Keryx Biopharmaceuticals Responds to Erroneous Report About Planned Phase III Study for Patients With Colorectal Cancer

LOS ANGELES, CA--(Marketwire - February 05, 2010) -

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BioMedReports.Com, the news portal which covers Wall Street's biomedical sector and delivers financial and investment intelligence to a community of highly informed investors, is reporting that Keryx Biopharmaceuticals (NASDAQ: KERX) was mentioned in a published article which contained an inaccurate statement regarding the design of a pending Phase III study for patients with metastatic colorectal cancer.

Keryx CEO Ron Bentsur spoke to BioMedReports and has noted on record that it is estimated that approximately 50% to 60% of mCRC patients are KRAS positive, so that only this sub-group would potentially benefit from receiving an EGFR antibody such as Erbitux or Vectibix, while the remaining 40% to 50% of mCRC patients do not receive EGFR inhibitors.

Based on these statistics, Keryx estimates that only 50% to 60% of the patients to be enrolled in its upcoming Phase 3 trial for perifosine in metastatic colorectal cancer will have received and failed treatment by either Erbitux or Vectibix, which is similar to the patient population in the Keryx Phase 2 study, as well as the general population.

In summary, the pending Phase 3 study and the Phase 2 study populations will be virtually the same.

A complete report on the company is available now at BioMedReports.Com

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