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STUDY BACKS AMGEN'S ENBREL.


Byline: Evan Pondel Staff Writer

THOUSAND OAKS Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown.  - Biotechnology giant Amgen Inc. said Friday that a pivotal study involving Enbrel proved the arthritis drug's ability to treat against moderate-to-severe psoriasis.

The study, presented at the annual Meeting of the American Academy of Dermatology The American Academy of Dermatology (AAD) is the largest organization of dermatologists in the world.

The Academy grants Fellowships and Associate Memberships, as well as Fellowships for Nonresidents (of the United States of America or Canada).
 in San Francisco, demonstrated that patients treated with Enbrel showed significant improvements in their symptoms. In the study, 49 percent of the patients treated with 50 mg of Enbrel twice weekly achieved at least a 75 percent improvement compared with a placebo after three months of therapy.

Analysts praised the study's findings, although they didn't believe it was surprising given Enbrel's already proved success.

``It's all about marketing. The company has had several of these releases. Amgen simply wants to broaden the drug's label. This is how you do it,'' said Stefan Loren, an analyst with Legg Mason in Maryland, in a previous interview.

Amgen and Johnson & Johnson have been battling to out-position each other in the arthritis-treatment arena.

A day before Amgen released the study results, Johnson & Johnson said its arthritis drug Remicade improved symptoms of the skin disorder psoriasis in 88 percent of patients receiving the highest dose of the drug.

Remicade is an antibody used to block the protein that causes inflammation. It's also approved to treat rheumatoid arthritis rheumatoid arthritis

Chronic, progressive autoimmune disease causing connective-tissue inflammation, mostly in synovial joints. It can occur at any age, is more common in women, and has an unpredictable course.
 and Crohn's disease Crohn's disease: see colitis. , an inflammatory bowel disease inflammatory bowel disease
n. Abbr. IBD
Any of several incurable and debilitating diseases of the gastrointestinal tract characterized by inflammation and obstruction of parts of the intestine.
.

Amgen shares rose 59 cents, or 1 percent, to close at $58.56 Friday on the Nasdaq market. Johnson & Johnson shares added $1.28, or 2.23 percent, to close at $58.67 on the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
.
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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Geographic Code:1USA
Date:Mar 22, 2003
Words:260
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