Lorus selects NC 381 for clinical development Lorus Therapeutics Inc LOR Shares issued 78,751,668 May 17 close $2.49 Thu 18 May 2000 News Release Ms. Mimi Choi reports Lorus Therapeutics, through its 80-per-cent-owned subsidiary, NuChem Pharmaceuticals Inc., has chosen NC 381 as its lead anticancer drug for further studies in preparation for clinical trials. From a library of several hundred compounds investigated at the Harvard Medical School and in-licensed to Lorus through its subsidiary, three potential lead anticancer compounds were chosen for further detailed investigations to determine the most effective anticancer compound in preclinical studies including animal tumour models. In studies with more than 300 mice containing different tumours, NC 381 treatment was found to significantly reduce the growth of a variety of cancers, including tumours derived from human large cell lung carcinoma, human pancreatic carcinoma, human kidney carcinoma and mouse fibrosarcoma. NC 381 also significantly inhibited the metastasis of malignant melanoma cells (that is the spread of tumour cells to other organs in the body). "Death from cancer is usually due to the spread (metastasis) of cancer cells from the primary or original site to other organs in the body, so it is vital that we develop new drugs that have antimetastatic properties like those found with NC 381," said Philippe G. Lacaille, chairman and chief executive officer of Lorus Therapeutics Inc. "The finding that NC 381 can be taken orally, for example, in pill form, is significant because it means the drug can enter the body in a less invasive way than most chemotherapeutic drugs and potentially improve the quality of life for patients." Preliminary toxicology studies have shown a very good safety profile for NC 381. Formal preclinical toxicology studies will begin in June, 2000, and it is anticipated that an investigational new drug (IND) application will be submitted for clinical trial approval by early next year. NC 381 was originally designed as an analog or chemical variation of a well-known antifungal agent, clotrimazole. In past studies, the drug revealed an unique dual mode of antitumour action, stopping cancer cells from dividing (antiproliferative) as well as preventing the formation of blood vessels (antiangiogenic) required for tumour development. WARNING: The company relies on litigation protection for "forward-looking" statements. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com |