Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers


Two Allos Drugs Are Taking Aim At Cancer

Allos Therapeutics (ALTH) is the next biotech to watch. So argue some analysts, who expect Allos, which is developing anti-cancer drugs, to present "positive results" from two major products at a meeting in early December. Allos' lead compound, Efaproxyn, now in Phase III clinical trials, seeks to enhance radiation therapy for brain cancer. The other product, called PDX, is being tested in patients with peripheral T-cell lymphoma. Mark Monane of Needham, which has done banking for Allos, says what the biotech plans to reveal at the American Society of Hematology meeting "will fire up investor interest." He expects "encouraging" data on both drugs. Allos' stock has jumped from 3.80 on Nov. 3 to 5.74. Monane rates it a "strong buy," with a 12-month target of 9. He says a published study in the British Journal of Cancer on June 13 examined the effect of Efaproxyn in patients with brain cancer and found a "correlation between improved survival and response rate in those who received higher exposures [to the drug]." Rahul Jasuja of MDB Capital Group, who rates Allos a "buy," says these products provide "two shots at the goal."

Unless otherwise noted, neither the sources cited in Inside Wall Street nor their firms hold positions in the stocks under discussion. Similarly, they have no investment banking or other financial relationships with them. By Gene G. Marcial

blog comments powered by Disqus