PSD psivida limited

brachysil cancer therapy achieves primary endpoint

  1. 20,457 Posts.
    lightbulb Created with Sketch. 269
    ASX/MEDIA RELEASE 21st June 2005
    BrachySil™ Cancer Therapy Achieves Primary Endpoint
    in Phase IIa Clinical Trials
    Final Report Confirms BrachySil™ Safe and Well Tolerated
    Global nanotechnology company pSivida Limited (ASX:PSD, NASDAQ:PSDV, XETRA:PSI)
    and the Singapore General Hospital (“SGH”), are very pleased to announce key findings
    from the final report on its Phase IIa clinical trials with BrachySil™ as a potential new
    brachytherapy treatment for inoperable primary liver cancer.
    The report confirms that the primary endpoint of the trial was achieved in its key first
    indication in that BrachySil™ (32-P BioSilicon™) was found to be both safe and well
    tolerated. The trial was conducted at the SGH on eight patients with advanced liver cancer
    who were evaluated after three and six months following treatment.
    Among other key findings of the trial was the finding that BrachySil™ also reduced
    significantly the size of tumors treated as determined by CT scanning. These combined
    results pave the way for a multi-centre Phase IIb dose-profiling study for BrachySil™ in this
    indication, which is scheduled to begin later in 2005. This study is expected to provide data
    to support the registration of BrachySil™ as an approved treatment for liver cancer.
    Gavin Rezos, Managing Director of pSivida, said, “This report confirms the excellent results
    for BrachySil™ that we previously announced at the 12-week interim study time point, and
    will provide not only a robust foundation for future clinical development and regulatory filing,
    but also a springboard for our ongoing licensing activities with partners looking to enhance
    their own portfolios of specialist cancer therapies.”
    Dr Pierce Chow, Senior Consultant, Hepatobiliary and General Surgery at Singapore
    General Hospital, said, “From the perspective of patients suffering with advanced cancer of
    this kind, BrachySil™ promises to offer the possibility of an effective, safe and relatively
    pain-free treatment, which can potentially improve both the duration and quality of life. We,
    at the SGH, are very encouraged by the promising data seen to date with BrachySil™ and
    are optimistic that subsequent clinical trials will continue to show positive results in this and
    other serious cancer indications.”
    BrachySil™ is a micron-sized nanostructured silicon particle in which radioactive 32-
    phosphorus (32-P) is immobilized. It is administered as a liquid suspension through a finegauge
    needle directly into tumors. The procedure takes place under local anaesthetic and
    without the need for shielded rooms or robotic injectors, and patients can be discharged the
    next day.
    Key Findings
    The final report of the Phase IIa clinical trial has confirmed four key findings:
    • Safety – No product-related adverse events
    BrachySil™ was found to be well tolerated by all eight patients in the trial group. No
    significant product-related adverse events were reported either immediately following
    implantation or during the six month follow–up period. Adverse events tended to be mild
    and transient.
    • Efficacy – Treated tumors demonstrate significant tumor regression
    Implanting BrachySil™ directly into tumors results in significant tumoricidal activity.
    Although the primary objective of the study was to determine the safety profile of
    BrachySil™, CT scan analysis of tumors at the time of treatment and three and six months
    later demonstrates significant tumor regression in targeted lesions with a maximum
    regression of 100% in some small tumors from the dose used in the trial.
    • Specificity – Retention of radioactivity in the tumor
    A key finding is that BrachySil™ microparticles remain in the tumor with no or insignificant
    detectable radioactive leakage. This observation is a very significant outcome for the trial.
    Unlike other liver brachytherapy approaches that involve delivery via the hepatic artery
    which, in some cases, results in radioactivity becoming associated with healthy tissue,
    BrachySil™ is administered directly into tumors restricting radioactivity to the tumor itself.
    • Ease Of Application – Practical and rapid treatment of tumors with ultrasound and
    CT guidance
    The procedure has been shown to be straightforward and accurate for the treatment of
    tumors in a routine and conventional clinical setting. From a market perspective, this
    demonstration is in line with the Company’s strategy to develop a simple procedure for the
    nuclear medicine physician and interventional radiologist to selectively treat specific
    tumors.
    Next Steps
    As mentioned above, pSivida is planning to initiate a multi-centre Phase IIb dose-profiling
    study for BrachySil™ as a treatment for advanced liver cancer in the second half of 2005.
    The Company plans to pursue a ‘device-based’ regulatory strategy, with BrachySil™ filings
    scheduled in 2007 initially as a treatment for liver cancer and thereafter for the treatment for
    other cancers involving solid tumors.
    pSivida has already started a development programme for BrachySil™ in a second key
    cancer indication – pancreatic cancer – and plans to commence Phase IIa clinical trials
    before the end of 2005 to evaluate and safety and tolerability of the treatment. The trial will
    also monitor the efficacy of the treatment based on CT measurements of tumor regression
    as a foundation for subsequent Phase IIb dose-profiling studies.
    Finally, pSivida will employ a multi-injector/implanter device that will be clinically evaluated in
    all subsequent trials using BrachySil™ as a means of ensuring effective distribution of the
    implanted dose from a single entry point. This device will, for the first time, enable physicians
    to treat larger tumors and could represent a significant advantage of BrachySil™ over
    existing brachytherapies. The Company is currently seeking development and marketing
    partners for BrachySil™ in the major territories.
