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FDA Clears The Pathwork(R) Tissue Of Origin Test For Hard To Identify Tumors

By Pathwork Diagnostics, Press Release
Press Release.

 

Pathwork Diagnostics, Inc., a molecular diagnostics company focused on oncology, announced that the U.S. Food and Drug Supervision (FDA) has cleared its Pathwork(R) Tissue of Genesis Test concerning purchase in determining the origin of debatable tumors.

 

The assess analyzes a tumor’s gene wording diagram to help pinpoint the beginning of insensitive-to-relate to tumors and is the first test of its kind to walk off FDA clearance. Up to an estimated 200,000 newly diagnosed cancer patients annually in the U.S. may have a tumor for which the site of origin is uncertain after the initial diagnostic workup. The FDA’s clearance underscores the growing capacity that patients’ genomic information can drag one’s feet use in helping physicians make preferably decisions.

“Knowing the primary tumor plat with greater certainty enables more appropriate cancer treatment. The growing style in cancer nurse is the fritter away of therapies that target specific tissues and their genomic components, rather than relying on a one-size-fits-all treatment approach,”

said Deborah J. Neff, President and Chief Executive Officer of Pathwork Diagnostics.

“We believe the Pathwork Tissue of Creation Check up on will help purvey more certainty in tumor diagnosis, which will enable more patients to realize the benefits of this experimental times in genomics-based diagnostics.”

The FDA-cleared Pathwork Tissue of Commencement Test will be present as an in vitro diagnostic (IVD) kit, message that clinical laboratories can run the evaluate themselves. The test is currently within reach as a service through Pathwork’s CLIA-certified laboratory.

The Pathwork Tissue of Origin Prove uses a microarray to measure the expression pattern, comprising more than 1,500 genes, in the indecisive tumor and compares it to expression patterns of a panel of 15 known tumor types, representing 60 morphologies blanket, to help shape the tumor’s origin. In the in vitro diagnostics clinical validation study submitted to the FDA, the test demonstrated 89 percent auspicious agreement (akin to sensitivity) with close by diagnoses and 99 percent cool agreement (akin to specificity). The cram consisted of 545 metastatic, poorly differentiated and undifferentiated tumors that had been identified as sole of the 15 tumor types on the panel using existing methods. The assay demonstrated an as a rule 94 percent overall concordance across four laboratories in a cross-laboratory comparison scrutiny of 60 metastatic, inadequately differentiated and undifferentiated tissue specimens.

“Hard-to-identify tumors are a significant clinical problem,”

said Dr. James Abbruzzese, Professor of Medicine at M.D. Anderson Cancer Center.

“They are time-consuming and frustrating in requital for both physicians and patients. Accurately identifying a tumor’s origin — and ergo knowing what thoughtful of cancer the tenacious has — is necessary seeking dawn standard-of-care, cancer-proper to treatment per the National Comprehensive Cancer Network Clinical Practice Guidelines. Knowing the tumor’s origin can also enable patients to get into — and benefit from — appropriate clinical trials.”

Targeted cancer therapies can be clobber even with metastatic tumors and are typically tumor-specific (e.g., Herceptin® for breast cancer), requiring identification of the primary tumor purlieus or tissue of origination. Targeting therapy to clear-cut tumor types can allow patients to avoid the toxicity of broader chemotherapy.

“Traditional tools inured to to identify tumors of inconstant origin include imaging studies, such as CT scans and MRIs, as well as a thorough pathological appraisal with immunohistochemistry and other techniques,”

said Federico Monzon, M.D., Director of Molecular Diagnostics of The Methodist Hospital in Houston.

“However, seeking difficult cases the use of these complex iterative techniques can often chronicle b debase weeks, and in some cases they smooth do not definitively identify the tissue of origin. A gene expression probe of a piece with the Pathwork Tissue of Derivation Check provides unrivalled facts and, based on this text, it is reasoned to expect that it will promote the diagnosis of uncertain primary tumors.”

 

Pathwork Diagnostics

Pathwork Diagnostics, Inc., based in Sunnyvale, California, develops and commercializes high-value molecular diagnostics with a view oncology. The firm delivers FDA-cleared, microarray- ased tests to clinical laboratories and also provides diagnostic tests through its CLIA-certified laboratory. The company’s initial tests utilize Pathwork Diagnostics’ proprietary analytics and a companion Pathchip(R) microarray, which runs on the proven Affymetrix GeneChip(R) System. The company’s start test — the Pathwork Tissue of Fountain-head Study — is now FDA-cleared as an in vitro diagnostic kit. A functionally equivalent understanding of the check up on is also present through Pathwork(R) Diagnostics Laboratory. The test aids in determining a tumor’s origin so that model-of-care, cancer-specific treatment can set out.

www.pathworkdx.com

Avila Therapeutics Announces Agreement with Novartis to Develop Novel Covalent Drug Candidate

By Avila, Press Release
Press Release.

