Higher Rate of FDA New Drug Approvals a Major Factor in Biotech Industry's Success in 2012
December 04 2012 - 7:20AM
Marketwired
The Biotech Industry has skyrocketed in 2012 as an increase in the
number of new drug approvals has boosted investor optimism within
the industry. The iShares Nasdaq Biotechnology Index Fund (IBB) and
the SPDR S&P Biotech ETF (XBI) have both gained over 25 percent
year-to-date. Five Star Equities examines the outlook for companies
in the Biotech Industry and provides equity research on StemCells,
Inc. (NASDAQ: STEM) and Aastrom Biosciences, Inc. (NASDAQ: ASTM).
Access to the full company reports can be found at:
www.FiveStarEquities.com/STEM www.FiveStarEquities.com/ASTM
"In 2011, the U.S. FDA approved 30 new drugs, compared to 21 in
2010," S&P Capital IQ wrote in a note. "Through September 2012,
the year-to-date total was 22. We see an improving trend for FDA
first cycle review approvals and a rise in the rate of new drug
approvals for rare diseases, which we think is helping to boost
investor sentiment for the agency, after years of criticism
stemming from inconsistency in making and communicating its
decisions."
Another key factor in the Biotech Industry's success has been
the "patent cliff" major pharmaceuticals have faced in 2012. Major
drug manufacturers have looked to biotech companies to help offset
major revenue losses from expiring patents as it is less time
consuming than developing new drugs through R&D.
Five Star Equities releases regular market updates on the
Biotech Industry so investors can stay ahead of the crowd and make
the best investment decisions to maximize their returns. Take a few
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StemCells is engaged in the research, development, and
commercialization of cell-based therapeutics and tools for use in
stem cell-based research and drug discovery. The Company's lead
therapeutic product candidate, HuCNS-SC cells, is currently in
development as a potential treatment for a broad range of central
nervous system disorders.
Aastrom Biosciences' proprietary cell-processing technology
enables the manufacture of ixmyelocel-T, a patient-specific
multicellular therapy expanded from a patient's own bone marrow and
delivered directly to damaged tissues. Aastrom has advanced
ixmyelocel-T into late-stage clinical development.
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