Abraxane combined with carboplatin was shown to be superior to Taxol plus carboplatin in terms of overall response rate in a Phase III study in patients with non-small-cell lung cancer (NSCLC), Abraxis BioScience Inc. reported. (BioWorld Today)

Shares in Medivation Inc. fell 67.5 percent Wednesday on news that its Phase III trials of Alzheimer's drug candidate Dimebon missed all of the study's stated goals, smashing some high hopes on Wall Street. (BioWorld Today)