The better buy between ImmunoGen
Marketing partner Roche reported that T-DM1 significantly improved the time that it takes a tumor to start growing compared to Herceptin plus chemotherapy in breast cancer patients.
The T in T-DM1 is for trastuzumab, the generic name for Herceptin, and the DM1is ImmunoGen's Targeted Antibody Payload technology, which kills the tumor cells after the Herceptin antibody delivers the chemotherapy.
I'm a little surprised at the magnitude of the jump. A positive result isn't all that surprising given the previous data. And this was only top like data; "significantly improved" sounds impressive, but it sure would be nice to have hard numbers rather than qualitative descriptions.
My best guess was that investors were worried that the Food and Drug Administration refusing to accept Roche's application for accelerated approval was bad omen and a second positive trial is giving them a little more confidence in ImmunoGen's technology and potential that other partnerships with sanofi-aventis
Even after the increase, Seattle Genetics is still more expensive -- and rightfully so. It could have its first drug, brentuximab vedotin, on the market by the end of Aug. ImmunoGen will need to wait for the completion of a phase 3 trial, testing T-DM1 against GlaxoSmithKline's
Which one is a better buy now? I'm sticking with my suggestion to buy both.
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ImmunoGen is a Motley Fool Rule Breakers selection. GlaxoSmithKline is a Motley Fool Global Gains recommendation. The Fool owns shares of GlaxoSmithKline. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.