Procyon Reports Further Positive Clinical Results with PCK3145         Therapeutic for Metastatic Hormone-Refractory Prostate Cancer         Monday February 16, 7:30 am ET 
          Concomitant animal model studies show significant reduction in bone metastasis with PCK3145
          MONTREAL, Feb. 16 /CNW Telbec/ - Procyon Biopharma Inc. (TSX: PBP - News) reported today additional         positive results from the Phase IIa clinical trial currently ongoing in the UK with PCK3145, its therapeutic peptide         indicated for metastatic hormone-refractory prostate cancer. The new data from the third cohort confirms         PCK3145's safety profile as well as potential therapeutic effect on the reduction of metastasis as suggested by         the results of the first two cohorts released last September. The results from the total of twelve patients so far         confirm PSA (Prostate Specific Antigen) reduction or stabilization in nine patients and reduction or normalization         of plasma MMP-9 (Matrix metalloproteinase 9, an enzyme involved in tumor invasion) in all of the patients.
          The Company also reported that studies conducted in the laboratory of its collaborator Dr. Shafaat Rabbani of         the McGill University Health Centre have shown that PCK3145 significantly reduced skeletal metastasis as well         as hypercalcaemia in an experimental rat prostate cancer model. These studies validate PCK3145's potential to         reduce and/or prevent tumor metastasis.
          "We are greatly encouraged with the outcomes of these studies and are pleased to observe consistency in the         results of the Phase IIa trial. This confirms our belief that PCK3145 affects the metastatic process by modulating         the production of MMP-9, an enzyme involved in tumor invasion," said Hans J. Mader, President and CEO of         Procyon Biopharma Inc. "The exciting results from the animal studies of Dr. Rabbani's group further confirm the         inhibitory effect of PCK3145 on bone metastasis, an event which eventually results in a fatal outcome in patients         with prostate cancer," he added.
          Update on the human clinical Phase IIa trial
          The study design includes 4 cohorts of 4 patients, each to receive respectively 5, 20, 40 and 80 mg/m2,         intravenously, 3 times a week for 4 weeks followed by a 7-day observation period. The primary objective of this         study is to evaluate the safety and the tolerability of PCK3145 administered intravenously for the therapeutic         doses. The secondary objectives are to determine the pharmacokinetic profile of PCK3145 administered         intravenously and to evaluate efficacy data, tumor response and hormone levels.
          The new data observed in the third cohort (40 mg/m2) confirms the results obtained with the two first cohorts (5         and 20 mg/m2). All patients from the third cohort have received two treatment cycles and one patient has         received four cycles (almost 5 months of treatment). No drug-related adverse effects were observed and the         drug was well-tolerated in all 12 patients.
          The most dramatic results presented last September and confirmed with the new data show a reduction in the         levels of MMP-9 - Matrix Metalloproteinase-9 - a Gelatinase B enzyme involved in extracellular matrix         degradation and tumor invasion (metastasis). All five patients who had plasma MMP-9 levels over 100 ug/L         before treatment had reductions ranging from 34% to 90% after two cycles of treatment. In the patient that         received 5 cycles (approximately 6 months treatment), the MMP-9 level went down sequentially from 156 ug/L         to 39 ug/L. One patient was unevaluable and in the remaining six patients who had low levels of MMP-9 prior to         treatment (22 to 58 ug/L), they remained low and increased in only two cases when cancer relapse was deemed         to have occurred after two and three cycles.
          Also, as observed with some patients of the two first cohorts, an additional patient in the third cohort showed an         initial response in PSA reduction following treatment. The time to PSA progression in these late-stage         hormone-refractory patients ranged from 14 days to over 160 days. The Karnofsky Performance Status,         indicating the general health of the patients, remained high (80-100). CT scans showed disease stabilization during         the treatment period.
          The treatment phase for the fourth cohort is now completed and the Company expects to disclose the final results         of the study during Q2 2004.
                      New Proof-of-Concept for reduction of metastatic tumors in an animal                     model
          In related animal studies led by Dr. Rabbani, rat prostate cancer cells Mat Ly Lu overexpressing parathyroid         hormone related protein (PTHrP) were either inoculated subcutaneously, S.C., (for tumor inhibition studies) or         injected intracardially, I.C., (for studying metastasis resulting in hind limb paralysis) in syngeneic male         Copenhagen rats, and treated with three different doses of PCK3145. Treatment with the drug resulted in a dose         dependent decrease in tumor volume of about 30-40%, while bone histomorphometry showed that following I.C.         inoculation of tumor cells, treatment with the drug at 100 ug/kg/day resulted in a marked decrease in tumor/bone         volume ratio. In addition, histologic analysis of vertebra showed a marked absence of spinal cord compression         which was consistently/or significantly present in untreated control animals.
          The animal studies also showed the effect of PCK3145 in significantly reducing PTHrP expression in the tumor         cells, hypercalcaemia and hind limb paralysis. Tumor cells were found to be undergoing apoptosis (programmed         cell death) when treated with the drug. Detailed results will be presented at a major conference during the first         half of this year.
          "The effect of PCK3145 in our experimental skeletal metastasis rat model in reducing bone metastasis of the         prostate cancer as well as tumor growth inhibition is very convincing and encouraging", said Dr. Rabbani,         Professor, Department of Medicine, Physiology and Oncology, McGill University. "Our studies clearly show the         potential of the peptide drug for the inhibition and control of metastatic spread of prostate cancer in humans", he         added.
          "We are very pleased with the new results from the clinical trial as well as the animal studies and are currently         working on elucidating the complete mechanism of action of PCK3145 in tumor growth reduction as well as         metastasis and MMP-9 reduction," said Dr. Chandra Panchal, Senior Executive Vice- President, New         Technologies and Preclinical Research, Procyon Biopharma Inc. "As the utility of plasma levels of MMP-9 as a         prognostic marker has been suggested in other types of cancers such as for breast, colon, lung and ovarian         cancers, we hope that the mechanism of action will demonstrate if PCK3145 is specific to prostate cancer. In         light of these results and with the help of our collaborators and medical consultants we are in the process of         establishing the protocol for the clinical Phase IIb study anticipated to commence later this year," he added.
          About Procyon Biopharma
          Procyon Biopharma Inc. is a publicly traded, Montreal-based, Canadian biotechnology company actively engaged         in the discovery and development of innovative therapeutics and diagnostics in the fields of oncology and         infectious diseases. Procyon brings its products and technologies from the laboratory to the clinical trials and         licenses them to larger pharmaceutical partners for further development and commercialization. Procyon's         pipeline comprises a healthy combination of early-stage anti-cancer platforms, PSP94 and ANsA, as well as         anti-HIV/AIDS compounds, PL-100, a protease inhibitor, and PL-2500, a lead candidate integrase inhibitor. The         Company also has two late-stage products: Fibrostat(R), licensed to Biovail Corporation, and         Colopath(R)/ColorectAlert(TM), licensed to IMI International Medical Innovations Inc. Procyon shares are listed         on the Toronto Stock Exchange (TSX) under the ticker symbol PBP. (www.procyonbiopharma.com)
                      This release contains forward-looking statements that reflect the                     company's current expectation regarding future events. The forward-                     looking statements involve risks and uncertainties. Actual events could                     differ materially from those projected herein and depend on a number of                     factors including, but not limited to, changing market conditions,                     successful and timely completion of clinical studies, uncertainties                     related to the regulatory approval process, establishment of corporate                     alliances and other risks detailed from time to time in the company's                     filings.                     %SEDAR: 00010254EF |