Antigenics, Inc. (NASDAQ:AGEN)
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A biotechnology company, developing technologies and products to treat cancers and infectious diseases, based on immunological approaches.
Get rich slowly
A biotechnology company, developing technologies and products to treat cancers and infectious diseases, based on immunological approaches.
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Garo Armen strikes again. The difference in overall survival in all patients treated is far less impressive than the difference in the subset, and they're nowhere near median overall survival. No way this platform keeps this up through the rest of the trial, this is almost certainly just a statistical blip which will work itself out over time. Efficient market shmefficient market.
Taking the points for now, as I'm guessing Armen will find another way to reinflate this stock.
Antigenics Announces a Negative Vote From the CHMP on Oncophage® Marketing Application in Europe
Posted October 21, 2009
Antigenics Announces a Negative Vote From the CHMP on Oncophage® Marketing Application in Europe
London, UK - October 21, 2009 - Antigenics Inc. (NASDAQ: AGEN) today announced that the Committee for Medicinal Products for Human Use (CHMP), of the European Medicines Agency (EMEA), has verbally informed the Company at an oral meeting to anticipate a negative opinion on the marketing authorization application (MAA) for Oncophage (vitespen) in early-stage, localized renal cell carcinoma (kidney cancer).
Antigenics will evaluate its options, including an appeal of this decision, after the CHMP has formally adopted an opinion at the November 2009 plenary meeting. The patient population for which approval is being sought represents a major unmet medical need. There are no approved drugs in Europe or the United States for the post-surgical treatment of adjuvant kidney cancer, a disease characterized by a high risk of recurrence. Antigenics believes clinically relevant benefits were demonstrated with Oncophage in both recurrence-free survival and overall survival endpoints and that this benefit has persisted for nearly five years.
"With the considerable support of the urology and oncology communities, we will continue to evaluate our options for making Oncophage available to kidney cancer patients in the EU," said Garo Armen, Chairman and CEO of Antigenics.
Antigenics Receives NASDAQ Delisting Notification
NEW YORK--(BUSINESS WIRE)--Antigenics Inc. (NASDAQ: AGEN) announced that the company received a letter from the Listing Qualifications Staff of The NASDAQ Stock Market LLC (the “Staff”) on December 30, 2009 indicating that the company is not in compliance with Nasdaq Marketplace Rule 5550(a)(2) (the “Bid Price Requirement”) because the bid price for the company’s common stock has closed below the minimum $1.00 per share requirement for 30 consecutive business days.
There is no change in the trading of company common stock on the NASDAQ Capital Market at this time, and in accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the company has been provided 180 calendar days, or until June 28, 2010, to regain compliance with the Bid Price Requirement. After the initial 180 calendar day period, the company may be eligible for an additional 180 day compliance period to regain compliance with the Bid Price Requirement, assuming it continues to meet The NASDAQ Capital Market initial listing criteria set forth in Marketplace Rule 5505, excluding the Bid Price Requirement.
To regain compliance with the minimum bid price continued listing requirement, the bid price of the company's common stock must close at $1.00 per share or more for a minimum of ten consecutive business days. The Staff may, in its discretion, require the company's common stock to maintain a bid price of at least $1.00 per share for a period in excess of ten consecutive business days before determining that the Company has demonstrated an ability to maintain long-term compliance.
If compliance is not demonstrated within the applicable compliance period, the Staff will notify the company that its securities will be delisted from the NASDAQ Capital Market. However, the company may appeal the Staff’s determination to delist its securities to a Hearings Panel. During any appeal process, shares of the company’s common stock would continue to trade on the NASDAQ Capital Market.