FDA Advisory Committee Recommends Accelerated Approval of Pfizer's Maraviroc for Treatment-Experienced Patients Infected with CC
April 24 2007 - 9:24PM
PR Newswire (US)
Committee discusses use of Monogram's Trofile Assay for patient
selection SOUTH SAN FRANCISCO, Calif., April 24
/PRNewswire-FirstCall/ -- Monogram Biosciences, Inc. (NASDAQ:MGRM)
announced today that the U.S. Food and Drug Administration's (FDA)
Antiviral Drugs Advisory Committee has voted unanimously to
recommend that collaborator Pfizer, Inc.'s (NYSE:PFE)
investigational HIV medication, maraviroc, be approved for use
along with other antiretroviral agents for treatment-experienced
adult patients infected with CCR5-tropic HIV-1. Although not bound
by the Advisory Committee's recommendations, the FDA usually
follows them. If approved, maraviroc would be the first member of a
new class of oral HIV medicines in more than a decade. Monogram's
Trofile(TM) Assay has been used to select patients for the clinical
trials of maraviroc. Information provided by Pfizer to the advisory
panel indicates that "the results in treatment-experienced patients
with CCR5-tropic versus non CCR5- tropic HIV-1 provide clinical
data validating Monogram's Trofile Assay as an effective and
appropriate means to identify patients with CCR5-tropic HIV-1 and
who are therefore likely to respond to maraviroc." Over 23,000
Trofile Assays have been performed since 2004 in Monogram's CLIA
certified laboratory. Trofile is the only diagnostic proven in
clinical studies to identify whether patients are CCR5-tropic and
has been used in all clinical trials of CCR5 antagonists to date.
In addition, Monogram performs tens of thousands of phenotypic and
genotypic resistance tests annually, including the PhenoSenseGT(TM)
assay that was used to optimize background therapy in the clinical
trials of maraviroc. "We are ready to make our Trofile Assay
available commercially as soon as maraviroc is approved," said
Monogram CEO William Young. "We intend to bring Trofile to the HIV
physician community through our existing sales, marketing and
distribution channels throughout the U.S." Additional studies are
underway to determine maraviroc's effectiveness in treatment-naive
patients. Turnaround time for the Trofile Assay is currently
approximately two weeks. About Monogram Biosciences, Inc. Monogram
is advancing individualized medicine by discovering, developing and
marketing innovative products to guide and improve treatment of
serious infectious diseases and cancer. The Company's products are
designed to help doctors optimize treatment regimens for their
patients that lead to better outcomes and reduced costs. The
Company's technology is also being used by numerous
biopharmaceutical companies to develop new and improved antiviral
therapeutics and vaccines as well as targeted cancer therapeutics.
More information about the Company and its technology can be found
on its web site at http://www.monogrambio.com/ . Forward Looking
Statements Certain statements in this press release and attached
supplemental information are forward-looking. These forward-looking
statements include references to the potential for an HIV drug that
requires a molecular diagnostic for patient selection. These
forward-looking statements are subject to risks and uncertainties
and other factors, which may cause actual results to differ
materially from the anticipated results or other expectations
expressed in such forward-looking statements. These risks and
uncertainties include, but are not limited to: the risk that
regulatory authorities may not require or recommend a molecular
diagnostic for patient selection for an HIV drug, risks related to
the implementation of the collaboration with Pfizer; risks and
uncertainties relating to the performance of our products; the
growth in revenues; the size, timing and success or failure of any
clinical trials for CCR5 inhibitors or entry inhibitors; the use of
our Co-Receptor Tropism Assay for patient use in the event of
approval of any CCR5 inhibitors; our ability to successfully
conduct clinical studies and the results obtained from those
studies; whether larger confirmatory clinical studies will confirm
the results of initial studies; our ability to establish reliable,
high-volume operations at commercially reasonable costs; expected
reliance on a few customers for the majority of our revenues; the
annual renewal of certain customer agreements; actual market
acceptance of our products and adoption of our technological
approach and products by pharmaceutical and biotechnology
companies; our estimate of the size of our markets; our estimates
of the levels of demand for our products; the impact of
competition; the timing and ultimate size of pharmaceutical company
clinical trials; whether payors will authorize coverage and
reimbursement for our products and services; whether the FDA or any
other agency will decide to further regulate our any of our
products or services, including Trofile; whether we will encounter
problems or delays in automating our processes; the ultimate
validity and enforceability of our patent applications and patents;
the possible infringement of the intellectual property of others;
whether licenses to third party technology will be available;
whether we are able to build brand loyalty and expand revenues; and
whether we will be able to raise sufficient capital in the future,
if required. For a discussion of other factors that may cause our
actual events to differ from those projected, please refer to our
most recent annual report on Form 10-K and quarterly reports on
Form 10-Q, as well as other subsequent filings with the Securities
and Exchange Commission. We do not undertake, and specifically
disclaim any obligation, to revise any forward-looking statements
to reflect the occurrence of anticipated or unanticipated events or
circumstances after the date of such statements. Trofile and
PhenoSenseGT are trademarks of Monogram Biosciences, Inc. Contacts:
Alfred G. Merriweather Jeremiah Hall Chief Financial Officer
Feinstein Kean Healthcare Tel: 650 624-4576 Tel: 415 677-2700
DATASOURCE: Monogram Biosciences, Inc. CONTACT: Alfred G.
Merriweather, Chief Financial Officer, of Monogram Biosciences,
Inc., +1-650-624-4576, ; or Jeremiah Hall of Feinstein Kean
Healthcare, for Monogram Biosciences, Inc., +1-415-677-2700, Web
site: http://www.monogrambio.com/
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