Antigenics Should Rise on the Promise of Cancer Immunotherapy Treatments

After last week's forty percent drop in price, Antigenics (AGEN) issued an early morning press release on Monday announcing promising results for the company's Phase II trial that will measure the effectiveness of Oncophage in treating patients with recurrent high grade glioma (brain cancer).

Data from the first twenty patients treated with Oncophage demonstrated a median survival of 10.1 months, well above the historic average of 6.5 months, and slightly better than Avastin's 9.2 months. However, Oncophage gets a leg up in terms of 'quality of life' (side effects), according to the press release - an important issue for patients, as we learned from the powerful patient lobby that came to the forefront during the Provenge trials.