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SAN FRANCISCO, Feb. 19 /PRNewswire-FirstCall/ -- Medivation, Inc. (Nasdaq: MDVN) today reported on its financial results and pipeline progress for the year ended December 31, 2007.
"In 2007 we continued our track record of milestone achievement to
advance development across our entire portfolio, and we are pleased to
enter 2008 with an Alzheimer's disease product candidate in confirmatory
Phase 3 development," said David T. Hung, M.D., president and chief
executive officer of Medivation. "We remain committed to the rapid,
efficient development of our novel product candidates for Alzheimer's
disease, Huntington's disease and hormone-refractory prostate cancer to
make them available to people around the world who are increasingly
afflicted with these deadly and debilitating diseases for which there are
still very few treatment options."
Recent Accomplishments
Alzheimer's Disease
-- Completed a double-blinded, placebo-controlled twelve month extension
of our first pivotal Alzheimer's disease (AD) trial, in which patients
continued to show statistically significant benefits on all five
clinical endpoints studied;
-- Completed a comprehensive Phase 1 clinical development program in the
U.S., which continued to show Dimebon to be safe and well tolerated;
-- Completed a successful end-of-Phase 2 meeting with the U.S. Food and
Drug Administration, which recognized our previously completed AD trial
as pivotal and allowed us to proceed to a confirmatory pivotal Phase 3
trial;
Huntington's Disease
-- In collaboration with the Huntington Study Group, began a randomized,
double-blinded, placebo-controlled Phase 1-2 trial
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