 

WALTHAM, Mass.–(BUSINESS WIRE)– Avila Therapeutics, Inc., an emerging biotechnology company, announced today that it has entered into an option agreement with the Novartis Option Fund focused on Avila’s advancement of a novel covalent drug program from Avila’s research pipeline in conjunction with an equity investment. The agreement includes upfront and potential milestones payments to Avila totaling over $200 million plus royalties. Avila’s covalent drugs offer the potential to treat many serious diseases through a novel mechanism called protein silencing.

“We are excited about the opportunity presented by Avila’s innovative approach to the design and development of covalent drugs,”

said Henry Skinner, Ph.D., Managing Director of the Novartis Option Fund.

“We selected an early program that validates the Avilomics platform and offers a unique product opportunity for Novartis.”

“This relationship both enables us to advance our third program and also underscores the value of our platform to create covalent drugs,”

said Katrine S. Bosley, CEO of Avila Therapeutics.

“The agreement is a strong complement to Novartis’ equity investment in Avila, and together these steps represent an important evolution in Avila’s strategic development. We anticipate establishing a select number of strategic relationships in order to take full advantage of the breadth and depth of the Avilomics platform, and we’re very pleased to have Novartis as the first.”

 

About the Avilomics™ Platform and Covalent Drugs

With broad applicability across multiple disease areas, the Avilomics platform is Avila’s powerful approach to design and develop selective drugs with superior pharmacology. The three components of Avilomics are: i) proprietary informatics technologies that uniquely identify sites amenable to selective covalent modification and target silencing, ii) a unique library of highly selective chemistries for target silencing, and iii) design tools that integrate target analysis and covalent chemistry to create novel medicines.

Together, these components provide a platform for efficient design and testing that yields covalent drug candidates with broad applicability to a variety of targets and diseases. Using Avilomics, the company designs and develops covalent drugs that strongly, selectively, and resiliently bond to disease-causing proteins, thereby silencing their activity and producing superior pharmacological outcomes.

Avila Therapeutics is developing an innovative and proprietary therapeutic approach to covalent drug development, called “protein silencing”. Avila’s science has the potential to deliver covalent drugs with unique therapeutic benefits because they are highly targeted, are effective against mutations in disease targets, and have long duration of action. The company is developing a pipeline of novel, protein silencing covalent drugs with a current focus on viral infection, cancer and autoimmune disease. Avila is funded by leading venture capital firms: Abingworth, Advent Venture Partners, Atlas Ventures, Novartis Option Fund, and Polaris Venture Partners. For additional information, please visit http://www.avilatx.com.

 

About the Novartis Option Fund

The Novartis Option Fund is a $200 million fund that is part of the Novartis Venture Funds. Established in 1996, the Novartis Venture Funds currently manage over $650 million in committed capital and is invested in more than 50 private companies. The objective of the Novartis Option Fund is to seed innovative companies through initial and follow on investments. The initial investment is coupled with an option to a specific therapeutic program providing early validation for the company’s technology by a larger pharmaceutical partner. The Novartis Venture Funds’ team of eight investment professionals located in Basel, Switzerland and Cambridge, Massachusetts, brings together extensive expertise in the biotech and pharmaceutical industry and venture capital.

 

Source: Avila Therapeutics, Inc.

Avila Therapeutics, Inc. Closes $30 Million Series B Financing

By Avila, Press Release
Press Release.

 

Company to Advance Novel Class of Protein-Silencing Covalent Drugs into Clinic Development

 

WALTHAM, Mass.–(BUSINESS WIRE)– Avila Therapeutics, Inc., an emerging biotechnology company, announced today that it has raised $30 million in a Series B equity financing. The Novartis Option Fund, a new investor, led the round and all existing Avila investors participated: Abingworth, Advent Venture Partners, Atlas Venture and Polaris Venture Partners. Avila’s powerful platform technology, which was designed to create a broad set of covalent drug product opportunities that fight disease through protein silencing, has demonstrated preclinical activity with two programs, one targeting hepatitis C virus protease and the other targeting Btk, an emerging target in autoimmune disease and certain cancers, and has also generated multiple additional early-stage programs across a range of targets.

“Avila’s innovations and proprietary know-how make it possible to intelligently pursue covalent drugs, a broad product class that has been underutilized to date. The Avila team has already developed promising drug candidates against important targets in cancer, autoimmune disease and hepatitis C, and we see opportunities for Avila’s platform to be applied to many target types across a range of diseases,”

said Henry Skinner, Ph.D., Managing Director of the Novartis Option Fund.

“I look forward to working with Avila’s leadership team as they move programs forward that have the potential to offer a truly significant advance over current treatments.”

“With the Novartis Option Fund we are very pleased to expand our circle of industry-leading investors,”

said Katrine S. Bosley, CEO of Avila Therapeutics.

“Avila has made tremendous progress in developing and demonstrating the promise of covalent drugs. This financing provides us with a strong financial foundation and firmly validates our investors’ belief in Avila’s future and the best-in-class potential of covalent drugs.”

