Jul 02nd 2012 - Edison Investment Research today published a report on Synta Pharmaceuticals entitled "Synta Pharmaceuticals - Early, But Positive (as Expected)". In summary, the report says:
Synta has disclosed the much-anticipated data that supported a decision to go ahead with the Phase III stage of its GALAXY study of ganetespib in second-line, non-small cell lung cancer (NSCLC). The data show encouraging signs of efficacy, including a 2.5- to 3-fold improvement in PFS in two subgroups of adenocarcinoma, namely those with mutant KRAS and with elevated LDH. Improvements were seen in PFS and OS (with separation of the Kaplan-Meier curves) in the all adenocarcinoma group, but not in non-adeno. However, the decision not to disclose the statistical data on these results, seemingly for good reasons, panicked the market.
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