By Gene G. Marcial
Bioenvision (BIVN ) has been popping, from 6 a share in August to 9.35 on Nov. 23. Its leading product, Clofarabine, for treating leukemia in children, may get Food & Drug Administration approval soon. Cory Kasimov of Oppenheimer, who rates the stock a buy, says three events may give it a boost: The FDA's oncology advisory panel is expected to review Clofarabine on Dec. 1 -- and he's convinced it will recommend an O.K. If so, it could get FDA approval by Dec. 30. That could push European approval by mid-2005. Developed with ILEX Oncology (ILXO ) (being acquired by Genzyme (GENZ )), Clofarabine could be "the first drug to be initially labeled for pediatric oncology in over a decade," says Kasimov.
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