 

Proceeds from the financing will be used to advance Avila’s first program into clinical development while continuing to advance the proprietary Avilomics™ drug discovery platform. In conjunction with this financing transaction, Henry Skinner, Ph.D., Managing Director of the Novartis Option Fund, has joined the Avila board of directors. He joins board members Daniel Lynch (Executive Chairman); Michael F. Bigham (Abingworth); Bruce L. Booth, D.Phil. (Atlas Venture); Katrine Bosley; Roy Lobb, D.Phil.; Amir Nashat, Ph.D. (Polaris Venture Partners); Raj Parekh, D.Phil. (Advent Venture Partners) and Vicki Sato, Ph.D.

 

About the Avilomics™ Platform and Covalent Drugs

With broad applicability across multiple disease areas, the Avilomics platform is Avila’s powerful approach to design and develop selective drugs with superior pharmacology. The three components of Avilomics are: i) proprietary informatics technologies that uniquely identify sites amenable to selective covalent modification and target silencing, ii) a unique library of highly selective chemistries for target silencing, and iii) design tools that integrate target analysis and covalent chemistry to create novel medicines.

Together, these components provide a platform for efficient design and testing that yields covalent drug candidates with broad applicability to a variety of targets and diseases. Using Avilomics, the company designs and develops covalent drugs that strongly, selectively, and resiliently bond to disease-causing proteins, thereby silencing their activity and producing superior pharmacological outcomes.

 

About Avila Therapeutics™, Inc.

Avila Therapeutics is developing an innovative and proprietary therapeutic approach to covalent drug development, called “protein silencing”. Avila’s science has the potential to deliver covalent drugs with unique therapeutic benefits because they are highly targeted, are effective against mutations in disease targets, and have long duration of action. The company is developing a pipeline of novel, protein-silencing covalent drugs with a current focus on viral infection, cancer and autoimmune disease. Avila is funded by leading venture capital firms: Abingworth, Advent Venture Partners, Atlas Ventures, Novartis Option Fund, and Polaris Venture Partners. For additional information, please visit http://www.avilatx.com.

 

About the Novartis Option Fund

The Novartis Option Fund is a $200 million fund that is part of the Novartis Venture Funds. Established in 1996, the Novartis Venture Funds currently manage over $650 million in committed capital and is invested in more than 50 private companies. The objective of the Novartis Option Fund is to seed innovative companies through initial and follow on investments. The initial investment is coupled with an option to a specific therapeutic program providing early validation for the company’s technology by a larger pharmaceutical partner. The Novartis Venture Funds’ team of eight investment professionals located in Basel, Switzerland and Cambridge, Massachusetts, brings together extensive expertise in the biotech and pharmaceutical industry and venture capital.

 

Source: Avila Therapeutics, Inc.

SEP Signs REGURIN® Deal

By Press Release, SEP
Press Release.

 

LONDON, June 18 /PRNewswire

Speciality Urology Company Gains Exclusive UK Distribution Rights

 

Speciality European Pharma Limited (SEP), the UK based, urology focused, specialty pharmaceutical company, is pleased to announce that it will obtain the exclusive distribution rights to Regurin(R) (trospium chloride) for the UK and Ireland, as of the 1st July 2009. Regurin, owned by Rottapharm-Madaus, is currently marketed under different brand names in European countries including Germany, Italy, Austria, Spain and Switzerland.

Regurin is licensed for use in men and women to treat the symptoms of urge incontinence and/or increased urinary frequency and urgency as may occur in patients with overactive bladder (OAB). Urinary incontinence is an embarrassing problem estimated to affect over a third of women over 40. Regurin is an anti-muscarinic, which reduces the contractions of the detrusor muscle in the bladder and increases bladder capacity. It is well tolerated with a low incidence of the common anti-muscarinic side effect, dry mouth. Regurin also does not cross the blood-eye or blood-brain barrier reducing the incidence of confusion in people taking this treatment.

“Trospium chloride is central to managing certain types of urinary incontinence and is one of the recommended options by the National Institute for Health and Clinical Excellence (NICE) for use in women with mixed urinary incontinence of OAB after generic oxybutynin,” said Professor Linda Cardozo, Kings College Hospital, London. “It’s side effect profile is particularly beneficial to patients.”

Commenting on the deal, Geoff McMillan, Chief Executive Officer of SEP, said:

“This agreement provides us with a well established and clinically superior product in the field of urology, an area that remains the focus of our company. This deal demonstrates our ability to secure rights to launched / late stage specialist products for the European market.”

SEP has also obtained exclusive rights to a new presentation of Regurin, the once daily Regurin XL. The availability of Regurin XL will enable it to compete more effectively in the market, which is currently dominated by once daily products. Regurin was developed by Madaus AG of Germany.

 

About Regurin

Regurin is trospium chloride, a member of the anti-muscarinic class, used to treat the symptoms of OAB. The efficacy has been well established. Trospium chloride has been recommended by NICE for the second line treatment of UI in women after immediate release oxybutynin. Regurin has a high selectivity for two receptors in the detrusor muscle, M sub(2) and M sub(3).

