Bioenvision to Expand into Japan and Southeast Asia; Japanese Health Officials Endorse Bioenvision's Leukemia Drug
September 18 2006 - 7:00AM
Business Wire
Bioenvision, Inc. (NasdaqGM:BIVN) today announced it is expanding
into Japan and Southeast Asia for the clinical and commercial
development of Evoltra(R) (clofarabine) in this newly licensed
territory. Bioenvision licensed these previously ungranted rights
to manufacture, sell, market and distribute Evoltra in this region
from Southern Research Institute of Birmingham, Alabama, the
inventor of clofarabine. Bioenvision had the exclusive, irrevocable
option to develop, market and distribute clofarabine in Japan and
Southeast Asia; and converted it into an exclusive license. In
Southeast Asia, Bioenvision successfully licensed these rights in
the countries of Indonesia, Malaysia, Taiwan, Hong Kong, Singapore,
Vietnam, Cambodia, Thailand, Laos, Philippines and South Korea.
"Now that clofarabine has been approved in the U.S. and Europe, it
is important for Bioenvision to establish a base of operations from
which to develop clofarabine in Japan, the second largest
pharmaceutical market in the world," said David P. Luci,
Bioenvision's Chief Financial Officer and General Counsel.
"Bioenvision's strategy is to develop clofarabine across
therapeutic areas and across geographic locations. Succeeding to
the Japanese rights is a critical step in this strategy." "We are
pleased with the commitment Bioenvision has made to bring our
latest innovative drug - clofarabine - to the largest patient
populations possible," said Tina S. Rogers, Ph.D., interim CEO and
vice president of the Drug Development Division at Southern
Research. "Bioenvision's management has been successful in its
European development strategy and we have every expectation they
will do the same with the Japanese regulatory authorities."
Japanese health officials recently announced their desire to
expedite the clinical development of clofarabine in Japan. The
Japanese Ministry of Health's Advisory Committee for the Usage of
Unapproved Drugs has noted that clofarabine is approved in the U.S.
and Europe but is not available in Japan. The Advisory Committee
has publicly stated its position that clofarabine needs to be
brought to immediate clinical development in Japan. "We are pleased
to know the medical experts in Japan recognize the benefit of
Evoltra(R) for critically ill children with leukemia," said Dr.
Christopher B. Wood, Chairman and Chief Executive Officer of
Bioenvision. "We will work closely with the Japanese authorities
and oncologists to ensure Evoltra(R) is made available for clinical
development in Japan as soon as possible." About Evoltra(R)
(clofarabine) The European Marketing Authorization for Evoltra(R)
(clofarabine) is for "the treatment of acute lymphoblastic leukemia
(ALL) in pediatric patients who have relapsed or are refractory to
at least two prior regimens and where there is no other treatment
option anticipated to result in a durable response. Safety and
efficacy have been assessed in studies of patients less than or
equal to 21 years old at initial diagnosis." Clofarabine is in
clinical development for the treatment of other hematological
cancers and solid tumors. Bioenvision is also conducting late-stage
preclinical development of Evoltra(R) for the treatment of
psoriasis and is planning further worldwide development of
Evoltra(R) in autoimmune diseases. Evoltra(R) (clofarabine) is a
next generation purine nucleoside analog. Bioenvision holds an
exclusive worldwide license (excluding U.S. and Canada) for the
cancer applications of clofarabine and an exclusive worldwide
license for all non-cancer indications. Bioenvision granted an
exclusive sublicense to Genzyme Corporation to develop and
commercialize clofarabine for certain cancer indications in the
U.S. and Canada, which Genzyme markets under the name of Clolar(R).
Bioenvision originally obtained clofarabine development and
commercialization rights under patents held by Southern Research
Institute. Clofarabine has been granted orphan drug designation for
the treatment of both ALL and AML in the U.S. and Europe. In
Europe, the designation provides marketing exclusivity for 10 years
following Marketing Authorization. About Bioenvision Bioenvision's
primary focus is the acquisition, development, distribution and
marketing of compounds and technologies for the treatment of
cancer. Bioenvision has a broad pipeline of products for the
treatment of cancer, including: Evoltra(R), Modrenal(R) (for which
Bioenvision has obtained regulatory approval for marketing in the
United Kingdom for the treatment of post-menopausal breast cancer
following relapse to initial hormone therapy), and other products.
Bioenvision is also developing anti-infective technologies,
including the OLIGON(R) technology, an advanced biomaterial that
has been incorporated into various FDA approved medical devices and
Suvus(R), an antimicrobial agent currently in clinical development
for refractory chronic hepatitis C infection. For more information
on Bioenvision please visit our Web site at www.bioenvision.com.
Certain statements contained herein are "forward-looking"
statements (as such term is defined in the Private Securities
Litigation Reform Act of 1995). Because these statements include
risks and uncertainties, actual results may differ materially from
those expressed or implied by such forward-looking statements.
Specifically, factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking
statements include, but are not limited to: risks associated with
preclinical and clinical developments in the biopharmaceutical
industry in general and in Bioenvision's compounds under
development in particular; the potential failure of Bioenvision's
compounds under development to prove safe and effective for
treatment of disease; uncertainties inherent in the early stage of
Bioenvision's compounds under development; failure to successfully
implement or complete clinical trials; failure to receive marketing
clearance from regulatory agencies for our compounds under
development; acquisitions, divestitures, mergers, licenses or
strategic initiatives that change Bioenvision's business, structure
or projections; the development of competing products;
uncertainties related to Bioenvision's dependence on third parties
and partners; and those risks described in Bioenvision's filings
with the SEC. Bioenvision disclaims any obligation to update these
forward-looking statements.
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