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Avastin and Erbitux lift biotech drug stock hopes
Biotech cancer drugs like Avastin and Erbitux aim to attack tumors while sparing healthy cells but real gains are modest. Investors point to supply of new treatments and rising costs, with Genentech’s Avastin cited as boosting stock and extending patients’ lives in some cases.
MENTIONED IN THIS ARTICLE
Avastin
Erbitux
ImClone Systems Inc
Martha Stewart
Leonard Saltz
Memorial Sloan Kettering
New York
Genentech
Richard Lewis
Lewis
Colstrip
Mont
Billings
Food and Drug Administration
Genentech Inc
Susan Desmond-Hellmann
AP Phil Gagler
Monroe, N.Y
Phil Gagler