Medivation, Astellas XTANDI available to those previously treated with Docetaxel Medivation and Astellas Pharma announced the availability of XTANDI capsules for patients with metastatic castration-resistant prostate cancer who have previously received docetaxel. XTANDI was approved by the U.S. FDA on Aug. 31, 2012. XTANDI is being distributed through a network of specialty pharmacies and specialty distributors.
Medivation price target raised to $128 from $107 at Leerink Leerink raised its price target for Medivation shares to $128 after the company presented Stage 1 and preliminary Stage 2 data from the Phase II trial of Xtandi in advanced androgen receptor positive triple negative breast cancer. The firm believes the data demonstrate "clear single agent activity with confirmed objective responses" and keeps an Outperform rating on the stock.