Oasmia Pharma posts positive top-line results for its cancer drug

4 August 2015

Oasmia Pharmaceutical (STO: OSM) on Tuesday reported positive results for its cancer drug Paclical (paclitaxel) following a head-to-head comparison study with Celgene's (Nasdaq: CELG) Abraxane (paclitaxel).

The Sweden-based pharmaceutical company in a statement said the study was conducted in women with metastatic breast cancer. News of the positive trial outcome pushed Oasmia's share up 5.1% to 18.70 Swedish kronor.

Margareta Eriksson, vice president of clinical development at Oasmia Pharmaceutical, said: "Paclical enables higher doses, shortens infusion time, eliminates the need for pre-medication and improves the safety profile for patients."

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