SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : Biotech Valuation
CRSP 54.19-4.7%Jan 15 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: scaram(o)uche who wrote (13379)10/7/2004 11:28:04 AM
From: Biomaven  Read Replies (1) of 52153
 
Too bad, as I particularly liked the virtual visits to a loved one's resting place. <g>

But actually, now that I look a bit deeper, one of their products was actually for real - this is the vaginal microbicide that ended up being licensed to Indevus a few years ago and is currently the subject of a large trial in Southern Africa (Indevus paid them $500k in 2003). If it works it could transform the lives of millions.

Press Release Source: Indevus Pharmaceuticals, Inc.

Indevus Announces Selection of PRO 2000 by Microbicide Development Programme as Sole Agent for Full-Scale, International Anti-HIV Trials
Wednesday September 22, 12:51 pm ET

LEXINGTON, Mass.--(BUSINESS WIRE)--Sept. 22, 2004--Indevus Pharmaceuticals, Inc. (Nasdaq: IDEV - News) today announced that the Microbicide Development Programme (MDP) has selected PRO 2000, the Company's microbicide under development to prevent sexual infection by HIV, as the sole agent to be tested in full-scale clinical trials due to start next year in a number of African countries. These trials represent the largest single medical research project that has ever been funded by the United Kingdom's Department for International Development.

In announcing their selection of PRO 2000, the MDP stated that PRO 2000 has been shown in laboratory studies to be substantially more effective in blocking HIV infection than another microbicide known as Emmelle. Rather than include another microbicide in the trial, the MDP will now compare two doses of PRO 2000 (0.5 percent and 2 percent). As stated by the MDP, this range of doses to be tested may provide information about the relationship between dose and protection which could be of significant value for microbicide development. In addition, if the low dose of PRO 2000 is shown to be as effective as higher doses, it may help reduce the cost of manufacture and speed access to an effective product.

"We are excited that the MDP has selected PRO 2000 as the sole product candidate for these critical international trials," said Glenn L. Cooper, M.D., chairman, president and chief executive officer of Indevus. "The majority of new adult HIV infections worldwide are acquired through heterosexual intercourse, and the scope of the AIDS epidemic is expected to increase in both developed areas of the world and areas where resources and medical awareness are more limited. Because a safe and effective topical microbicide would increase the opportunities for sexually active women to be more proactive in the prevention of the sexual transmission of HIV, we see microbicide development as a potentially important new worldwide HIV prevention strategy."

At least 12,000 women will be recruited and supported for nine months or longer in connection with these trials. Trial organizers hope to begin enrollment around April 2005.

The MDP is funded by a grant from the Department for International Development of GBP 16 million, or approximately $28.6 million. The MDP is a partnership set up to develop vaginal microbicides for the prevention of HIV transmission, funded by the U.K. Department for International Development through the U.K. Medical Research Council (MRC) and administered by the MRC Clinical Trials Unit and Imperial College in London.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext