Beverly Hills 12/29/2009 1:40:29 AM
News / Business

Israel’s Compugen Discovers Cancer Treatment Target

Finance World News Update by EQUITIES Magazine

Compugen Ltd, an Israeli drug developer, announced today that it has discovered a potential cancer treatment target using its RNA sequence technology.

 

The company said it found and validated CGEN-671, the potential target for cancer treatments, potentially providing information that could be employed to better tailor treatments to target a wide range of cancers. The goal is the target Epithelial tumors, or carcinomas, which account for roughly 85 percent of all cancers.

 

Stocks of Compugen soared up $1.39, or 24 percent, to $5.47.

 

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