Regurin is a quaternary amine: as such it is a positively charged molecule that does not cross the blood brain barrier or the blood eye barrier hence unwanted side effects such as impairment of cognitive function are minimal- an important consideration especially for the elderly population.

 

About Speciality European Pharma

Founded in April 2006, SEP is a privately owned speciality pharmaceutical company. Its mission is to become the leading Urologist focused specialty pharmaceutical business in Europe.

SEP owns worldwide rights to Plenaxis®, the world’s first approved GnRH blocker for the treatment of prostate cancer. Plenaxis® gives a rapid and sustained decline in testosterone levels, which gives quick and sustained control of prostate cancer and its symptoms. On stopping treatment with Plenaxis, testosterone levels rapidly recover while disease activity remains under control for some time. Plenaxis® was launched in Germany in February 2008.

SEP has distribution rights in certain European countries for two further products, Amphocil®, an antifungal agent and Haemopressin®, a product for the treatment of Bleeding Oesophageal Varices. Both of these products are delivered to clinicians in a hospital setting.

SEP has established its own commercial operations in the UK, Germany, France and Italy and will market its products in other regions and territories through relationships with expert partners.

 

About Rottapharm-Madaus

Established in 1961, Rottapharm is a multinational pharmaceutical company primarily engaged in the research, development and global distribution of new pharmaceutical products in different therapeutic areas including rheumatology, cardiology, gastroenterology, gynaecology paediatrics, dermatology, urology, oncology, bronchopneumology, psychiatry.

The Headquarter and main R&D site are located in Italy.

Rottapharm has recently acquired the global German pharmaceutical Group Madaus Pharma and today the Rottapharm|Madaus Group has subsidiaries or direct commercial operations throughout Europe and in the vast majority of Middle East, Asia (excluding Japan) and Central/South America countries.

Current Rottapharm’s main products include: the original Glucosamine Sulfate EU prescription product that paved the way for several nutraceutical glucosamines with yet unsurpassed clinical expertise in the development of Disease Modifying Drugs in Osteoarthritis; a line of matrix transdermal delivery systems for HRT and CVD; and others out of a list of 19 new drugs derived from over 300 patents. Moreover, the Group has recently implemented a line of effective and successful nutraceuticals for dyslipidemias, women’s health, inflammation, and entered the area of personal care that includes a line of leading products in intimate hygiene/paediatric/skin care and in which the company is ranked as the sixth largest in the world market.

Finally, with the acquisition of Madaus, Rottapharm’s expertise in the genito-urinary area has been strongly improved. Important synergies have been identified in this area, where the Rottapharm-Madaus Group is benefiting not only the ongoing clinical research activities but also the presence on the market of leading products such as Spasmo Urgenin (relief of painful urinary symptoms) and Spasmolyt/Uraplex/Regurin (overactive bladder), and Uralyt (urolithiasis).

Cancer drug developed by former Advent Venture Partners portfolio company, KuDOS Pharma (sold to AstraZeneca in 2006) shows promise

By KuDos, Press Release
Press Release.

 

Researchers say a new type of cancer treatment has produced highly promising results in preliminary drug trials.

 

Olaparib was given to 19 patients with inherited forms of advanced breast, ovarian and prostate cancers caused by mutations of the BRCA1 and BRCA2 genes.

In 12 of the patients – none of whom had responded to other therapies – tumours shrank or stabilised. The study, led by the Institute of Cancer Research, features in the New England Journal of Medicine.

 

CASE STUDY

Julian Lewis, 62, was treated with olaparib after being diagnosed with advanced prostate cancer. Within a month or two levels of a key chemical marker of cancer went down to a low level, and have now stayed low for more than two years. In addition, secondary tumours in his bones have almost disappeared. He has experienced minor side-effects, such as stomach discomfort and mild nausea, but he said:

“I hope to carry on with this for as long as possible. Partly the aim is the obvious one of keeping my cancer cells in check, but there’s a broader goal too: to help find out how long this drug can be used safely in other people.”

One of the first patients to be given the treatment is still in remission after two years.

Olaparib – a member of a new class of drug called PARP inhibitors – targets cancer cells, but leaves healthy cells relatively unscathed.

The researchers, working with the pharmaceutical company AstraZeneca, found that patients experienced very few side-effects, and some reported the treatment was “much easier than chemotherapy”.

Researcher Dr Johann de Bono said the drug should now be tested in larger trials. He said: “This drug showed very impressive results in shrinking patients’ tumours. “It’s giving patients who have already tried many conventional treatments long periods of remission, free from the symptoms of cancer or major side-effects.”

Olaparib is the first successful example of a new type of personalised medicine using a technique called “synthetic lethality” – a subtle way of exploiting the body’s own molecular weaknesses for positive effect. In this case the drug takes advantage of the fact that while normal cells have several different ways of repairing damage to their DNA, one of these pathways is disabled by the BRCA mutations in tumour cells. Olaparib blocks one of the repair pathways by shutting down a key enzyme called PARP.

