SOURCE: Paragon Financial Limited

Paragon Financial Limited

September 21, 2011 08:16 ET

Dendreon and Human Genome Sciences -- Two of the Few Biotech Success Stories

The Paragon Report Provides Equity Research on Dendreon and Human Genome Sciences

NEW YORK, NY--(Marketwire - Sep 21, 2011) - The Paragon Report examines investing opportunities in the Biotechnology Industry and provides equity research on Dendreon Corporation (NASDAQ: DNDN) and Human Genome Sciences, Inc. (NASDAQ: HGSI). Access to the full company reports can be found at:

In recent years the FDA has been heavily scrutinized for making the approval process more difficult for drug developers. A groundbreaking study released this year by the BIO and BioMedTracker finds that the overall success rate for drugs moving through clinical trials to FDA approval from late 2003 to the end of 2010 is a mere 10 percent. Previously, the rate of approval was one in five to one in six. Oncology drugs faced the toughest road to approval despite the fact that the disease area is the most closely studied in all of drug development.

Janet Woodcock, the head of the FDA's drug division, is quick to dismiss concerns regarding the FDA's approval process. This summer in testimony before the House Energy and Commerce's health subcommittee, Woodcock explained the agency meets more than 90% of deadlines that are part of the drug review process. She also said so-called first cycle approvals are at a 20-year high with more than two-thirds of new drugs being approved within the six-to-10-month time frames given to new drug applications.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the biotechnology industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Both Dendreon and Human Genome Sciences managed to make it through the FDA's strict approval process. Dendreon's Provenge is a therapy designed to train a patient's immune system to fight prostate cancer. Studies indicate it extended patients' lives by about four months. Recently, the FDA approved a third facility where the company will make Provenge.

Human Genome Sciences -- whose lupus drug Benlysta was cleared for marketing by the FDA earlier this year -- recently reported a loss of $80.7 million, or 42 cents a share, for the three months ended June 30. That compares with a net loss of $56.9 million, or 30 cents a share, in the prior-year quarter. The company's management says it is making good progress with the US launch of Benlysta, adding that it received approval earlier this month to market the drug in Europe and Canada.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at