YMI YM BioSciences mentioned in Inside Wall Street - BusinessWeek Online (3.51 )
BusinessWeek Online reports biotech, YM Biosciences (YMI) may have a winner in Tesmilifene for metastatic breast cancer. Now in Phase III trials, Tesmilifene has been shown to improve the effectiveness of commonly used chemotherapies in prolonging life. In January, YM signed a pact with Sanofi-Aventis (SNY) to investigate the effect of combining Tesmilifene with Sanofi's Docetaxel to treat fast-growing tumors. The study will test whether using Tesmilifene together with Docetaxel enhances the survival of seriously ill patients without increasing toxicity. Initial research will be conducted in Europe and the U.S. Another YM product, for brain cancer, will go into Phase III trials soon. Mitchell Kaye of XmarkCapital Partners, the lead investor, with 10%, says Tesmilifene could generate annual sales of $1 bln. YM could hit 15 in a year, Kaye figures.