 

BRCA MUTATIONS

BRCA1 or BRCA2 mutations weaken the cells’ ability to repair DNA damage. They are thought to be responsible for about 5% of breast and ovarian cancers, and about 1- 2% of early onset prostate cancers. Women with a BRCA mutation have a risk of up to 85% on breast cancer, and up to 60% on ovarian cancer

Men with a BRCA mutation have a risk of up to 15% on prostate cancer. This does not affect normal cells because they can call on an alternative repair mechanism, controlled by their healthy BRCA genes. But in tumours cells, where the BRCA pathway is disabled by genetic mutation, there is no alternative repair mechanism, and the cells die.

 

BBC NEWS | Health | New cancer drug ‘shows promise’

Cancer cells with the BRCA1 or BRCA2 mutations are the first to be shown to be sensitive to PARP inhibitors. But there is evidence that olaparib will also be effective in other cancers with different defects in the repair of DNA.

Professor Stan Kaye, who also worked on the study, said:

“The next step is to test this drug on other more common types of ovarian and breast cancers where we hope it will be just as effective.”

The researchers say the process of drug evaluation and registration may have to be revamped to take consideration of the fact that new generation cancer drugs target specific molecular defects, rather than types of cancer.

 

Dr Peter Sneddon, of the charity Cancer Research UK, said:

“It is very encouraging to see the development of ‘personalised treatment’, tailored to the requirements of the individual patient, becoming a reality as it offers the opportunity to design new drugs that are truly selective.

Although development of this drug is in its early stages, it is very exciting to see that it has the potential to work when other treatment options have failed.”

 

Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/2/hi/health/8116790.stm

 

Published: 2009/06/24 23:09:10 GMT

 

© BBC MMIX

Micromet’s Blinatumomab Achieves Primary Endpoint in Phase 2 Study with Acute Lymphoblastic Leukemia Patients

By Micromet, Press Release
Press Release.

 

German Multicenter ALL Study Group Presented Data at the 14th Congress of the European Hematology Association Showing High Response Rate in Patients with Minimal Residual Disease

 

BERLIN, June 8 /PRNewswire-FirstCall/ — Micromet, Inc. (Nasdaq: MITI), a biopharmaceutical company developing novel, proprietary antibodies for the treatment of cancer, inflammation and autoimmune diseases, announced that the German Multicenter ALL Study Group (GMALL) presented phase 2 clinical data of the BiTE® antibody blinatumomab (MT103) at the 14th Congress of the European Hematology Association (EHA) in Berlin, Germany, showing a high response rate in acute lymphoblastic leukemia (ALL) patients with minimal residual disease (MRD)(1). Blinatumomab is a novel therapeutic antibody that activates a patient’s T cells to seek out and destroy cancer cells.

The patients included in this phase 2 clinical trial were in complete hematological remission following intense chemotherapy regimens, but retained a detectable level of ALL cancer cells in their bone marrow — so called minimal residual disease (MRD). Various studies have confirmed that ALL patients with MRD following chemotherapy have a significantly worse prognosis than patients without MRD.

The primary endpoint of the phase 2 study is MRD response within four cycles of treatment. MRD response is defined as the elimination of ALL cancer cells in patients with MRD below the limit of detection. The achievement of the primary endpoint requires that at least 22% of 21 patients have an MRD response. Currently, 13 of 16, or 81% of evaluated patients have shown an MRD response, thus qualifying the trial as having met its primary endpoint before the completion of the study. Patients in all subgroups responded to treatment with blinatumomab, including bcr-abl positive patients after failure of treatment with bcr-abl inhibitors, and patients with t(4;11) translocations. Side effects were observed primarily in the first 24 to 48 hours with transient pyrexia and lympho-/leukopenia being the most frequent adverse events.

“Blinatumomab is one of the most active agents the GMALL has tested in the adult ALL consolidation setting,”

said Dr. Ralf Bargou, principal investigator of the trial.

“We are excited about the significant activity of blinatumomab in ALL and the favorable safety profile observed in this study. These results are particularly important for these patients who are in a disease stage with extremely poor prognosis and for which we lack treatment options except for patients eligible for allogenic stem cell transplantations.”

“The ALL interim data showing an MRD response rate above 80% significantly exceeds the rate which was considered to be clinically meaningful and was set as the hurdle for the achievement of the primary end point,”

said Micromet’s Senior Vice President and Chief Medical Officer, Carsten Reinhardt, M.D.

“We are now looking forward to discussing a pivotal ALL program with the regulatory authorities later this year.”

(1) Topp, M.S. et al (2009). Blinatumomab (anti-CD19 BiTE®) for targeted  therapy of minimal residual disease (MRD) in patients with B precursor acute lymphoblastic leukemia (ALL): Update of an ongoing Phase II study. 14th Congress of the EHA 2009, abstract no. 482

 

Webcast/Conference Call

Micromet will host a webcast/conference call this morning from 9:00 am to 11:00 am U.S. Eastern time to discuss the blinatumomab data presented at the 14th Congress of the European Hematology Association. The webcast will be available on the company’s website at www.micromet-inc.com. To participate in the conference call, dial 866-543-6403 (U.S.) or 617-213-8896 (international), passcode: 12594792.

