GHENT, Belgium, 28 March 2011 - Ablynx [Euronext Brussels: ABLX] announced today that it had  initiated a double-blind, randomised, placebo-controlled Phase I/II study with ALX-0061, a Nanobody  targeting the interleukin 6 receptor (IL-6R), in patients with rheumatoid arthritis (RA).    IL-6 and its receptor IL-6R are involved in the pathogenesis of various inflammatory and auto-immune  diseases, including RA. ALX-0061 selectively and potently binds to the IL-6R, and has demonstrated a  favourable pharmacodynamic (PD), pharmacokinetic (PK) and safety profile in pre-clinical studies.     ALX-0061 incorporates albumin targeting as a means of half-life extension and this is believed to  improve the delivery of the Nanobody to the inflamed tissue. ALX-0061 may have the potential to  provide a valuable alternative treatment option for patients with RA and other inflammatory diseases.     The Phase I/II study will investigate the safety, PK, PD and efficacy of single and multiple intravenous  administrations of ALX-0061. Ablynx will recruit up to 72 patients with RA in up to ten centres in Europe.     Dr Edwin Moses, CEO and Chairman at Ablynx, commented: “We are delighted to advance ALX-0061  directly into patients with RA, which may lead to a clinical proof-of-concept by 2012. The trial being  initiated today brings the total number of Nanobodies in clinical trials to six.”      About ALX-0061 (IL-6R)  ALX-0061 is a Nanobody binding to the interleukin-6 receptor (IL-6R). It has the potential to differentiate  through its high potency, high stability and low molecule weight of only 26kD which should translate  into superior tissue penetration, attractive PK/PD and superior safety and efficacy profile compared with  a benchmark monoclonal antibody. The Nanobody is half-life extended with a Nanobody targeting  albumin, which is believed to improve the delivery of the Nanobody to the inflamed tissue. An IMPD was  filed with ALX-0061 in December 2010.    The involvement of the IL-6 pathway in a variety of diseases indicates that multiple indications can be  pursued with large market potential including rheumatoid arthritis (RA), Crohn’s disease, Castleman’s  disease, multiple myeloma and systemic lupus erythematosus (SLE). Although there are biologics on  the market for treatment of RA, there is a clear unmet medical need for novel RA treatments as many  patients are not sufficiently helped with the current disease-modifying therapies such as TNF-a  therapies and methotrexate. |