrence. Pre-commercial launch activities are ongoing. In October 2008, Antigenics submitted a marketing authorization application to the European Medicines Agency (EMEA) requesting conditional approval for Oncophage in earlier-stage, localized renal cell carcinoma.

    Derived from each individual’s tumor, Oncophage contains the ‘antigenic fingerprint’ of the patient’s particular cancer and is designed to reprogram the body’s immune system to target only cancer cells bearing this fingerprint. Oncophage is intended to leave healthy tissue unaffected and limit the debilitating side effects typically associated with traditional cancer treatments such as chemotherapy and radiation therapy. Oncophage has been studied in Phase 3 clinical trials for the treatment of kidney cancer and metastatic melanoma and is currently being investigated in a Phase 2 trial in recurrent glioma.

    Oncophage received fast track and orphan drug designations from the US Food and Drug Administration (FDA) for both kidney cancer and metastatic melanoma as well as orphan drug designation from the EMEA for kidney cancer. In 2009, Oncophage also received orphan drug designations from the FDA and EMEA for glioma.

    In April 2009, the World Vaccine Congress named Oncophage as the best therapeutic vaccine.
    Even if you do not own the stock, you have to hope the company is successful as the treatment has the potential to work with almost all cancers.

    Disclaimer: I own and cover AGEN in "Kirk Lindstrom's Investment Letter" with my last buy below the current price as of this writing. I may sell or buy more shares without notice here but I will update my subscribers of any changes.

    Doubled Money in a Down Market!

     

    Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 111% (over a double!) vs. the S&P500 DOWN 9% vs. NASDAQ down 16% vs. Warren Buffett's Berkshire Hathaway (BRKA) up 31% (All through 6/2/09)

    As of June 2, 2009, "Kirk's Newsletter Explore Portfolio" is up 8.4% YTD
    vs. DJIA DOWN 0.4%    (More Info & FREE Sample Issue)

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