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Last updated on May 28, 2012 at 18:09 EDT

Cytopia Commences Phase II Cancer Drug Study

December 18, 2007
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MELBOURNE, Australia, Dec. 18 /PRNewswire/ — Cytopia Limited has obtained regulatory approval to proceed with a Phase II clinical study assessing its lead anti-cancer drug in up to 24 multiple myeloma patients. Patient enrolment will soon commence.

This Phase II study is the first in a number of further clinical studies planned for the anti-cancer vascular-disrupting agent CYT997 and will be conducted at the Alfred Hospital in Melbourne, Australia. It will investigate the activity of CYT997 in patients with relapsed or refractory multiple myeloma.

Multiple myeloma is an incurable cancer of plasma cells of the bone marrow, where the cells divide in an uncontrolled manner invading not only the marrow but the solid bone tissue. The human clinical trial follows promising laboratory studies which indicate that CYT997 potently disrupts myeloma cells, including those collected from patients with the disease.

While some significant advances in myeloma therapy have occurred in recent years, disease recurrence almost always occurs with increasing drug resistance leading to uncontrollable and fatal disease.

To be eligible for the study, patients must have failed at least one previous line of approved therapy. The trial is a single-arm, two-stage design with an interim analysis after 14 patients and maximum enrolment of 24 subjects. The company anticipates releasing interim data for this study in the third quarter of 2008.

“We are keen to unlock the potential of CYT997 as a next-generation cancer drug, particularly in indications with unmet medical need,” said Mr Andrew Macdonald, CEO of Cytopia. “This study is the first of Cytopia’s planned suite of Phase II studies for CYT997 and is a substantial value-adding milestone for the company.”

The market for multiple myeloma drugs was estimated at US$930 million in 2006 and is expected to grow to approximately US$3 billion by 2013.

Cytopia is also currently conducting a Phase I study investigating the safety and tolerability of CYT997 following oral administration. The company also intends to file regulatory applications in support of other Phase II studies over the coming months.

The following table provides a summary of the key aspects of the Phase II multiple myeloma trial.

   Name of trial         A prospective, single-arm, two-stage, open-label                          Phase II trial of CYT997 in relapsed and                          refractory multiple myeloma (CCL07001)   Primary endpoints     Determination of the overall response rate to CYT997   Secondary endpoints   Time to progression; number of cycles of CYT997 to                          achieve maximum response; overall survival and                          safety and tolerability   Blinding status       Not blinded   Product development   Drug substance and drug product are manufactured to    status                GMP standards   Treatment method       Route             24 hour intravenous infusion dose       Frequency         Days 1 and 8 of a 21 day cycle       Dose-levels       202 mg/m2 CYT997 dihydrochloride   Number of trial       24 patients maximum    subjects   Subject selection     Eligible patients must have a diagnosis of    criteria              multiple myeloma (per World Health Organisation                          criteria) and have received at least one but no                          more than three previous lines of therapy   Trial location        Melbourne, Australia   Expected completion   Interim analysis (14 patients) Q3, 2008   Trial standard        ICH-GCP    About Cytopia  

Cytopia Ltd is an Australian biotechnology company focused on the discovery and development of new drugs to treat cancer. Cytopia conducts its research and development via subsidiaries based in Melbourne, Australia and New York and specializes in discovering new molecules that can inhibit enzymes known as kinases, an exciting new class of drugs.

http://www.cytopia.com.au/

Cytopia Limited

CONTACT: Mr. Andrew Macdonald, Chief Executive Officer, +61-3-9208-4232,andrew.macdonald@cytopia.com.au, or Dr. Gregg Smith, Director: DrugDevelopment & Operations, +61-3-9208-4235, gregg.smith@cytopia.com.au, both ofCytopia Limited

Web site: http://www.cytopia.com.au/