Incyte bone-marrow cancer drug reduces risk of death
Wed May 18, 2011 8:12pm EDT 
 
 * Side effects include anemia, low platelet counts 
 
 * Results from 2nd trial to be presented at ASCO meeting 
 
 LOS ANGELES, May 18 (Reuters) - Incyte Corp's (INCY.O) 
experimental drug ruxolitinib was shown in a pivotal trial to 
reduce the risk of death for myelofibrosis patients by 33 
percent compared with a placebo, although the difference was 
not statistically significant. 
 
 Incyte and partner Novartis AG (NOVN.VX) had previously 
announced that the trial -- which tested the drug in 
myelofibrosis, a cancer of the bone marrow -- met its goal of 
significantly reducing the spleen size of patients. 
 
 Ten deaths were seen in the group of patients treated with 
ruxolitinib, compared with 14 for the placebo group. 
 
 The additional trial details were released on Wednesday 
ahead of the annual meeting of the American Society of Clinical 
Oncology. 
 
 Wells Fargo analyst Brian Abrahams said the details held 
few surprises, but did confirm the drug's strong profile -- 
showing that symptom scores dramatically improved versus 
placebo. 
 
 He said the anemia rate of 31 percent and low blood 
platelet rate of 34 percent were not unexpected. 
 
 "The related discontinuation rates were low, indicating 
they were manageable," Abrahams said in a research note. 
 
 A second trial of the drug is scheduled for presentation at 
the ASCO conference in June. 
 (Reporting by Deena Beasley; Editing by Dale Hudson) |