Adherex Technologies Inc. (TSX: AHX) (AMEX: ADH), a
biopharmaceutical company dedicated to solving problems for
patients with cancer, today announced that Dr. William P. Peters,
Adherex's Chairman and CEO, will be presenting at Windhover
Information's Therapeutic Area Partnerships Meeting on Tuesday,
November 4, 2008 at the Loews Philadelphia Hotel. Adherex's sodium
thiosulfate (STS), a chemoprotectant being developed to reduce or
prevent the hearing loss often associated with platinum-based
chemotherapies, was selected by Windhover as one of the Top 10 most
interesting oncology projects available for partnering. The
independent selection committee was led by Marc Wortman, PhD,
contributing writer to Windhover's In Vivo and Start Up magazines,
and a team from the pharmaceutical and biotech management
consulting firm, Campbell Alliance. This is the second time an
Adherex product has been selected, with ADH-1 being honored as a
Top 10 project by Windhover last year.
"Selected companies have been screened using a strict set of
criteria for the Top 10 award and represent what our committee
considered the most attractive oncology opportunities the industry
currently has to offer," said Roger Longman, Managing Director of
Windhover Information. "Winners have met rigorous criteria
including: unmet medical need, market potential, strong science,
multi-level partnering opportunities (biotech and pharma),
potential for new opportunities beyond initial indications, and
corporate stability."
"We are delighted to be recognized once again in the Top 10 by
the selection committee assembled by Windhover," said Dr. William
P. Peters, Chairman and CEO of Adherex. "STS, currently in Phase 3
clinical trials worldwide, is the first compound in late-stage
development attempting to reduce or prevent the significant hearing
damage often seen with platinum-based chemotherapies such as
cisplatin, a significant unmet need in both children and
adults."
Adherex is currently evaluating STS in a multi-centered,
randomized Phase 3 trial in collaboration with Children's Oncology
Group (COG) in children receiving cisplatin chemotherapy for newly
diagnosed germ cell, liver (hepatoblastoma), brain
(medulloblastoma), nerve tissue (neuroblastoma) or bone
(osteosarcoma) cancers. This trial is expected to enroll up to 120
patients over approximately three years in up to 230 COG centers in
the United States, Canada, Australia and Europe. Adherex is also
conducting a multi-centered, randomized Phase 3 trial of STS in
children with liver (hepatoblastoma) cancer in collaboration with
the International Childhood Liver Tumour Strategy Group (known as
SIOPEL), a multi-disciplinary group of specialists under the
umbrella of the International Society of Pediatric Oncology (SIOP),
which is expected to enroll up to 100 patients in centers in up to
33 participating countries. In May 2008, we completed a license
agreement with the Netherlands Cancer Institute - Antoni van
Leeuwenhoek Hospital (NCI-AVL) for the exclusive use of data from a
completed Phase 3 trial using STS to prevent platinum-induced
hearing loss in adults with head and neck cancer. The NCI-AVL Phase
3 trial demonstrated that, at two years following treatment, STS
was able to protect against cisplatin-induced hearing loss without
any apparent affect on the anti-cancer efficacy of the cisplatin.
The agreement with NCI-AVL also includes an exclusive license to
data from a planned follow-up study intended to provide longer-term
data on the hearing status, disease-free status and overall
survival of patients from the completed Phase 3 trial.
In addition to the TA Partnerships Meeting in Philadelphia, PA,
other recent or upcoming presentations by Adherex include:
- BioPharm America 2008, Atlanta, GA, September 9-10, 2008,
where Dr. Peters participated on a panel entitled "The New Oncology
Partnerships - Paradigms for Novel Therapies or More of the
Same?"
- 2008 BioFlorida Annual Conference, Amelia Island, FL, October
19-22, 2008, where Dr. Peters participated on a panel entitled
"Partner Now, Later or Never - the Pro's & Con's"
- Licensing Executives Society 2008 Annual Meeting, Orlando, FL,
October 19-23, 2008, where Dr. Peters participated on a panel
entitled "Licensing Assets to Repurpose in New Indications"
- Chemotherapy Foundation Symposium XXVI, New York, NY, November
4-8, 2008, where Dr. Christi Augustine, Assistant Professor, Dept.
of Surgery, Duke University Medical Center, will present "Systemic
ADH-1 and Melphalan ILI in Advanced Extremity Melanoma" and Dr.
Howard (Skip) Burris, Director of Drug Development and Chief
Medical Officer, Sarah Cannon Cancer Center, will present
"Eniluracil: Clinical update on novel schedules with a
DPD-Inhibitor" on Friday, November 7, 2008
- Rodman & Renshaw 10th Annual Healthcare Conference, New
York, NY, November 10-12, 2008, where Dr. Peters will present a
corporate and clinical development program update that will be
available for viewing by webcast on November 12, 2008 at 2:00 PM
EST
- BIO-Europe 2008, Mannheim, Germany, November 17-19, 2008,
where Dr. Peters will be participating on a panel entitled
"Transformative Trends in Oncology"
About Windhover
Windhover Information Inc., an Elsevier company, has led the
field in providing analysis of the healthcare industry to
decision-makers at all levels since the founding of its flagship
publication, IN VIVO, The Business & Medicine Report, in 1983.
Windhover provides its information and analysis in many formats,
including print, electronic databases, international conferences
and webinars. For more on the company's products and services,
please see www.windhover.com.
About Adherex Technologies
Adherex Technologies Inc. is a biopharmaceutical company
dedicated to the discovery and development of novel cancer
therapeutics. We are in the business of solving problems for
patients with cancer. We have multiple products in the clinical
stage of development, including eniluracil, ADH-1 and sodium
thiosulfate (STS). Eniluracil, an oral dihydropyrimidine
dehydrogenase (DPD) inhibitor, is being developed to improve the
tolerability and effectiveness of 5-fluorouracil (5-FU), one of the
most widely used oncology drugs in the world. ADH-1 is a
biotechnology compound which selectively targets N-cadherin, a
protein present on certain tumor cells and the blood vessels of
solid tumors. STS is a chemoprotectant being developed to reduce or
prevent hearing loss that may result from treatment with
platinum-based chemotherapy drugs. With a diversified portfolio of
unique preclinical and clinical-stage cancer compounds and a
management team with expertise in identifying, developing and
commercializing novel cancer therapeutics, Adherex aims to become a
leader in developing innovative treatments that address important
unmet medical needs in cancer. For more information, please visit
our website at www.adherex.com.
This press release contains forward-looking statements that
involve significant risks and uncertainties. The actual results,
performance or achievements of the Company might differ materially
from the results, performance or achievements of the Company
expressed or implied by such forward-looking statements. Such
forward-looking statements include, without limitation, those
regarding our development plans, the expected results of our
development, and the potential markets and indications for our
drugs. We can provide no assurance that development will proceed as
currently anticipated, that previous results will be predictive of
future outcomes, or that the expected markets or indications for
our drugs will be realized. We are subject to various risks,
including the uncertainties of clinical trials, drug development
and regulatory review, the early stage of our product candidates,
our reliance on collaborative partners, our need for additional
capital to fund our operations, our history of losses, and other
risks inherent to the biopharmaceutical industry. For a more
detailed discussion of related risk factors, please refer to our
public filings available at www.sedar.com and www.sec.gov.
Contacts: Adherex Technologies Inc. D. Scott Murray Senior Vice
President, Corporate Development 919-484-8484 info@adherex.com
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