NanoPundit -Where Society, Science and the Law get really, really small.

Tuesday, April 12, 2005

More on Abraxane

NanoPundit’s one and only Instapundit link was related to Abraxane, the instalanche accounts for about half of my traffic to date. Business Week provides an update on Patrick Soon-Shiong’s quest to bring Abraxane to market.

Business Week Online provides the backstory of American Pharmaceutical Partners (APPX ) ten year struggle to bring Abraxane to market. Abraxane is essentially Taxol which is reduced to nanosize and bonded to albumin (a protein found in egg whites). The process avoids the use of solvents which cause adverse reactions in cancer patients and limits dosage.

The story sounds like it could be a made for TV movie with twists and turns including:
strike suits from investors (no word if Bill Lerach was involved)
attacks by short-sellers
fraud accusations

APP stock almost doubled when the FDA approved Abraxane and analysts expect revenues to increase 50%, to $609 million, this year and profits to double, to $120 million.

Helping cancer victims and making big bucks, isn’t that what high technology is all about.

3 Comments:

  • "Help me if you can I'm feeling down" - I also think I must be lost.

    I was searching for Elvis and somehow ended up in your blog, but you know I'm sure I saw him on the golf course yesterday. Now this is strange because usually I see him in the supermarket.

    Honest really, last time I saw him there he was right in front of me, next to the steaks singing "Love me Tender".

    He said to me (his lip was only slightly curled) "Boy, you need to get yourself a shiny, new lcd tv to go with that blue suede sofa of yours.

    But Elvis said I, In the Ghetto nobody has a lcd tv .

    Dude I'm All Shook Up said Elvis. I think I'll have me another cheeseburger.

    Then I'm gonna go home, put ma dancin' suit on, munch me some uppers and freak out to that maaaaaaaaad surfing scene in Apocalypse Now on ma lcd tv .

    How cool is that boy?

    And then he just walked out of the supermarket singing. . .

    "You give me love and consolation,
    You give me strength to carry on "

    Strange day or what? :-)

    By Anonymous Anonymous, at 1:26 AM  

  • I'd have to say that I agree with you 100%. You might like this golf shirt golf site that I came across. Thanks again for your insight.

    By Anonymous Anonymous, at 11:52 PM  

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