NeoPharm and Collaborators Present Preliminary Phase I LE-SN38 And NeoLipid(TM) Data

Date : 11/20/2003 @ 7:00AM
Source : PR Newswire
Stock : Neopharm (MM) (NEOL)
Quote : 0.1362  0.0062 (4.77%) @ 2:52PM
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NeoPharm and Collaborators Present Preliminary Phase I LE-SN38 And NeoLipid(TM) Data

NeoPharm and Collaborators Present Preliminary Phase I LE-SN38 And NeoLipid(TM) Data Presentations Made at AACR-NCI-EORTC Conference and Chemotherapy Foundation Symposium

LAKE FOREST, Ill., Nov. 20 /PRNewswire-FirstCall/ -- NeoPharm, Inc. announced today the first preliminary Phase I clinical trial data for LE-SN38 (Liposomal SN38), NeoPharm's NeoLipid(TM) formulation of SN38, the active metabolite of the approved cancer fighting pro-drug known as irinotecan. Preliminary results indicate that stable disease has been observed in 9 of 27 patients to date (33%), LE-SN38 appears to be safe and well tolerated at doses up to 20mg/m2 and dose escalation will continue beyond 20 mg/m2, as planned. Details of the LE-SN38 findings to date were reported on Wednesday, November 19, 2003, at the AACR-NCI-EORTC International Conference on Molecular Targets and Cancer Therapeutics held in Boston, Massachusetts. The poster can be viewed on the NeoPharm website at http://www.neophrm.com/ .

"We are very pleased with the progress our investigators have made in the LE-SN38 clinical program," said James Hussey, President and Chief Executive Officer of NeoPharm. "We are encouraged by the preliminary results indicating that we have achieved stable disease in some patients without yet reaching our target dose, while at the same time the side effects appear to be mild and transient. This ongoing pharmacogenomic study will give us the best chance to administer the right dose for the right patient, which has been a major limitation for current topoisomerase inhibitors."

AACR-NCI-EORTC International Conference on Molecular Targets and Cancer Therapeutics

A scientific poster presentation entitled, Phase I Study of Liposomal SN- 38 (LE-SN38) in Patients with Advanced Cancer: Pharmacogenomics and Pharmacokinetics, was made on November 19th at the joint meeting of the American Association for Cancer Research (AACR), U.S. National Cancer Institute (NCI) and European Organization for Research and Treatment of Cancer (EORTC) in Boston, Massachusetts. The poster described preliminary findings from the first human study of LE-SN38 conducted by collaborators from H. Lee Moffitt Cancer Center (University of South Florida), Karmanos Cancer Center (Wayne State University), and Ohio State University. LE-SN38 is a novel liposomal formulation of SN38, the active but insoluble metabolite of irinotecan (CPT-11), marketed as Camptosar(TM) (Pfizer). Current dose- limiting toxicities (DLT) observed with CPT-11 are diarrhea and neutropenia. NeoLipid(TM) technology is designed to enhance the solubility of SN38 and provide protection from rapid drug degradation. Pre-clinical data suggest that LE-SN38 may provide an increased safety profile, broad anti-tumor efficacy and permit dose intensification as compared to CPT-11, since the usually inefficient and highly variable conversion of the inactive pro-drug (CPT-11) to active metabolite (SN38) is not necessary. The primary objectives of the Phase I study are to determine the pharmacogenomics, pharmacokinetics and safety of LE-SN38 in patients with advanced local or metastatic solid tumors who have failed conventional therapy.

Tumor progressioin is also monitored. Cohorts of patients receive escalating doses (from 2.5 up to 90 mg/m2 depending on patient tolerability) of intravenous LE-SN38 infusion over 90 minutes every 21 days until disease progression or unacceptable toxicity. Presence of a genetic polymorphism in the UGT1A1 gene can affect SN-38 metabolism, so patients are divided into three dose cohorts depending on genotype. To date, successful dosing and dose escalation has occurred, with patient accrual continuing at doses up to 30 mg/m2 and further dose escalation is planned. "I am encouraged by the fact that neither of the expected severe toxicities, diarrhea or neutropenia, have been dose-limiting to date. Thus far, LE-SN38 appears to be safe and well-tolerated. The prospective genotyping of patients will facilitate the individualization of drug dosing for further testing," said lead study investigator Mayer Fishman, MD, PhD, Department of Interdisciplinary Oncology at the H. Lee Moffitt Cancer Center and Research Institute, University of South Florida. Phase II clinical trial planning is underway and studies are currently anticipated to start in 2004.

