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Bayer Shakes Up Prostate Cancer Market

In the following video Fool contributor Maxx Chatsko updates investors on yet another treatment set to enter the quickly growing prostate cancer market. The Food and Drug Administration recently approved Xofigo, an advanced prostate cancer drug, from Bayer -- months before its PDUFA review -- for patients with castration-resistant prostate cancer who have symptomatic bone metastases and no known visceral metastatic disease.

This is amazing news for patients and yields more specific treatment for those affected by prostate cancer. It could go a long way in helping the approximately 240,000 new cases of prostate cancer that are diagnosed each year. The approval also shakes up the cancer drug market quite a bit. This is horrible news for ailing Provenge from Dendreon (NASDAQOTH: DNDNQ  ) , but also poses significant competition to Zytiga from Johnson & Johnson (NYSE: JNJ  ) and Xtandi by Medivation (NASDAQ: MDVN  ) . 

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  • Report this Comment On May 29, 2013, at 8:39 PM, rscurology wrote:

    I need to respectfully disagree that this is "horrible news" for Dendreon. The NCCN guidelines recommend the use of PROVENGE in asymptomatic or minimally symptomatic pts with CRPC M1 disease. Xofigo got approval for the symptomatic patient. So, many would suggest that Xofigo actually may increase PROVENGE use by making the symptomatic patient now asymptomatic, allowing PROVENGE use in a patient population that otherwise might not had ever seen the drug due to their symptoms. I agree that it is more options for the CRPC patient.

  • Report this Comment On May 29, 2013, at 10:48 PM, bhukaplan wrote:

    I think you should talk to some oncologists before making comments. The drug is good to have for patients with painful bone mets and no lymph node or other involvement. It will almost surely be used after provenge, abiraterone, enzalutamide and probably taxotere. It does not cure anybody but relieves pain and prolongs life by 4 months. I am glad to have it but it will have little or no impact on the other meds. By the way, Bayer completely screwed up the release. It can take months for nuclear medicine physicians to be licensed to use this drug

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