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News / 13 December 2000
 

 

2000/OB/24

OXFORD BIOMEDICA

Oxford Biomedica Announces Collaboration Agreement with Valentis on its Cancer Therapeutic, MetXiaŽ

Oxford, UK and Burlingame, CA; 13 December, 2000 - Oxford BioMedica announced today that it has signed a collaborative agreement with PolyMASC Pharmaceuticals plc, a wholly-owned subsidiary of the major US gene therapy company, Valentis Inc. (NASDAQ:VLTS) to jointly develop an enhanced version of BioMedica's cancer therapeutic MetXiaŽ. MetXiaŽ represents a platform technology for increasing tumour cell death via the local activation of the established anti-cancer prodrug, cyclophosphamide.

On 6 November 2000 Oxford BioMedica announced the first clinical trial results from the MetXiaŽ programme. A total of eight breast cancer and melanoma patients were treated, by direct administration to the tumour, with three doses of MetXiaŽ. Gene transfer was achieved in all patients and MetXiaŽ appeared to be safe and well tolerated throughout the dose range.

The use of MetXiaŽ can be expanded in a number ways, thereby broadening the commercial potential of the product. One example of this is through the collaboration announced today. PolyMASC and BioMedica will co-develop a version of MetXiaŽ that is designed to selectively target tumours following systemic administration of the product. This is to be achieved by coating MetXiaŽ using PolyMASCs' proprietary viraMASCT PEGylation technology. The PEGylation process, which uses polyethylene glycol (PEG), leads to selective accumulation of the gene therapy vector at tumour sites. PolyMASC is a world leader in this technology. Financial terms of the collaboration were not disclosed.

Commenting on the announcement, Chief Executive, Prof. Alan Kingsman said:
"We are delighted with the signing of this agreement with PolyMASC. The potential value of MetXiaŽ is high, and this has been recognised by Valentis in their commitment to our collaboration and their enthusiasm for putting their PEG technology alongside our gene therapy systems. This is a very exciting combination of technologies."

Dr Gillian Francis, Managing Director of PolyMASC, said:
"The collaboration with Oxford BioMedica is an example of how PolyMASC's viraMASCT technology may open up new commercial opportunities through the intravenous administration of viral vectors in cancer therapy. PolyMASC's PEGylation technologies can be applied to a number of biopharmaceuticals including replicating and non-replicating viruses, proteins and antibodies to improve the safety and efficacy of these emerging products. PolyMASC welcomes this collaboration as an excellent opportunity to combine Oxford BioMedica's vector technology with the benefits of our proprietary viraMASCT delivery system."


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Notes to Editors

1.

Oxford BioMedica plc
Established in 1995, the Company specialises in the development and application of gene-based therapeutics and immunotherapeutics for the treatment of disease in the areas of Oncology, Viral Infection, and Neurobiology and in Gene Discovery. Oxford BioMedica plc was floated on the Alternative Investment Market of the London Stock Exchange in December 1996. Currently Oxford BioMedica has corporate collaborations with Aventis, AstraZeneca, IDM, Modex Therapeutics, Nycomed Amersham and Virbac. BioMedica's first clinical product, MetXiaŽ is in Phase I/II clinical trials for late-stage breast cancer (BC1) and ovarian cancer (OC1). Recently it received ethical approval form the UK Gene Therapy Advisory Committee for a Phase I/II clinical trial of its cancer vaccine TroVaxT in colorectal cancer. The TroVaxT clinical programme is expected to commence shortly.

2.

MetXiaŽ gene therapy for cancer
A common strategy for the treatment of cancer is to administer cytotoxic (or cell killing) drugs in an attempt to destroy the tumour. Cyclophosphamide is one of a group of drugs that is taken by the patient in the form of an inactive prodrug. The prodrug travels through the body to the liver where enzymes convert it to the active, cytotoxic form. This approach affects the whole body and leads to the familiar adverse side effects of cancer chemotherapy because the cytotoxic drug destroys normal cells on its way from the liver to the tumour. In addition, because the activating enzymes are present only in the liver, high doses of prodrug must be given to achieve therapeutic levels of the cytotoxic drug at the tumour site. Often the therapeutic effect is compromised by the toxicity.

