Jun 20th 2012 - Edison Investment Research today published a report on OncoGenex Pharmaceuticals entitled "Update On OGX-427". In summary, the report says:
Further data on OncoGenex’s OGX-427 continue to indicate that the product has significant potential in castration resistant prostate cancer (CRPC), even with the advances that are occurring. J&J’s abiraterone (Zytiga) and Medivation’s MDV3100 will probably be used routinely before chemotherapy for treating CRPC. OGX-427’s mechanism of action suggests it could be a complementary therapy to these drugs, a hypothesis that will soon be tested in a Phase II study with abiraterone. However, increased costs lead us to lower our valuation by $10m to $397m.
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