Update 1: Genentech Reports Positive Avastin Study
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Genentech Inc. and Swiss drug maker Roche Holding AG said Monday that a recent study showed their colon cancer drug Avastin significantly extended patient survival when combined with an oxaliplatin-based chemotherapy drug.
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Genentech Inc. barely scraped past Wall Street's expectations Monday as the biotech giant renowned for its phenomenal growth posted a 6 percent rise in fourth-quarter profits.
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Genentech Inc.  on Wednesday said third-quarter earnings rose 50 percent, spurred by growth in new colon cancer treatment Avastin and strong sales of its older drugs, and raised its full-year profit forecast.
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On Thursday, biotechnology companies Genentech Inc. and OSI Pharmaceuticals Inc. said US regulators have approved their drug Tarceva for treating the most common form of lung cancer.
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Genentech and Biogen Idec's drug shows positive results against multiple sclerosis.
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GlaxoSmithKline yesterday trumpeted the preliminary results from a study it said found its embattled diabetes drug, Avandia , causes no more heart risks than other medications typically used by patients with diabetes .
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Shares in OSI Pharmaceuticals (OSIP :Nasdaq - news - research) and Genentech (DNA :Nasdaq - news - research) jumped Friday after AstraZeneca (AZN :NYSE - news - research) said new medical data showed its lung cancer drug Iressa provided no survival
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Genentech appears to have resolved a dispute with ophthalmologists that will allow its drug Avastin to continue to be used to treat eye diseases, boths sides said.
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Tercica gets a partnership with Genentech.
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Genentech Inc colon and lung cancer  drug Avastin, along with standard chemotherapy, increases  survival rates of patients with a very deadly type of brain  tumor, U.S. researchers said on Thursday.
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Biomira reports favorable Phase II test results.
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There's encouraging news about an enzyme replacement drug.
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Shares in BiogenIdec (BIIB:Nasdaq - news - research) and Elan (ELN:NYSE - news - research)rose early Monday after the companies released what they described as &quot;compelling&quot; phase III test results for their multiple sclerosis drug Antegren.
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Credit Suisse First Boston said that an announcement from Onyx Pharmaceuticals (nasdaq: ONXX - news - people ) is &quot;good news&quot; for Genentech (nyse: DNA - news - people ) and its Avastin treatment.
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Genentech Inc.  said on Wednesday that second-quarter profit rose 41 percent, fueled by growth from cancer drugs Rituxan and Avastin.
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The drug Avastin helped stem the progression of advanced kidney cancer better than standard therapy alone, according to a study released at the American Society of Clinical Oncology's annual meeting on Saturday.
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Adding the drug Avastin to a  regimen of targeted therapy Erbitux and chemotherapy in  patients with advanced colon cancer is more effective than the  two drugs alone, a leading cancer researcher said on Wednesday.