    Notes on BrachySil™ and competitive advantages in brachytherapy
    BrachySil™ (32-P-BioSilicon™) is being manufactured to regulatory guidelines by supply
    chain contract partners including Atomising Systems Ltd and High Force Ltd in the UK and
    Auriga Medical in Germany. Importantly the manufacturing process has already been scaled
    up successfully to supply materials for clinical trial programmes and early product launch.
    Brachytherapy treatment utilising BrachySil™ includes the following potential advantages:
    • Short range – 32-P isotope has a short active range resulting in controlled exposure
    to radioactivity and less damage to healthy tissue.
    • Immobilization – 32-P device is immobilized in the tumor, significantly reducing risk
    of leakage or systemic side effects.
    • Ease of application - BrachySil™ is delivered under local anaesthetic and patients
    can be discharged the next day.
    • Direct delivery – BrachySil™ is delivered via fine-gauge needle, minimizing side
    effects and tissue trauma without the need for shielded rooms or robotic injectors
    allowing treatment in hospitals without the need for investment in specialised
    facilities.
    • Range of tumors – fine-gauge needle delivery allows potential application to many
    solid tumors, unlike current brachytherapy products.
    • Distribution – 32-P half-life of 14 days allows convenient distribution to hospitals
    and application in the patient.
    • Manufacture – BioSilicon™ is “radiation hard” allowing ease of manufacture of
    BrachySil™ from phosphorus-doped silicon used in the electronics industry without
    the need to build costly manufacturing facilities.
    -ENDSFor
    further information, please contact:
    pSivida Limited Tel: + 61 (8) 9226 5099
    Gavin Rezos, Managing Director
    Joshua Mann, CFA, Investor Relations
    Singapore General Hospital Tel: + 65 6321 4325
    Ms Angela Ng,
    Assistant Manager, Corporate Communications
    US Public Relations
    Beverly Jedynak, Martin E. Janis & Co. Tel: +1 (312) 943 1100
    UK & Europe Public Relations
    Mark Swallow, Ph.D, Citigate Dewe Rogerson Tel: +44 (0)20 7638 9571
    NOTES TO EDITORS:
    pSivida Limited
    pSivida is a global nanotechnology company committed to the biomedical sector and the development
    of products in healthcare. The company’s focus is the development and commercialisation of a
    modified form of silicon (porosified or nano-structured silicon) known as BioSilicon™. As a new and
    exciting biocompatible material, BioSilicon™ offers multiple potential applications across the high
    growth healthcare sector, including controlled release drug delivery, targeted cancer therapies
    (including brachytherapy and localized chemotherapy), tissue engineering and orthopedics. Potential
    diagnostics applications are being developed through its subsidiary AION Diagnostics Limited.
    pSivida owns the intellectual property rights to BioSilicon™ for use in or on humans and animals. The
    IP portfolio consists of 26 patent families, 30 granted patents and over 80 patent applications. The
    core patent, which recognises BioSilicon™ as a biomaterial was granted in the UK in 2000 and in the
    US in 2001.
    pSivida is listed on NASDAQ (PSDV), the Australian Stock Exchange (PSD) and in Germany on the
    Frankfurt Stock Exchange on the XETRA system (German Symbol: PSI. Securities Code (WKN)
    358705). pSivida’s shares also trade in the United Kingdom on the OFEX International Market Service
    (IMS) under the ticker symbol PSD.
    The Company’s strategic partner and largest shareholder is the QinetiQ group, the largest science
    and technology company in Europe. QinetiQ is the former UK government Defence Evaluation
    Research Agency and was instrumental in discovering BioSilicon™. pSivida enjoys a strong
    relationship with QinetiQ having access to its cutting edge research and development facilities. For
    more information on QinetiQ visit www.qinetiq.com.
    For more information visit www.psivida.com
    Singapore General Hospital
    Singapore General Hospital (SGH) is Singapore’s oldest and largest tertiary acute care hospital and
    national referral centre. It offers a comprehensive range of clinical specialties and support services
    for the South-East Asia region. Annually, 70,000 patients are admitted to the hospital and 600,000
    attend its specialist outpatient clinics. SGH also recognizes research and education as essential
    pillars of healthcare. Drawing upon its wealth of resources (clinical expertise, modern research
    facilities, and patient data and specimens), the Hospital’s researchers are pursuing, in an integrated
    and holistic manner, the full range of ‘molecules-to-communities’ studies. Extensive teaching and
    educational services are also offered.
    For more information visit www.sgh.com.sg
    This document contains forward-looking statements that involve risks and uncertainties. Although we believe that the expectations
    reflected in such forward-looking statements are reasonable at this time, we can give no assurance that such expectations will prove to
    be correct. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Actual
    results could differ materially from those anticipated in these forward-looking statements due to many important factors including: our
    failure to develop applications for BioSiliconTM due to regulatory, scientific or other issues. Other reasons are contained in cautionary
    statements in the Registration Statement on Form 20-F filed with the U.S. Securities and Exchange Commission, including, without
    limitation, under Item 3.D, "Risk Factors" therein. We do not undertake to update any oral or written forward-looking statements that
    may be made by or on behalf of pSivida.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.