FIRST PATIENT ENROLLED IN SECOND PHASE III CLINICAL TRIAL OF UROCIDIN(TM)
February 16 2011 - 4:00PM
PR Newswire (Canada)
CHADDS FORD, PA, and BELLEVILLE, ON, Feb. 16 /CNW/ -- 450 patients
to be enrolled at approximately 120 global sites CHADDS FORD, PA,
and BELLEVILLE, ON, Feb. 16 /CNW/ - Endo Pharmaceuticals (Nasdaq:
ENDP) and Bioniche Life Sciences Inc. (TSX and ASX: BNC), today
announced enrollment of the first patient in the second Phase III
clinical trial of Urocidin™. The trial is a randomized,
active-controlled, open-label, multi-center study with a blinded
endpoint assessment designed to compare Urocidin™ with mitomycin C
in the intravesical treatment of patients with BCG recurrent or
refractory non-muscle-invasive bladder cancer. It is estimated that
450 patients will be enrolled for this new trial at approximately
120 clinical sites worldwide. Summary details of the study protocol
are now publicly available via the U.S. National Institutes of
Health (NIH) clinical trial registration service at
http://www.clinicaltrials.gov. About Bladder Cancer In North
America, bladder cancer is the fourth most common cancer in men and
the fifth overall between both men and women. In the United States,
approximately 70,000 patients are newly diagnosed with bladder
cancer each year and 500,000 living patients have been affected. In
Europe, more than 100,000 patients are newly diagnosed each year.
Bladder cancer is frequently a recurrent disease, with some cases
becoming refractory to available chemotherapeutic or
immunotherapeutic agents and leading to cystectomy (bladder
removal) or death. Approximately 70 percent of bladder cancer
patients have the non-muscle-invasive form of bladder cancer.
Collectively across the U.S., Europe and Japan, approximately
350,000 non-muscle-invasive bladder cancer patients are newly
diagnosed or have a recurrence each year. Non-muscle-invasive
bladder cancer is a form of bladder cancer localized in the surface
layers of the bladder that has not yet spread into the deeper
muscle layer. This form of bladder cancer is treated predominantly
by urologists using surgical resection and intravesical infusion
therapy. Urocidin™ is an intravesical infusion therapy,
administered via trans-urethral catheter into the bladder.
About Urocidin™ Urocidin™ is a formulation of MCC, a sterile
mycobacterial cell wall-DNA complex composition that has a dual
mode of action: immune stimulation and direct anticancer activity.
Urocidin™ is formulated for the treatment of bladder cancer, where
it is administered by trans-urethral catheter directly into the
bladder. The agent is then able to directly interact with the cells
of the immune system and bladder cancer cells. Industry Canada's
Industrial Technologies Office (formerly Technology Partnerships
Canada) has contributed to the development of Bioniche's
mycobacterial cell wall technologies by means of a C$9.6 million
loan to be repaid by Bioniche from sales. About the
Endo-Bioniche Partnership Endo holds exclusive global rights to
develop and market Bioniche's patented formulation of Mycobacterial
Cell Wall-DNA Complex (MCC), Urocidin™, being developed for the
intravesical treatment of non-muscle-invasive bladder cancer. Under
the licensing agreement, Bioniche received an up-front payment of
US$20 million in July 2009, and became eligible to receive an
additional US$110 million in milestone payments. Milestones are
announced as they are achieved and, with its exclusive
manufacturing supply contract, Bioniche provides clinical trial
material and will also receive a net-sales-based revenue stream
upon product approval. About Bioniche Life Sciences Inc. Bioniche
Life Sciences Inc. is a research-based, technology-driven Canadian
biopharmaceutical company focused on the discovery, development,
manufacturing, and marketing of proprietary products for human and
animal health markets worldwide. The fully-integrated company
employs over 200 skilled personnel and has three operating
divisions: Human Health, Animal Health, and Food Safety. For more
information, please visit www.Bioniche.com. About Endo Endo
Pharmaceuticals is a U.S.-based, specialty healthcare solutions
company, focused on high-value branded products and specialty
generics. Endo is redefining its position in the healthcare
marketplace by anticipating and embracing the evolution of health
decisions based on the need for high-quality and cost-effective
care. We aim to be the premier partner to healthcare professionals
and payment providers, delivering an innovative suite of
complementary diagnostics, drugs, devices and clinical data to meet
the needs of patients in areas such as pain, urology, oncology and
endocrinology. For more information about Endo Pharmaceuticals, and
its wholly owned subsidiaries HealthTronics, Inc. and Qualitest
Pharmaceuticals, please visit www.endo.com. Bioniche
Forward-Looking Statements Except for historical information, this
news release may contain forward-looking statements that reflect
the Company's current expectation regarding future events. These
forward-looking statements involve risk and uncertainties, which
may cause, but are not limited to, changing market conditions, the
successful and timely completion of clinical studies, the
establishment of corporate alliances, the impact of competitive
products and pricing, new product development, uncertainties
related to the regulatory approval process, and other risks
detailed from time to time in the Company's ongoing quarterly and
annual reporting. Endo Forward-Looking Statements This press
release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 regarding,
among other things, the company's financial position, results of
operations, market position, product development and business
strategy, as well as estimates of future net sales, future
expenses, future net income and future earnings per share.
