Alteon Expands Licensing Agreement With Biorap Technologies for Diagnostic Assays That Identify High Risk Cardiovascular Patient
06 April 2007 - 1:00AM
PR Newswire (US)
--Haptoglobin Genotype Identifies Patients Most Likely to Benefit
From Alteon's Investigational Drug ALT-2074-- MONTVALE, N.J., April
5 /PRNewswire-FirstCall/ -- Alteon Inc. (AMEX:ALT) announced today
that it has entered into an expanded licensing agreement with
BioRap Technologies, Ltd., the commercialization arm of the
Rappaport Family Institute for Research, Technion University,
Israel, for all diagnostic devices or products for predictive
purposes in vascular or cardiac diseases, including diagnostic
assays for the measurement of the haptoglobin protein (Hp). A
variant of haptoglobin found in people with the Haptoglobin 2-2
genotype, is a potentially important diagnostic tool. Not only can
it be used to determine the risk of cardiovascular disease and
morbidity and mortality in patients with diabetes, but it has been
suggested that it may also help identify a patient population most
likely to benefit from treatment with Alteon's investigational drug
ALT-2074. At the American Heart Association Scientific Sessions in
November 2006, a research team led by Andrew P. Levy, M.D., Ph.D.,
of the Rappaport Institute of the Technion University, Haifa,
Israel showed how the (Hp) 2-2 genotype may be associated with a
larger myocardial infarction (MI) in diabetic mice, and that the
administration of ALT-2074 to mice with this genotype undergoing
ischemic-reperfusion injury, resulted in a reduction in myocardial
injury by over 80%. Alteon believes that these results support the
development of ALT- 2074, a glutathione peroxidase mimetic, as a
therapy for diabetic patients with the Hp 2-2 genotype. ALT-2074 is
currently in Phase 2 human clinical trials. Additional abstracts
presented at the meeting and recent publications have shown that
the high-cardiovascular risk associated haptoglobin type (Hp 2-2)
may also be associated with a defect in reverse cholesterol
transport and atherosclerosis. Under the agreement, Alteon will
make research and milestone payments and royalty payments to BioRap
upon any commercialization of diagnostic and/or therapeutic
products related to the licensed technology. "The licensed
technology from the Rappaport Institute complements our development
efforts with ALT-2074," said Noah Berkowitz, M.D., Ph.D., President
and Chief Executive Officer of Alteon. "In the past year, the
cardiovascular field has been plagued by large scale clinical trial
failures, in which the gamble of "one size fits all" drug
development has been called into question. Our targeted therapy
approach is predicated on the notion that not all patients with
cardiovascular disease exhibit the same underlying biology.
Targeting drugs based on mechanism and disease risk may be a more
effective way to deliver patients and payers what they are looking
for - namely, personalized medicine." About Alteon Alteon is a
product-based biopharmaceutical company engaged in the development
of small molecule drugs to treat and prevent the inflammatory
aspects of cardiovascular disease and diabetes. The Company has
identified several promising product candidates that it believes
represent novel approaches to some of the largest pharmaceutical
markets. Alagebrium, a product of Alteon's drug discovery and
development program, is being developed for the treatment of
diastolic heart failure. This disease represents a rapidly growing
market of unmet medical need, particularly common among diabetic
patients. Alagebrium has demonstrated relevant clinical activity in
two Phase 2 clinical trials in heart failure, as well as in animal
models of heart failure and nephropathy, among others. Alagebrium
has been tested in approximately 1,000 patients in multiple Phase 1
and Phase 2 clinical trials, which represents a sizeable human
safety database. The Company's portfolio also includes orally
bioavailable, organoselenium mimics of glutathione peroxidase that
metabolize lipid peroxides and have the potential to limit
myocardial damage subsequent to a myocardial infarction. Alteon's
lead compound for that program, ALT-2074, is in Phase 2 clinical
trials. The Company also has rights to a diagnostic assay that
identifies a large subset of diabetic patients at highest risk for
cardiovascular complications, because of a defect in oxidized lipid
metabolism that results in increased cardiovascular inflammation.
For more detailed information about Alteon's research and
development, please visit Alteon's website at
http://www.alteon.com/. Any statements contained in this press
release that relate to future plans, events or performance are
forward-looking statements that involve risks and uncertainties
including, but not limited to, the risks associated with the
license arrangement described in this press release, future
clinical development of ALT-2074, and other risks identified in
Alteon's filings with the Securities and Exchange Commission.
Further information on risks faced by Alteon are detailed under the
caption "Risk Factors" in Alteon's Annual Report on Form 10-K for
the year ended December 31, 2006. These filings are available on a
website maintained by the Securities and Exchange Commission at
http://www.sec.gov/. The information contained in this press
release is accurate as of the date indicated. Actual results,
events or performance may differ materially. Alteon undertakes no
obligation to publicly release the result of any revision to these
forward- looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. DATASOURCE: Alteon Inc. CONTACT: Investor
Relations of Alteon, +1-201-934-5000 Web site:
http://www.alteon.com/
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