Two Possible Upcoming Approvals for Spectrum Pharmaceuticals (Nasdaq:SPPI)
Pasadena, CA - 06/12/09 - BioMedReports.Com, the news portal covering the biomedical sector that delivers financial and investment intelligence to a community of highly informed investors has initiated a report on Spectrum Pharmaceuticals.
Spectrum Pharmaceuticals (Nasdaq:SPPI) has not one but two late-stage drugs up for approval in the next four months.
While SPPI is already up 250%+ YTD, BioMedReport’s Justin Hall believes the show is just getting started.
Two Key Dates:
July 2 – The first of two big dates SPPI has regulators is scheduled for July 2. SPPI is seeking approval for their non-Hodgkin’s lymphoma (NHL) radio-immunotherapeutic, Zevalin. With approval, SPPI will market Zevalin as first-line consolidation therapy for NHL. In doing so, SPPI will finally make this effective treatment available to a greater number of patients, estimated near 28,000. Over the next 12 to 18 months, sales of Zevalin are highly likely to surge, which should translate into a big win for SPPI shareholders. I estimate Zevalin sales could reach $180 million during this time.
October 8 – The second big date is October 8. Here, SPPI is seeking approval for yet another cancer drug, Fusilev. Like Zevalin, Fusilev is also already approved by the FDA for osteosarcoma or bone cancer, which SPPI obtained in early 2008. As I recall, shares of SPPI went close to Nowhereville. That was then. In 2009, Fusilev is indicated for colorectal cancer, which affects many more Americans than osteorsarcoma. Fusilev is already approved in Europe and sold under a different trade name. Outside of the United States, sales of Fusilev, attributed to colorectal cancer, are approximately $200 million.
Investors are invited to read the full report on the company which includes company sales projections, price targets as well as a close look at Zevalin: A radio-immunotherapeutic that specifically targets and kills cancer cells, while leaving healthy cells intact.
It is available to all readers at BioMedReports.Com:
Biotech investors interested in seeing the complete database of clinical trials and upcoming FDA decisions can access that information here:
Disclosure: No positions.
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