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Biotech / Medical : Corixa [CRXA] - cancer vaccines

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To: mopgcw who wrote (135)2/28/2002 7:13:53 PM
From: SemiBull  Read Replies (1) of 222
 
Oncologic Drugs Advisory Committee Endorses Corixa's Phase III Trial Design for Melacine Melanoma Vaccine

SEATTLE--(BW HealthWire)--Feb. 28, 2002--Corixa Corporation (Nasdaq:CRXA - news), a developer of immunotherapeutics, today announced the Oncologic Drugs Advisory Committee (ODAC) has endorsed Corixa's proposed design for a second Phase III clinical trial for its melanoma vaccine, Melacine®, following the company's presentation to the panel on February 27, 2002 in Bethesda, Maryland.

Corixa proposed a trial design that would evaluate Melacine vaccine vs. observation in HLA A2 and/or HLA C3 positive, Stage II melanoma patients following surgery.

Corixa presented results from the Southwest Oncology Group trial (SWOG-9035) that demonstrated Melacine vaccine was effective in prolonging relapse-free survival (p=0.005) and overall survival (p=0.003) compared to observation in patients who expressed HLA A2 and/or HLA C3. The panel agreed that the proposed second Phase III trial, with overall survival as the primary endpoint, in addition to the supportive data from the first Phase III trial (SWOG-9035), would be acceptable for approval of Melacine vaccine.

``We are encouraged by ODAC's support of the data we presented and our current plans for a second Melacine Phase III trial,'' said Steven Gillis, Ph.D., chairman and chief executive officer of Corixa. ``We will work diligently with the FDA and national cooperative study groups to finalize this protocol and will continue to provide periodic updates as events warrant.''

About Corixa

Corixa is a developer of immunotherapeutics with a commitment to treating and preventing autoimmune diseases, cancer and infectious diseases by understanding and directing the immune system. Corixa is focused on immunotherapeutic products and has a broad technology platform enabling both fully integrated vaccine design and the use of its separate, proprietary product components on a standalone basis. Corixa currently has 16 programs in clinical development and 22 programs in preclinical development, including its most advanced product candidate, Bexxar(TM), for the treatment of non-Hodgkin's lymphoma.

The company partners with numerous developers and marketers of pharmaceuticals, targeting products that are Powered by Corixa(TM) technology with the goal of making its potential products available to patients around the world. Corixa was founded in 1994 and is headquartered in Seattle, Washington, with additional operations in Hamilton, Montana and South San Francisco, California. For more information, please visit Corixa's Web site at www.corixa.com or call the company's investor relations information line at 877/4CORIXA or 877/426-7492.

Forward-Looking Statements

Except for the historical information presented, certain matters discussed in this press release are forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made. They are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Factors that could affect Corixa's actual results include, but are not limited to, a decision by Corixa not to proceed with the planned Phase III trial, FDA's failure to approve Melacine for commercial sale even if Corixa obtains positive data from the planned Phase III trial, and the ``Factors Affecting Our Operating Results, Our Business and Our Stock Price,'' described in Corixa's Quarterly Report on Form 10-Q for the quarter ended September 30, 2001, copies of which are available from Corixa's investor relations department. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release.

--------------------------------------------------------------------------------
Contact:

Corixa Corporation
Investor Relations:
Jim DeNike, 206/754-5716
denike@corixa.com
or
Press Relations:
FitzGerald Communications Inc.
Jen Reinhard, 415/986-9500
jreinhard@fitzcomm.com
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