Monday, June 1, 2009

Novel Targeted Radiation Therapy From Immunomedics Produces Objective Responses in Pancreatic Cancer

ORLANDO, Fla., May 31, 2009 (GLOBE NEWSWIRE) -- Immunomedics, Inc. (Nasdaq:IMMU), a biopharmaceutical company focused on developing monoclonal antibodies to treat cancer and other serious diseases, today reported a 30% objective response rate in 10 evaluable patients with inoperable, advanced pancreatic cancer treated with a novel targeted radiation therapy developed by the Company in combination with gemcitabine. Interim results from the ongoing Phase Ib dose-escalation study were presented at the 2009 Annual Meeting of American Society of Clinical Oncology.

"Targeted radiation therapy is well suited for solid cancers, such as pancreatic cancer, and our data, though limited, corroborate this notion," remarked Cynthia L. Sullivan, President and CEO. "In light of the fact that there aren't many viable treatment options for patients with advanced pancreatic cancer, we believe clivatuzumab tetraxetan labeled with yttrium-90 is in a good position to become the first radioimmunotherapeutic agent for pancreatic cancer therapy, and we currently intend to develop it through commercialization on our own," continued Ms. Sullivan.

source: GlobeNewswire

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