SOURCE: The Bedford Report

The Bedford Report

July 22, 2011 08:16 ET

Promising Products From AEterna Zentaris and Celsion Eager to Defy Odds

The Bedford Report Provides Equity Research on AEterna Zentaris & Celsion Corp

NEW YORK, NY--(Marketwire - Jul 22, 2011) - According the World Health Organization, cancer will become the leading cause of death worldwide this year. Cancer has already emerged as the most expensive disease -- costing the global economy nearly a trillion dollars a year. With cancer drugs alone costing the United States more than $30 million a year, it is clearly a lucrative sector for drug makers. The Bedford Report examines the outlook for companies in the Healthcare Sector and provides equity research on AEterna Zentaris, Inc. (NASDAQ: AEZS) and Celsion Corporation (NASDAQ: CLSN). Access to the full company reports can be found at:

Citing agency officials, The Wall Street Journal reported this month that the Food and Drug Administration (FDA) has approved 20 new drugs so far this year -- just one short of the total for all of 2010. Some lawmakers in Washington have been arguing that the FDA's tougher safety stance has slowed down the pace of drug approvals and hurting the pharmaceutical and biotech industry.

Janet Woodcock, the head of the FDA's drug division, defended the FDA's role, saying challenges being faced by the biotech and pharmaceutical industry are related to high failure rates of drugs in the development process rather than FDA regulations.

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Research from BioMed Tracker and BIO claims that the cancer drug success rate is a mere 4.7 percent. Upon revealing the study, the agency's Oncologic Drugs Advisory Committee endorsed several FDA proposals for tightening the accelerated approval standards.

AEterna Zentaris is a late-stage oncology drug development company currently investigating potential treatments for various cancers including colorectal, multiple myeloma, endometrial, ovarian, prostate and bladder cancer. Earlier this week the company said that it "reached a key milestone" in the non-clinical development of its prostate cancer vaccine candidate, AEZS-120, for oral administration.

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