Oxford BioMedica's MetXiaŽ addresses these problems by delivering the gene (CYP2B6) directly to the tumour. Once incorporated into the genetic material of the tumour cells, this gene produces the liver enzyme that converts the cyclophosphamide pro-drug to its active form within the tumour. The aim is to achieve high concentrations of activated cyclophosphamide locally in the tumour while minimising circulating levels of the drug. It is anticipated that this will lead to substantially increased sensitivity of the tumour to the drug and to an ability to reduce the dose of cyclophosphamide, thereby reducing adverse side effects.

In a variety of preclinical models, BioMedica has shown that delivery of the human CYP2B6 gene to tumours, using MetXiaŽ, does indeed increase their sensitivity to cyclophosphamide and leads to enhanced tumour cell killing. The Company is now engaged in Phase I/II clinical trials in breast cancer (BC1) and ovarian cancer (OC1). The results reported on 6 November 2000 confirm that the gene transfer achieved in preclinical models also occurs in the cancer patients in the BC1 trial. The implication for the efficacy of the product of this level of gene transfer will be evaluated in further studies.

MetXiaŽ represents a platform technology which can be developed in a number of ways; firstly as a product in its own right, secondly as a component of a combination product that induces the immune system to destroy tumours and finally, in selected formulations to achieve tumour targeting. The collaborative agreement signed today with Valentis, is an example of the third of these options.

3. Valentis, Inc.
Valentis, Inc. is a leader in the field of biopharmaceutical delivery. Valentis develops proprietary technologies and applies its preclinical and early clinical development expertise to create novel therapeutics. The company's core technologies include multiple gene delivery and gene expression systems and PEGylation technologies designed to improve the safety, efficacy and dosing characteristics of genes, proteins, peptides, peptidomimetics, antibodies and replicating and non-replicating viruses.

These technologies are covered by a broad patent portfolio that includes issued U.S. and European claims. Valentis' commercial strategy is to enter into corporate collaborations for full-scale clinical development and marketing and sales of products. Together, Valentis and its wholly-owned subsidiary PolyMASC Pharmaceuticals currently have corporate collaborations with Roche Holdings, Eli Lilly, Glaxo Wellcome, Boehringer Ingelheim, Heska Corporation, Transkaryotic Therapies, Onyx Pharmaceuticals and Bayer International, and a manufacturing partnership (the pAlliance) with DSM Biologics and Qiagen N.V.

Additional information about Valentis can be found at www.valentis.com

Statements in this press release that are not strictly historical are "forward looking" statements as defined in the Private Securities Litigation Reform Act of 1995. The words "believes," "expects," "intends," "anticipates," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the need for additional capital, the early stage of product development, uncertainties related to clinical trials, and uncertainties related to patent position. There can be no assurance that Valentis will be able to develop commercially viable gene-based therapeutics or PEGylated products, that any of its programs will be partnered with a pharmaceutical partner, that necessary regulatory approvals will be obtained, or that any clinical trial will be successful. The actual results may differ from those projected in the forward-looking statement due to risks and uncertainties that exist in the Company's operations and business environment. These are described more fully in the Valentis Annual Report on Form 10-K for the period ended June 30, 2000 as filed with the Securities and Exchange Commission.

For further information please contact:

 

Oxford BioMedica plc
Professor Alan Kingsman, Chief Executive

Tel: +44 (0)1865 783 000

City/Financial Enquiries
David Simonson, Melanie Toyne Sewell
Merlin Financial Communications

Tel: +44 (0)20 7606 1244

Scientific/Trade Enquiries
Chris Gardner, HCC•De Facto Group

Tel: +44 (0)20 7496 3300

PolyMASC Pharmaceuticals plc
James Green, Commercial Director
Tel: +44 (0)20 7284 3100

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