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European Panel Backs Schering-Idec Drug

September 26, 2003|From Reuters

A new cancer treatment from German drug maker Schering and Idec Pharmaceuticals Corp. of San Diego was recommended for approval by a European panel of experts.

The Committee for Proprietary Medicinal Products gave a positive opinion on Zevalin, a treatment for non-Hodgkin's lymphoma, at its monthly meeting, the London-based European Medicines Evaluation Agency said.

Schering shares rose 85 cents to $44.60 on the New York Stock Exchange. Idec shares fell 49 cents to $34.84 on Nasdaq.

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