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ZymoGenetics Reports "Positive" Results In Melanoma Study

DOW JONES NEWSWIRES ZymoGenetics Inc. (ZGEN) said an experimental immunotherapy treatment for metastatic melanoma showed "positive survival" results in a mid-stage trial. The data come in the midst of Bristol-Myers Squibb Co.'s (BMY) $836 million buyout of ZymoGenetics. Chief Executive Lamberto Andreotti has said the acquisition would strengthen its Hepatitis C portfolio. In the study of 40 patients with advanced melanoma, participants were treated with one of three doses of the drug. The median overall survival rate was 12.4 months, with 53% surviving after a year. Overall response rate was 23% in evaluable patients, and progression-free survival was 4.3 months. Common adverse effects were fatigue, rash, fever myalgia, anorexia, chills and nausea. Among ZymoGenetics other products are Recothrom, a drug used in surgeries to prevent blood clotting, and six biologic drug candidates for atopic dermatitis. ZymoGenetics shares closed Tuesday at $9.75--the buyout price--and were inactive premarket. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240; matthew.jarzemsky@dowjones.com

Stock News for Zymogenetics (ZGEN)
DateTimeHeadline
09/29/201007:03:38ZymoGenetics Reports "Positive" Results In Melanoma Study
09/08/201002:00:11Novo Nordisk Agrees To Sell ZymoGenetics Stake For DKK1.1 Billion
09/07/201018:39:13Bristol-Myers Squibb To Buy Biotech ZymoGenetics For $836 Million
12/08/200902:39:00Novo Nordisk Signs License And Patent Deal With ZymoGenetics

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