Biogen experimental drug shows evidence of optic nerve repair

A pedestrian passes the sign outside the headquarters of Biogen Idec Inc. in Cambridge(Reuters) – An experimental drug from Biogen Idec Inc showed evidence of biological repair of the optic nerve in a mid-stage study in patients with acute optic neuritis, an inflammation of the optic nerve that can lead to vision loss. The drug is also being tested in patients with multiple sclerosis, an inflammatory disease that attacks the protective covers of nerve cells. Current treatments focus on decreasing inflammation rather than regenerating cells. That study's results are due in 2016, the company said. …

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CytRx cancer drug shows promise in mid-stage study

(Reuters) – CytRx Corp said its cancer drug was effective against a type of skin cancer in HIV+ patients, sending its shares up 13 percent before the bell. Interim data from an ongoing mid-stage study showed that the drug, aldoxorubicin, stopped tumor growth in HIV+ patients suffering from Kaposi’s Sarcoma, the company said on Thursday. The U.S. Food and Drug Administration placed a hold on enrolling new patients in all clinical trials of aldoxorubicin in November, after a patient died. (Reporting by Rosmi Shaji in Bengaluru; Editing by Simon Jennings)
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