Onyx, Millennium, Ariad: Firms to Watch at Hematology Meeting

[Corrected 12/07/12, 10:18 pm. See below.] The life sciences industry has been talking up personalized medicine for more than a decade, but so far the idea that diseases will be treated with a unique drug regimen tailored to each patient has made little headway in actual clinical practice. A number of drug developers large and small may finally be making personalized medicine a reality, however, for at least one disease category—blood cancers.

Their progress will be on display at the high-profile American Society of Hematology (ASH) annual meeting in Atlanta Dec. 8-11. Data will be presented at the meeting from lab studies and clinical trials for a number of promising drugs, both newly approved and in the pipeline, for leukemia, lymphoma and myeloma.

Multiple myeloma patients already got another treatment option in July when Onyx Pharmaceuticals (NASDAQ: [[ticker:ONXX]]) of South San Francisco, CA, won FDA approval for carfilzomib (Kyprolis), a type of drug called a proteasome inhibitor that blocks cellular structures critical to cancer cell survival. Carfilzomib is meant for people who don’t respond to bortezomib (Velcade) from Millennium and lenalidomide (Revlimid) from Celgene (NASDAQ: [[ticker:CELG]]), drugs that themselves vastly improved the outlook for myeloma patients when they were introduced less than 10 years ago. But already the next generation of proteasome inhibitors, administered by pill instead of injection or IV, will be among the most closely watched drugs at ASH this year.

The rapid progress in blood cancer therapies started with Novartis’s breakthrough imatinib (Gleevec), approved in 2001 for chronic myeloid leukemia. Decades of work identifying the genes and cellular mechanisms linked to cancers that start in the blood, bone marrow, or lymphocytes led to a rapid succession of targeted therapies over the past decade, and these new drugs

Author: Catherine Arnst

Catherine Arnst is an award- winning writer and editor specializing in science and medicine. Catherine was Senior Writer for medicine at BusinessWeek for 13 years, where she wrote numerous cover stories and wrote extensively for the magazine’s website, including contributing to two blogs. She followed a broad range of issues affecting medicine and health and held primary responsibility for covering the battle in Washington over health care reform. Catherine has also written for the Boston Globe, U.S. News & World Report and The Daily Beast, and was Director of Content Development for the health practice at Edelman Public Relations for two years. Prior to joining BusinessWeek she was the London-based European Science Correspondent for Reuters News Service. She won the 2004 Business Journalist of the Year award from London’s World Leadership Forum, and in 2003 was the first recipient of the ACE Reporter Award from the European School of Oncology for her five-year body of work on cancer. She holds a bachelor’s degree in journalism from Boston University.