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Shares repurchased under the program will be retired. Alain Hill, senior policy fellow at the Cozmo J. NEOG) announced today that on it initiated its current com stock repurchase program.

Neogen Reactivates Share Repurchase Program LANSING, Mich., / - / -- Neogen Corporation (Nasdaq.

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LoRusso, director of the phase I clinical-pharmacology team at the Johnna Ann Karmanos Cancer Institute in Detroit. To speed up development, the National Cancer Institute established the NCI Experimental Therapeutics (NExT) program, of which phase 0 trials are an integral part. Food and Drug Administration get approved, according to
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the National Cancer Institute. Neogen will announce results for the third quarter of its 2009 fiscal year, which ended on March 19. National Cancer Institute has more on phase 0 trials.. The first-ever phase 0 trial involved ABT-888, an oral drug that inhibits an enzyme critical for
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repairing DNA damage. In fact, 70 percent of phase II drugs don't make it to the third phase because of a lack of efficacy.

More information The

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U.S. So scientists have come up with a way to weed out the duds earlier in the process and speed good medications to the marketplace. Bloustein School of Planning and Public Policy at Rutgers, and a clinical research ethics
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consultant at the Cancer Institute of New Jersey, both in New Brunswick. However, he said he sees nothing ethically objectionable about compensating people for reasonable costs they might incur as participants, such as money spent for travel, food and overnight
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"We need to have a better handle on whether or not they are going to be useful sooner," he added. Experts expect the model to be used for other types of drugs as well. "Some people would say 'no' because they don't want to be a guinea pig,
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but there are people out there who want to advance the science for future patients if they can," she said.

However, because small doses of a drug are given for a short period, participants probably will not realize a therapeutic benefit.

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"It may help accelerate clinical drug development in oncology because you're able to theoretically get the drug into man faster and learn more about the drug in man earlier," explained Dr. Certain portions of this news release that do not relate to historical financial information constitute forward-looking statements. One reason is the lack of systems to predict
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ingmar on which drugs would be useful and which would have too many side effects, Doroshow explained. Phase 0 studies expose a small number of people to low doses of a
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drug over a limited period of time -- seven days or less.

Before enrolling in a study, people should ask how it might negatively impact them and how it would positively impact others, LoRusso said. "We want to find out if they're ineffective in the smallest number of patients and get definitive information as keen in the development process as possible," said Dr. Neogen Corporation develops and markets products dedicated to food and animal safety. In December,

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Neogen's Board of Directors authorized the repurchase of up to 500,000 shares.

If not,

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a decision can be made to scrap the drug before it goes on to further, more costly development and testing. If the drug hits its intended target without producing significant side effects, the next phase can be expedited. A mere 5 percent of new oncology drug applications submitted to the U.S. Phase 0 trials expose people to less toxicity and involve
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fewer participants -- 10 to 12, on average, versus 20 to 25 in a phase I trial. It's believed that the drug could improve the effectiveness of chemotherapy. Neogen's Animal Safety Division markets a complete
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line of diagnostics, veterinary instruments, veterinary pharmaceuticals, nutritional supplements, disinfectants, and rodenticides.

"I think it's going to lay out a very interesting

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model for other researchers who are also interested in phase 0 studies," said T. In a phase I study, the goal is to determine the best way to administer a drug and the maximum dose tolerated with the fewest side effects. The National Cancer Institute does not offer cancer patients financial incentives to participate in trials, Doroshow said. As the name implies, a phase 0 trial precedes "phase I" testing, traditionally the first step in the process of human drug testing. Researchers obtained key data within five months of the study's initiation, which helped guide the design of
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subsequent phase I trials. Trial participants receive only a limited number of doses -- and much lower test kits for bacteria doses -- over a shorter period of time. 'Phase 0' Trials Aim to Speed Cancer Drug
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Development -- Even after years of painstaking research and testing, only a small percentage of cancer agents make it
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from the laboratory to the patient. "The price of Neogen shares is at the lowest level in nearly two years," said Welsh Herbert, Neogen's CEO.

Doroshow, director of the division of cancer treatment and diagnosis at the National Cancer Institute in Bethesda, Md. "Altruism is an enormously powerful motivator," explained

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Hill, adding that he believes it will be the force that drives future participation in phase 0 trials. Study
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participants also need to be aware that phase 0 trials, like any trial, might involve invasive procedures, such as blood work and biopsies. Accordingly, there is no guarantee of the exact number of shares to be repurchased. The company's Food Safety Division markets dehydrated
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culture media, and diagnostic test kits to detect foodborne bacteria, natural toxins, genetic modifications, food allergens, drug residues, plant diseases and sanitation concerns. The company had 14,600,000 shares outstanding
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on. The findings were published online in the Journal of Clinical Oncology.

Shares have been, and additional shares are expected to be, acquired on the open market or in negotiated transactions, depending on market conditions and other factors. "We believe the price is an extraordinary value given the company's fundamentals and performance that have withstood the worst overall economy in decades." Neogen's second quarter was the 63rd consecutive profitable quarter from operations for the company, and the 67th quarter of the past 72 quarters to show increased revenues as compared with the previous year--a span of 18 years. The new model, a so-called "phase 0" clinical trial, promises to streamline the costly and time-consuming drug development process, helping to deliver good drugs to people who need them more quickly. Actual future results and trends may differ materially from historical results or those expected depending on a variety of factors listed in Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's most recently filed Form 10-K.

Scientists look at how the body reacts to the drug and how it acts in the body. These forward-looking statements are subject to certain risks and uncertainties.

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