On this week's episode of Biotech Banter, senior biotech specialist Brian Orelli and health-care analyst David Williamson discuss the tweet of the week from David Miller of AlpineBioVentures, who says, "Tip for those new to the ASCO thing: Abstracts are less than half the story. Posters & presentations are the real data."
We got a lot of data in the abstracts that were released earlier this month. But as David points, out there's more data to come.
The late-0breaking abstracts won't be released until the meeting begins on Friday. There investors can expect to see phase 2 data on AstraZeneca's (NYSE: AZN ) ovarian cancer drug olaparib, phase 3 lung cancer data for Eli Lilly's (NYSE: LLY ) Cyramza, and phase 3 data for Johnson & Johnson (NYSE: JNJ ) and Pharmacyclics' Imbruvica in elderly patients with CLL. There will also be a couple of high-profile melanoma studies: Bristol-Myers Squibb's (NYSE: BMY ) Yervoy as an adjuvant therapy after surgery and the use of Merck's (NYSE: MRK ) MK-3475 in patients who haven't received Yervoy.
Investors can also look forward to expanded data from the abstracts that were released last week. Brian highlights safety data for Bristol-Myers Squibb's Yervoy-PD1 combo that he's looking forward to seeing. Watch the following video for further insight on what to expect at ASCO.
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