Brean Murray Carret & Co Increases Price Target on ARIAD (ARIA) to $35

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ARIAD (ARIA) Announces Initial Clinical Proof-of-Concept for Cancer Treatment, AP26113

October 1, 2012 7:07 AM EDT

ARIAD Pharmaceuticals, Inc. (NASDAQ: ARIA) announced the initial clinical results on its investigational, tyrosine-kinase inhibitor, AP26113, in patients with advanced non-small cell lung cancer (NSCLC) from an ongoing Phase 1/2 trial. The study provides compelling clinical evidence of the anti-tumor activity of AP26113 at multiple dose levels in patients with anaplastic lymphoma kinase positive (ALK+) NSCLC and initial clinical evidence of anti-tumor activity in patients with epidermal growth factor receptor mutant (EGFR-m) NSCLC. The results are being presented this morning at the ESMO 2012 Congress of the European Society for Medical Oncology being held in Vienna,... More