Statements including words such as "believes," "expects,"
"anticipates," "intends," "estimates," "plan," "will," "may," "look
forward," "intend," "guidance" or similar expressions are
forward-looking statements. Because these statements reflect
our current views, expectations and beliefs concerning future
events, these forward-looking statements involve risks and
uncertainties. Investors should note that many factors, as more
fully described under the caption "Risk Factors" in our Form 10-K,
Form 10-Q and Form 8-K filings with the Securities and Exchange
Commission and as otherwise enumerated herein or therein, could
affect our future financial results and could cause our actual
results to differ materially from those expressed in
forward-looking statements contained in our Annual Report on Form
10-K. Important factors that could cause our actual results
to differ materially from the expectations reflected in the
forward-looking statements in our Annual Report on Form 10-K
include those factors described herein under the caption "Risk
Factors" and in documents incorporated by reference, including,
among others: our ability to successfully develop, commercialize
and market new products; timing and results of pre-clinical or
clinical trials on new products; our ability to obtain regulatory
approval of any of our pipeline products; competition for the
business of our branded and generic products, and in connection
with our acquisition of rights to intellectual property assets;
market acceptance of our future products; government regulation of
the pharmaceutical industry; our dependence on a small number of
products; our dependence on outside manufacturers for the
manufacture of most of our products; our dependence on third
parties to supply raw materials and to provide services for certain
core aspects of our business; new regulatory action or lawsuits
relating to our use of narcotics in most of our core products; our
exposure to product liability claims and product recalls and the
possibility that we may not be able to adequately insure ourselves;
our ability to protect our proprietary technology; the successful
efforts of manufacturers of branded pharmaceuticals to use
litigation and legislative and regulatory efforts to limit the use
of generics and certain other products; our ability to successfully
implement our acquisition and in-licensing strategy; regulatory or
other limits on the availability of controlled substances that
constitute the active ingredients of some of our products and
products in development; the availability of third-party
reimbursement for our products; the outcome of any pending or
future litigation or claims by third parties or the government, and
the performance of indemnitors with respect to claims for which we
have the right to be indemnified; our dependence on sales to a
limited number of large pharmacy chains and wholesale drug
distributors for a large portion of our total revenues; significant
litigation expenses to defend or assert patent infringement claims;
any interruption or failure by our suppliers, distributors and
collaboration partners to meet their obligations pursuant to
various agreements with us; a determination by a regulatory agency
that we are engaging or have engaged in inappropriate sales or
marketing activities, including promoting the "off-label" use of
our products; existing suppliers become unavailable or lose their
regulatory status as an approved source, causing an inability to
obtain required components, raw materials or products on a timely
basis or at commercially reasonable prices; the loss of branded
product exclusivity periods and related intellectual property. ###
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td /td td /td td /td td /td/tr
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459-6645 /td tdbr/ br//td tdbr/ br//td tdbr/
br//td tdbr/ br//td tdMediabr/ Kevin Wigginsbr/ (610)
459-7281/td/tr trtd /td td /td td /td td /td
td /td td /td/tr
trtdbuBioniche/u/bb: /b/td
td /td td /td td /td td /td td /td/tr
trtdJennifer Shea br/ (613)
966-8058br/ (613) 391-2097/td tdbr/ br//td tdbr/ br//td tdbr/
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