A replay of the call will be available from 1:00 pm Eastern Time on June 8, 2009 (7:00 pm Central European Time) through June 15, 2009. The replay number is 888-286-8010 (U.S.) or 617-801-6888 (international), passcode: 67386852.

 

About Micromet, Inc.

Micromet, Inc. is a biopharmaceutical company developing novel, proprietary antibodies for the treatment of cancer, inflammation and autoimmune diseases. Its product development pipeline includes novel antibodies generated with its proprietary BiTE® antibody platform, as well as conventional monoclonal antibodies. BiTE antibodies represent a new class of antibodies that activate the T cells of a patient’s immune system to eliminate cancer cells. Four of Micromet’s antibodies are currently in clinical trials. Its BiTE antibody blinatumomab (MT103) is in a phase 2 clinical trial for the treatment of patients with acute lymphoblastic leukemia (ALL), and in a phase 1 clinical trial for the treatment of patients with non-Hodgkin’s lymphoma (NHL). A second BiTE antibody, MT110, is in a phase 1 clinical trial for the treatment of patients with solid tumors. MT110 binds to the epithelial cell adhesion molecule, or EpCAM, which is overexpressed in many solid tumors. Micromet’s human monoclonal antibody adecatumumab (MT201) also binds to EpCAM and is being developed under a collaboration with Merck Serono. Adecatumomab is in a phase 2 clinical trial in colorectal carcinoma patients after complete resection of liver metastases, and a phase 1b clinical trial evaluating adecatumumab in combination with docetaxel for the treatment of patients with metastatic breast cancer. Micromet’s monoclonal antibody MT293, also known as TRC093, is licensed to TRACON Pharmaceuticals, Inc., and is in a phase 1 clinical trial for the treatment of patients with cancer.

In addition, Micromet has established a collaboration with Nycomed for the development and commercialization of MT203, a human antibody neutralizing the activity of granulocyte/macrophage colony stimulating factor (GM-CSF), which has potential applications in the treatment of various inflammatory and autoimmune diseases, such as rheumatoid arthritis, psoriasis, or multiple sclerosis. Nycomed has filed a clinical trial application and is expected to commence a phase 1 clinical trial of MT203 in the first half of 2009. Micromet’s licensee Morphotek, a wholly-owned subsidiary of Eisai, is also expected to initiate a first phase 1 clinical trial with Micromet’s glycolipid-binding human antibody MT228 for the treatment of melanoma. Micromet also has entered into an option, collaboration and license agreement with Bayer Schering Pharma AG under which Bayer Schering Pharma was granted an exclusive option to license a specified BiTE antibody against an undisclosed solid tumor target.

Micromet’s preclinical product pipeline includes several novel BiTE antibodies generated with its proprietary BiTE antibody platform technology. BiTE antibodies targeting CEA, MSCP, CD33, HER2, EGFR and other targets are in various stages of preclinical development.

 

Forward-Looking Statements

This release contains certain forward-looking statements that involve risks and uncertainties that could cause actual results to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. These forward-looking statements include statements regarding the efficacy, safety and intended utilization of blinatumomab and other product candidates, the conduct, timing and results of future clinical trials, and expectations of the future expansion of our product pipeline and collaborations. You are urged to consider statements that include the words “ongoing,” “may,” “will,” “believes,” “potential,” “expects,” “plans,” “anticipates,” “intends,” or the negative of those words or other similar words to be uncertain and forward-looking. Factors that may cause actual results to differ materially from any future results expressed or implied by any forward-looking statements include the risk that product candidates that appeared promising in early research, preclinical studies or clinical trials do not demonstrate safety and/or efficacy in subsequent clinical trials, the risk that encouraging results from early research, preclinical studies or clinical trials may not be confirmed upon further analysis of the detailed results of such research, preclinical study or clinical trial, the risk that additional information relating to the safety, efficacy or tolerability of our product candidates may be discovered upon further analysis of preclinical or clinical trial data, the risk that we or our collaborators will not obtain approval to market our product candidates, the risks associated with reliance on outside financing to meet capital requirements, and the risks associated with reliance on collaborators, including MedImmune, Merck Serono, TRACON and Nycomed, for the funding or conduct of further development and commercialization activities relating to our product candidates. These factors and others are more fully discussed in Micromet’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2009, filed with the SEC on May 11, 2009, as well as other filings by the company with the SEC.

 

CONTACT:
US Media, Andrea tenBroek or Chris Stamm, +1-781-684-0770, micromet@schwartz-pr.com; European Media, Ludger Wess, +49 (40) 8816 5964, ludger@akampion.com; US Investors, Susan Noonan, +1-212-966-3650, susan@sanoonan.com; European Investors, Ines-Regina Buth, +49 (30) 2363 2768, ines@akampion.com, all for Micromet, Inc.

