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Biotech / Medical : DYAX: Dyax Corp.
DYAX 38.410.0%Jan 25 4:00 PM EST

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From: nigel bates11/21/2006 12:13:02 PM
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Dyax Announces Final Patient Treated in Pivotal Phase III Clinical Trial (EDEMA3) for DX-88 in Hereditary Angioedema
Tuesday November 21, 7:30 am ET
- FDA Broadens Fast Track Designation for DX-88 in HAE -

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Dyax Corp. (Nasdaq:DYAX - News) announced today that it has completed the double-blind portion of its pivotal Phase III clinical trial, known as EDEMA3, for its lead product candidate DX-88 (ecallantide) for the treatment of hereditary angioedema (HAE). In addition, the U.S. Food and Drug Administration has also broadened the Fast Track designation for DX-88 for the treatment of all types of acute HAE attacks, a rare and life-threatening inflammatory condition for which there is no approved therapy in the United States. The Fast Track program is designed to facilitate the development and expedite regulatory review of investigational drugs that are intended to treat serious or life-threatening conditions and that demonstrate the potential to address unmet medical needs.

The 72-patient, placebo-controlled, multi-center EDEMA3 trial was conducted to determine the efficacy of the 30 mg subcutaneous (SC) dose of DX-88 for patients suffering from moderate to severe acute HAE attacks. The trial is comprised of two phases: a double-blind, placebo-controlled phase and a repeat dosing phase. In the first phase, which is now completed, HAE patients received either a single 30 mg SC dose of DX-88 or placebo. The second phase of the study, which continues to treat patients, allows for open-label SC DX-88 to be administered for acute attacks. The final results of the double-blind phase of the EDEMA3 trial will be made public after the data have been collected, verified, clinical database locked and analyzed.

"The treatment of the final patient in this pivotal Phase III trial and the broadening of the Fast Track designation mark a significant milestone for the DX-88 HAE program," said Henry E. Blair, Chairman and Chief Executive Officer of Dyax. "We have collected an extensive amount of clinical information to date with approximately 600 doses of DX-88 administered to approximately 250 individuals. Furthermore, DX-88 has continued to demonstrate a good safety profile and has been well tolerated on single and multiple dosing. The rapid completion of this trial, which was the largest placebo-controlled trial conducted for this indication, demonstrates that we have significant support from HAE patients and physicians. We, and our partner Genzyme, remain committed to delivering this treatment to the HAE patient community."

About Dyax

Dyax is focused on advancing novel biotherapeutics for unmet medical needs, with an emphasis on oncology and inflammatory indications. Dyax utilizes its proprietary drug discovery technology to identify antibody, small protein and peptide compounds for clinical development.

Dyax's lead product candidate is DX-88, a recombinant small protein that is currently in clinical trials for its therapeutic potential in two separate indications. In its joint venture with Genzyme Corporation, Dyax has successfully completed three Phase II trials and a pivotal Phase III trial of DX-88 for the treatment of hereditary angioedema (HAE). A confirmatory study, known as EDEMA4, is planned and expected to begin in the first quarter of 2007. DX-88 has orphan drug designation in the U.S. and E.U., as well as Fast Track designation in the U.S. for the treatment of acute attacks of HAE.

Independently, Dyax has successfully completed a Phase I/II trial of DX-88 for the prevention of blood loss during on-pump CABG procedures. Dyax is currently planning a Phase IIb trial for further development of DX-88 in on-pump cardiothoracic surgery (CTS), including CABG and valve procedures.

Dyax identified DX-88 and other compounds in its pipeline using its patented phage display technology, which rapidly selects compounds that bind with high affinity and specificity to therapeutic targets. Dyax leverages this technology broadly with over 70 revenue generating licenses and collaborations for therapeutic discovery, as well as in non-core areas such as affinity separations, diagnostic imaging, and research reagents.

Dyax is headquartered in Cambridge, Massachusetts, and has antibody discovery facilities in Liege, Belgium. For online information about Dyax Corp., please visit www.dyax.com.
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