GO
Loading...

ImmunoGen CEO on New Breast Cancer Drug

A new breast cancer drug is expected to head to the FDA for approval by the middle of next year, ImmunoGen CEO Daniel Junius told Cramer Monday.

The biotech company’s stock closed up almost seven percent Monday after news that the phase two trial of T-DM1 showed that it worked better than the standard treatment. The drug, which combines ImmunoGen’s DM1 cancer cell-killing agent with Roche’s antibody trastuzumab, showed a 41 percent reduction in the risk of the cancer getting worse with half as many severe side effects.

Now, phase three studies are underway, Junius told the “Mad Money” host. One is looking at first-line therapy, the initial treatment of the disease, and the other is focused on second-line therapy. He expects the second-line study to go to the FDA for approval in the U.S. and Europe by “maybe the middle of next year.” The first-line patients may see the drug, if it is approved, in 2014.

To see the full interview, watch the video.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

Symbol
Price
 
Change
%Change
IMGN
---

Featured

Contact Mad Money

  • Showtimes

    U.S.
    Monday - Friday 6p ET
    Australia
    Saturday 8a, 1p, 7p SYD
    Sunday 12a, 1a, 8a, 7p SYD
    New Zealand
    Saturday 10a, 3p, 9p NZ
    Sunday 2a, 3a, 10a, 9p NZ
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.