Avila Therapeutics Appoints Katrine S. Bosley as Company’s First CEO

By Avila, Press Release
Press Release.

 

WALTHAM, Mass.–(BUSINESS WIRE)– Avila Therapeutics, an emerging biopharmaceutical company developing a revolutionary new class of medicines known as covalent drugs, announced today that Katrine S. Bosley has been appointed as Chief Executive Officer. Ms. Bosley is a biotechnology executive experienced in corporate development of emerging and established biopharmaceutical companies and joins Avila as it advances its business strategy, product pipeline, and proprietary platform.

“Avila’s focus on the design and development of covalent drugs is an area that has been only modestly explored by traditional pharmaceutical companies. This has given us a very broad set of unique product opportunities,”

commented Katrine Bosley, Chief Executive Officer.

“We’ve shown with our lead programs that we can deliver products with novel pharmacologic profiles that have the potential to provide unprecedented therapeutic benefits for patients. Furthermore, our strong investor base and experienced leadership team bring to bear the resources and expertise necessary to successfully advance our pipeline.”

Ms. Bosley joins Avila from Adnexus where she served as Vice President, Business Development and later as VP, Strategic Operations, establishing an alliance with and subsequent acquisition by Bristol-Myers Squibb. During her career she has worked with products from discovery through commercialization, including Avonex®, Tysabri®, and the emerging Adnectin™ class of targeted biologics. Ms. Bosley was at Biogen Idec for many years where she held leadership roles in business development, commercial operations, and portfolio strategy in both the U.S. and Europe. She also held positions at Highland Capital Partners, a venture capital firm, and Alkermes, a drug delivery company. Ms. Bosley is a graduate of Cornell University.

 

About Avila Therapeutics

Avila Therapeutics is developing a new therapeutic approach called ‘protein silencing’ based on a proprietary platform for developing covalent drugs that strongly and resiliently bond to disease-causing proteins, resulting in drugs that can be highly effective.

Avila’s covalent drugs have the potential to deliver unique therapeutic benefits because they are highly targeted, are effective against mutations, and have long duration of action. Avila is developing a pipeline of novel, protein silencing drugs with a current focus on viral infection, cancer, and autoimmune diseases. Avila is funded by four leading venture capital firms: Abingworth, Advent Venture Partners, Atlas Ventures, and Polaris Venture Partners. For additional information, please visit http://www.avilatx.com.

 

Source: Avila Therapeutics

View this news release online at:
http://www.businesswire.com/news/home/20090515005123/en

MediGene AG Appoints Dr. Frank Mathias as new Chief Executive Officer

By Press Release
Press Release.

 

Martinsried/Munich, 29. April 2009. MediGene AG (Frankfurt: MDG, Prime Standard, TecDAX) announced today that Dr. Peter Heinrich, Chief Executive Officer, has resigned from his position as member of the Executive Board with immediate effect. The Supervisory Board has accepted the resignation with great regret.

” On behalf of the MediGene Supervisory Board, I would like to thank Dr Peter Heinrich for his long time and successful leadership as Chief Executive Officer of the company. As a co-founder, he essentially shaped the company from the beginning. Due to his entrepreneurial achievements, MediGene today is an internationally acknowledged biotech company with subsidiaries in the UK and the USA and is listed in the German stock index TecDAX. The supervisory Board expresses its heartfelt thankfulness for his achievements and wishes him all the best for his future path of life”

says Prof Dr Ernst-Ludwig Winnacker, Chairman of the Supervisory Board of MediGene AG.

As successor, Dr. Frank Mathias has been appointed by the Supervisory Board. He has joined MediGene a year ago as Chief Operating Officer and Executive Board Member for Marketing, Sales and Business Development and has been responsible for the ongoing partnering process for the cancer drug candidate EndoTAG-1. The pharmacist with PhD has around 20 years’ experience in the pharma and biotech industry, among others as General Manager of Amgen GmbH, the German subsidiary of one of the world-leading biotechnology company Amgen Inc.

Dr. Mathias studied pharmacy at Paris VI University, taking his PhD in 1991. He embarked on his career in industry in 1988 as International Product Manager with Hoechst AG, Frankfurt, then in 1990 joined Albert-Roussel Pharma GmbH in Wiesbaden, first as a Pharmaceuticals Officer, then as a Product Group Manager and as Deputy Head of Marketing. In 1995 Dr. Mathias launched the Anti-Infectives Marketing Department at Hoechst Pharma in Frankfurt before moving as Head of Marketing to Servier Deutschland GmbH in Munich and taking over as General Manager there in 1996. In 2002 he moved as Head of Marketing to Amgen GmbH, Munich, the company he led successfully as General Manager since 2003. In April 2008, he joined the Executive Board of MediGene AG.

“I would like to express my thanks for the trust put in me by to the Supervisory Board. I accept the new challenge with great pleasure and a deep confidence that MediGene AG will continue to develop successfully. MediGene has an excellent team of employees and I look very much forward to working with them furthermore”

says Dr Frank Mathias, the new Chief Executive Officer of MediGene AG.

