News / 16 December 1998
 
  1998/OB/16

OXFORD BIOMEDICA

Gene Therapy Advisory Committee Gives Go Ahead for Oxford BioMedica Breast Cancer Trial

Oxford BioMedica, one of Europe's leading gene therapy companies, announced today that the Company's proposed trial of MetXia-P450T in breast cancer patients had been approved by the Gene Therapy Advisory Committee (GTAC). GTAC oversees the UK's gene therapy trials and assesses the suitability of clinical protocols for human trials. Endorsement by this committee is one of the parameters that is taken into account when the Medicines Control Agency (MCA) consider granting a clinical trial certificate (CTX) for a new gene therapy product.

Commenting on GTAC's approval, Chief Executive, Professor Alan Kingsman said: "Over the last eighteen months the research and development staff at Oxford BioMedica have been putting in place an infrastructure that rapidly moves ideas from research to becoming candidate products worthy of clinical evaluation. The approval by GTAC of the Company's first clinical trial is an important milestone on our path to delivering gene therapy products and is a testimony to the thoroughness of our approach to developing clinical trial protocols.

"The next important step for MetXia-P450T is for us is to gain a CTX from the MCA so that patients can be enrolled into the trial. The trial is designed to generate important data that will allow us to choose the most appropriate components for a gene-based therapeutic for treating breast cancer. This will then continue through a series of more extensive clinical trials.

"Although we may be some considerable time away from an approved product, and we do not in any way underestimate the hurdles we will have to conquer to achieve this, the GTAC approval is still a major step forward for the Company's clinical programme." Alan Kingsman added.

Earlier this week Oxford BioMedica announced a collaborative deal with Rhone-Poulenc Rorer Gencell (RPR) worth US $18M in upfront and milestone payments and equity investments and with a royalty stream from markets estimated to be in excess of $2bn per annum. RPR has agreed to subscribe for 1,507,295 Oxford BioMedica 1p ordinary shares at 20p per share, a substantial premium to the closing price on December 14, 1998. Future subscriptions would be at a 10 percent premium to the then current market price. This is an important contract for the Company but it represents only a small fraction of the potential for the commercialisation of proprietary technologies and components of Oxford BioMedica's technology toolbox.



Notes

1. Oxford BioMedica, established in 1995, specialises in the development and application of gene-based therapeutics using advanced gene delivery technologies for the treatment of disease in the areas of: oncology, viral infection, neurobiology and genetic deficiency. Oxford BioMedica plc was floated on the UK Alternative Investment Market of the London Stock Exchange in December 1996.

2. The Company intends to develop its candidate therapeutic products and take them through their initial phases of clinical testing. The candidate products are expected to be licensed to suitable business partners who will then complete the later phases of clinical trials, and ultimately manufacture and market the products.

3. The Company also intends to exploit commercial opportunities arising from its platform technologies with appropriate business partners.

4. Oxford BioMedica was recently awarded a UK government grant of £400,000 under the DTI SMART award scheme to support the Company's first clinical trial programme.

5. This proposed clinical trial of MetXia-P450T will be a Phase I/II trial in small numbers of late stage cancer patients at one centre in the UK. As with all early stage clinical trials, the aim of the trial is to gain safety data before proceeding to larger scale trials. The design of the trial also allows the Company to assess the best combination of components in the product before embarking on later trials, and may also provide data on efficacy. However, the small number of patients in these trials means that results would be unlikely to be statistically reliable.

6. The testing of alternative product configurations is an important aspect which distinguishes gene therapy clinical development from that of conventional single molecule drugs. Oxford BioMedica would therefore expect its clinical programmes to feature a small number of overlapping phase I/II trials that will define the best combination of components in the multi-component system before committing to a final product specification for later trials.

7. The MetXia-P450T breast cancer trials will test the delivery of the gene for a human cytochrome P450 enzyme which should result in localised activation of the established anti-cancer drug cyclophosphamide. Preclinical data show that this approach greatly enhances the effectiveness of cyclophosphamide as an anti-cancer agent. The approach should be applicable to a range of solid tumour types and positive data from this trial will facilitate the clinical development of other candidate products for cancer.

8. This clinical trial breaks new ground in a number of ways. It will be the first trial in the UK to use retroviral gene delivery vectors produced from human cells. This should confer greater activity on the vectors in vivo than the established production method using animal cells. Furthermore, it will be the first gene therapy clinical trial to use the human gene for cytochrome P450 in conjunction with cyclophosphamide.


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For further information contact:

 

Oxford BioMedica plc
Professor Alan Kingsman, Chief Executive

Tel: +44 (0) 1865 783 000

City/Financial Enquiries
Mike Wort Mexal Communications

Tel: +44 (0) 171 432 0394

Scientific/Trade Enquiries
Emma Johnson HCC•De Facto Group

Tel: +44 (0)171 496 3300

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