AACR, founded in 1907, is a nonprofit scientific society of more than 20,000 laboratory, translational, and clinical cancer researchers. Its mission is to prevent and cure cancer through research, education, and communication. This work is carried out through high-quality scientific programs in all disciplines in the cancer field. For more information on the meeting please visit: http://www.aacr.org/ .

Chemotherapy Foundation Symposium XXI

Additionally, an abstract entitled, Phase I Trials of Liposome Encapsulated Mitoxantrone (LEM) and SN-38 (LE-SN38), was given as an oral presentation by Mayer Fishman, MD, PhD, Department of Interdisciplinary Oncology at the H. Lee Moffitt Cancer Center and Research Institute, University of South Florida, on Friday, November 14th, 3:05 pm, Marriott Marquis Hotel, New York City.

In his presentation, Dr. Fishman highlighted NeoPharm's NeoLipid(TM) technology which combines drugs or biologic compounds with proprietary lipids, such as cardiolipin, to create stable microscopic membrane-like structures called liposomes. He discussed several liposomal formulations that are being developed in an attempt to improve drug solubility, prolong circulation times, increase tumor vascular trapping and reduce toxicity of potent chemotherapeutic drugs. Dr. Fishman discussed the evolution and status of LEM and LE-SN38 as examples of how NeoLipid(TM) technology may enable more comfortable to administer, safer, and well-tolerated treatment for cancer patients.

The Chemotherapy Foundation Symposium XXI is jointly sponsored by the Page & William Black Post-Graduate School and the Division of Hematology/Oncology of the Mount Sinai School of Medicine and The Chemotherapy Foundation. In its fourth decade, the symposium attracts a worldwide audience of professionals involved in the management of cancer patients to discuss emerging advances in the treatment of neoplastic diseases. For additional details please visit: http://www.mssm.edu.tcf/ .

About NeoPharm

NeoPharm, Inc., based in Lake Forest, IL, is a publicly traded biopharmaceutical company dedicated to the research, discovery and commercialization of new and innovative cancer drugs for therapeutic applications. The Company has a broad portfolio of compounds in various stages of development. Additional information about NeoPharm and recent news releases can be obtained by visiting NeoPharm's Website at: http://www.neophrm.com/ or contact Investor Relations, NeoPharm, at 847.295.8678.

Forward Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company has tried to identify such forward-looking statements by use of such words as "expects," "intends," "hopes," "anticipates," "believes," "could," "may," "evidences" and "estimates," and other similar expressions, but these words are not the exclusive means of identifying such statements. Such statements include, but are not limited to, any statements relating to the Company's drug development program, including, but not limited to, the status, development or results from any clinical trial involving LE-SN38, and any other statements that are not historical facts. Such statements involve risks and uncertainties, including, but not limited to, those risks and uncertainties relating to difficulties or delays in development, testing, regulatory approval, production and marketing of the Company's drug and non-drug compounds, such as LE-SN38, uncertainty regarding the availability of third party lyophilization capacity, uncertainty regarding the outcome of damage claims made by or against the Company, including the outcome of the pending arbitration with Pharmacia, unexpected adverse side effects or inadequate therapeutic efficacy of the Company's drug and non-drug compounds that could slow or prevent products coming to market, the uncertainty of patent protection for the Company's intellectual property or trade secrets and other risks detailed from time to time in filings the Company makes with the Securities and Exchange Commission including our annual reports on Form 10-K and our quarterly reports on Forms 10-Q. Such statements are based on management's current expectations, but actual results may differ materially due to various factors, including those risks and uncertainties mentioned or referred to in this press release. Accordingly, you should not rely on these forward-looking statements as a prediction of actual future results.

DATASOURCE: NeoPharm, Inc.

CONTACT: Larry Kenyon, CFO of NeoPharm, Inc., +1-847-295-8678, or

Investors, Janet Dally of MontRidge, LLC, +1-203-894-8038, or Media, Kristin

Fayer of Outlook Marketing, +1-847-509-3099

Web site: http://www.neophrm.com/

http://www.aacr.org/

http://www.mssm.edu.tcf/

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