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Biopharma Allos Therapeutics (ALTH) is up 15% on over 500,000 shares.

The firm said the U.S. Food and Drug Administration (FDA) granted accelerated approval for FOLOTYN^TM (pralatrexate injection) for use as a single agent for the treatment of patients with relapsed or refractory peripheral T-cell lymphoma (PTCL). FOLOTYN is the first and only drug approved by the FDA for this indication and represents a new treatment option for patients with relapsed or refractory PTCL. This indication is based on overall response rate. Clinical benefit such as improvement in progression free survival or overall survival has not been demonstrated. Allos expects to make FOLOTYN available to patients in the U.S. in October.

Douglas A. McIntyre