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Biotech / Medical : Vion (formerly Oncorx) interesting play on Gene Therapy

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To: T L Comiskey who wrote (182)3/2/2000 12:52:00 PM
From: T L Comiskey  Read Replies (1) of 370
 
Thursday March 2, 11:46 am Eastern Time

Company Press Release

SOURCE: Vion Pharmaceuticals, Inc.

Vion Announces Completion of Phase I Single Dose Study of Anticancer
Therapy Triapine(R) and Achievement of Clinical Objectives

- Vion to Advance Additional Phase I Schedules in Preparation for Phase II Studies and Combinations with other
Anticancer Agents -

NEW HAVEN, Conn., March 2 /PRNewswire/ -- Vion Pharmaceuticals, Inc. (Nasdaq: VION - news) today announced it has completed a Phase I single dose study of
Triapine©, a potent ribonucleotide reductase inhibitor that blocks a critical step in the synthesis of DNA, thereby preventing the replication of tumor cells. The Phase I study
was designed to assess Triapine's safety profile and pharmacokinetics when administered intravenously as a two-hour infusion every four weeks. Patients were treated on
nine dose levels of Triapine and tolerated the treatment well. Furthermore, at the highest dose level, there were no clinically significant toxicities, and peak serum levels of
Triapine exceeded the concentrations required to show activity against tumor cells, as demonstrated in preclinical studies. The trial was conducted at the University of Miami
and the Arizona Cancer Research Center.

The favorable safety profile and pharmacokinetics support the continued evaluation of Triapine in schedules optimized for antitumor activity. Preclinical studies have shown
that Triapine has the greatest effect on tumors when administered consecutively for several days. Vion is continuing to enroll patients into a second Phase I trial of Triapine
administered daily for five days every four weeks and will initiate a Phase I study of 96-hour continuous intravenous infusion in the near future. Subsequent Phase I trials are
planned based on preclinical data, generated by the company and its collaborators at Yale University, which showed promising antitumor activity when Triapine was
combined with three well-known and highly potent DNA-damaging anticancer agents, etoposide, cisplatinum and cyclophosphamide.

Mario Sznol, M.D., vice president of clinical affairs of Vion Pharmaceuticals, stated, ``The extensive preclinical studies conducted by Vion and Yale University to date,
combined with these initial clinical results support our strong belief that Triapine has substantial potential to benefit cancer patients. Both the ongoing and planned Phase I
studies will allow us to evaluate dose regimens and combinations we believe may be most effective in treating solid tumors and hematologic malignancies.'

There are many enzymes involved in DNA synthesis, and those that arrest tumor growth are difficult to selectively manipulate. The reductive conversion of ribonucleotide to
deoxyribonucleotides by ribonucleotide reductase is a particularly critical step in the synthesis of DNA, since deoxyribonucleotides are present in extremely low levels in
mammalian cells. The development of Triapine is based on the concept that a strong inhibitor of ribonucleotide reductase, which is essential for cellular replication, would
be a useful weapon in the therapeutic arsenal against cancer.

Vion is developing Triapine©, a Ribonucleotide Reductase Inhibitor (RRI), as a potential treatment for solid tumors and acute myelogenous leukemia. In preclinical studies,
Triapine exhibited significant in vitro and in vivo activity against human ovarian cancer grafted onto mice and in mouse tumors for leukemia and lung cancer. Testing its
efficacy on L1210 leukemia in an in vivo murine model, Triapine, administered at low doses, cured 40% of the mice and extended their lives by an average of 2.46 times. On
M109 lung carcinoma in an in vivo murine model, Triapine, compared with Taxol, had nearly comparable results.

Vion Pharmaceuticals, Inc. is a biopharmaceutical company engaged in the research, development and commercialization of cancer treatment technologies. Vion's product
portfolio consists of TAPET©, a drug delivery platform, and three cancer therapeutics (Promycin©, Triapine and Sulfonyl Hydrazine Prodrugs). TAPET has been shown in
preclinical models to effectively deliver anticancer agents while having a minimal toxic effect on healthy normal tissues. TAPET uses genetically altered strains of Salmonella
as a bacterial vector, or vehicle, for delivering cancer fighting drugs preferentially to solid tumors. Promycin, which attacks oxygen depleted cancer cells, is currently being
evaluated with radiation in a multicenter Phase III clinical trial for the treatment of head and neck cancer. Triapine, which is designed to prevent the replication of tumor
cells by blocking a critical step in the synthesis of DNA, is currently being evaluated for its safety in a Phase I clinical trial. Sulfonyl Hydrazine Prodrugs, compounds that are
designed to be converted to unique potent, alkylating agents, are currently being evaluated in preclinical studies. For additional information on Vion and its research and
product development programs, visit the company's Internet web site at vionpharm.com.

Statements included in this press release which are not historical in nature are forward-looking statements made pursuant to the safe-harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward- looking statements regarding the company's future business prospects, plans, objectives, expectations and intentions are
subject to certain risks, uncertainties and other factors that could cause actual results to differ materially from those projected or suggested in the forward-looking
statements, including, but not limited to those contained in the company's Registration Statement filed on Form S-3/A (file no. 333-95671). The shares of Common Stock,
described above, have not been registered under the Securities Act of 1933, as amended, and may not be offered and sold in the United States absent registration under
such Act or an applicable exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy its securities nor shall there
be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any
such state.

CONTACT: Alan Kessman, President and CEO, Thomas E. Klein, VP Finance & CFO, both of Vion Pharmaceuticals, 203-498-4210; Financial Communications: Sue L. Yeoh,
investors, 201-641-2408, or Lisa Bradlow, media, 212-579-7428, both of CPR Financial Communications, LLC, for Vion

SOURCE: Vion Pharmaceuticals, Inc.
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