DALLAS, Oct. 26, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring anti-cancer and antiviral drug developer Peregrine Pharmaceuticals (Nasdaq:PPHMD). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Peregrine Pharmaceuticals (Nasdaq:PPHMD) should be of particular interest to other biopharmaceutical companies: SuperGen Inc. (Nasdaq:SUPG), Human Genome Sciences (Nasdaq:HGSI), Amgen Inc. (Nasdaq:AMGN) and Schering-Plough Corp. (NYSE:SGP).
The full report is available at: http://www.stockpreacher.com/n/PPHMD
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Peregrine Pharmaceuticals (PPHMD), a clinical-stage biopharmaceutical company, engages in the manufacture and development of monoclonal antibodies for the treatment of cancer and viral infections. Its drug development pipeline consists of novel compounds bavituximab and Cotara, with which the Company pursues in three separate clinical programs in cancer and hepatitis C virus (HCV) infection. On October 21, the Company reported that bavituximab, in combination with Sanofi-Aventis' chemotherapy drug Taxotere, prompted an improvement in response rates in advanced breast cancer patients during a midstage clinical trial. The Company, through its wholly owned subsidiary Avid Bioservices Inc., also provides contract manufacturing services for biotechnology and biopharmaceutical companies, from pre-clinical drug supplies up through commercial-scale drug manufacture.
In the report, the analyst notes:
"On October 21, the Company announced positive results from its phase II trial evaluating bavituximab in combination with Taxotere, also known as docetaxel, in patients with advanced breast cancer. According to the Company, preliminary data at the end of the six planned treatment cycles in the phase II study showed that 28 of 46, or 61%, of all patients enrolled in the trial achieved an objective tumor response according to Response Evaluation Criteria In Solid Tumors (RECIST) criteria."
"PPHMD's advancements in its bavituximab and Cotara cancer clinical trials, which are considered to be key value drivers for the Company, have continued into fiscal year 2010. Lead drug bavituximab is stepping towards clearance in phase III trials, which should give the Company a significant boost. While the Company continues to move its drug prospects forward, it expects its new capital structure to attract a broader range of investors to the Company."
To read the entire report visit: http://www.stockpreacher.com/n/PPHMD
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