 

This press release contains forward-looking statements that involve risks and uncertainties. The forward-looking statements contained herein represent the judgment of MediGene as of the date of this release. These forward-looking statements are no guarantees for future performance, and the forward-looking events discussed in this press release may not occur. MediGene disclaims any intent or obligation to update any of these forward-looking statements. MediGeneTM is a trademark of MediGene AG. This trademark may be held or licensed for specific countries.

MediGene AG is a publicly listed (Frankfurt: MDG, Prime Standard, TecDAX) biotechnology company located in Martinsried/Munich, Germany, with subsidiaries in Oxford, UK and San Diego, USA. MediGene is the first German biotech company to have drugs on the market, which are being distributed by partner companies and has several drug candidates in clinical development, two of which provide significant sales potential. In addition, the company has numerous projects in research and pre-clinical development and possesses innovative platform technologies. MediGene focuses on the research and development of novel drugs for the treatment of cancer and autoimmune diseases.

 

Contact MediGene AG
E-mail: investor@medigene.com
Fax: +49 – 89 – 85 65 – 2920

Julia Hofmann / Dr. Nadja Wolf,
Public Relations,
Tel.: +49 – 89 – 85 65 – 3324

Dr. Georg Dönges,
Investor Relations,
Tel.: +49 – 89 – 85 65 – 2946

Avila Therapeutics May Have Found Achilles™ Heel of Hepatitis C Virus

By Avila, Press Release
Press Release.

 

Avila Therapeutics emerged from stealth mode in December and told Xconomy about its secret sauce to systematically create permanent, covalent bonds with protein disease targets. Now the Waltham, MA-based biotech (pronounced AH-vill-uh) reports that its experimental drug for hepatitis C virus may be able to wipe out multiple variations and mutated forms of the virus.

 

The firm’s drug, dubbed AVL-181, is a small molecule protease inhibitor intended to silence a key protein for the survival and replication of the virus. The drug targets a region of the protein that the company believes is common among many known forms of the virus, even those that are resistant to standard treatments, meaning that the firm may have found an “Achilles’ heel” of the protein, says Nagesh Mahanthappa, vice president of business development and operations at the biotech. Over the weekend, the company presented results of a study, in which infected mice were treated with the drug, at the European Association for the Study of the Liver meeting in Copenhagen, Denmark.

“When we look across all known published genetic sequences of the hepatitis C protease, from a variety of mutants, we find that the particular site where we get bond formation with our drug is constant,” Mahanthappa says. “It remains possible that that site is somehow critical for the protease’s normal function, or the general fitness of the virus.”

It’s early in the game to draw any conclusions about Avila’s hepatitis C drug, which to date hasn’t yet advanced to clinical trials. Yet the fact that the startup may have found a new weakness in the virus, making the drug effective across drug-resistant and mutated strains, could help the drug stand out among the 40-odd other hepatitis C treatments in development. With industry embracing a cocktail approach to treating the disease, Mahanthappa says, there’s a possibility that Avila’s drug could be useful in combination with other drugs to combat difficult-to-treat variations of hepatitis C, which is a chronic liver disease that affects 170 million people worldwide.

The study presented over the weekend showed several potential benefits of Avila’s hepatitis C drug over existing treatments. For one, it had no significant impact on other proteins, boding well for how safe the drug could be for humans. Another potential perk is that the drug appears to work for 24 hours or more, meaning it could be taken once a day rather than several times a day. Yet there were many new hepatitis C drugs presented at the medical conference and most of the companies presenting those other drugs promised improvements over existing therapies as well. Cambridge, MA-based Vertex Pharmaceuticals (NASDAQ: VRTX) is generally considered the front-runner in the race to develop the first protease inhibitor for hepatitis C, called telaprevir. That drug is now in the third and final stage of clinical trials needed before it can win FDA approval to start selling in the U.S.

For Avila, the hepatitis C protease inhibitor is one of two drugs that are neck and neck for top position in the biotech’s young pipeline, Mahanthappa says. The other, called AVL-291, is a small molecule kinase inhibitor that could be used to treat immune system cancers such as non-Hodgkin’s lymphoma and B cell chronic lymphocytic leukemia. The company’s earlier plan was to begin human clinical trials of its hepatitis C drug by late 2009, but Mahanthappa says that the company now wants to wait until mid-2010 to start its first clinical trial. The company also hasn’t decided which of its drugs to enter into clinical trials first. The reason for waiting an extra half year to begin clinical trials is to make the firm’s existing capital last longer. The firm wants to raise more venture capital before it launches an initial clinical trial and—in case you’ve been living under a rock and don’t know—the climate nowadays for completing such financings is pretty awful.

Avila is now in the midst of raising another round of financing, Mahanthappa says. The firm has previously recieved $21 million in venture capital from lead investor Abingworth Management as well as Polaris Venture Partners, Atlas Venture, and Advent Venture Partners.