Update: Swayze’s doctor says this report is overblown and that he has a “limited amount” of cancer.

He has been getting outpatient treatment at Stanford University, and will receive two more sessions of chemotherapy, but doctors say that it’s not helping and they don’t know what else they can do:

In a shocking world exclusive, The NATIONAL ENQUIRER has uncovered the devastating news that the beloved Hollywood actor and dancer was diagnosed in late January with pancreatic cancer that has spread to other organs.

Full details are in the print edition of the NATIONAL ENQUIRER that goes on sale tomorrow.

For the past month, Patrick, 55, has been traveling to Stanford University’s prestigious cancer center in Palo Alto for radical chemotherapy, but his doctors are no longer optimistic that the treatments will be successful.

Patrick and his wife Lisa Niemi — who both have pilot’s licenses — have been flying their private Beechcraft plane into Palo Alto’s airport, minutes away from the Stanford Cancer Center, where the actor has received outpatient treatment.

He received three doses of chemotherapy and the tumor shrank, but less than his doctors had hoped for — and Patrick was told he should prepare for the end.

“He was told he could have two more treatments, but his cancer was not responding. In short - they held out little hope for a cure,” said an insider.

[From The National Enquirer's website]

The article states that Patrick has lost 20 pounds and is on a liquid diet because he can’t keep food down. This is so sad and I hope he pulls through. He’s just 55 and that’s way too young to die.

Yesterday Best Week Ever had us all in stitches with a cute post showing Patrick Swayze’s many expressions in Ghost, and today comes the shocking news that he’s battling terminal cancer. Please hang in there Patrick and get well.

In early February there was a story that Patrick Swayze was hospitalized for a serious “gastro-intestinal procedure” at Stanford Medical center, but his spokesperson simply said he was doing well and no further information was given.

Update: Swayze’s doctor says his prognosis is not this dire and that he has a “limited amount” of cancer. Please see the article “Patrick Swayze’s cancer not as serious as thought” for the latest.

Patrick Swayze and his wife Lisa Niemi are shown at the Planet Hollywood Resort and Casino opening on 11/17/07, thanks to PRPhotos.