Subject: ALLIANCE'S CLINICAL DEVELOPMENT PLAN FOR Oxygent Date: Wed, 27 May 1998 17:12:33 -0700 From: Gwen Rosenberg <owner-owner@allp.com> Reply-To: Gwen Rosenberg <GHR@allp.com>
Dear Alliance NetFriend:
ALLIANCE PHARMACEUTICAL CORP.'S CLINICAL DEVELOPMENT PLAN FOR Oxygent
On May 14th, Alliance announced that our agreement with Johnson & Johnson had been restructured so that Alliance regained control of the clinical development program for Oxygent (perflubron emulsion), with Johnson & Johnson retaining an exclusive "first offer" for future marketing rights. Oxygent is an intravascular oxygen carrier ("blood substitute") designed to temporarily augment oxygen delivery in patients at risk of acute tissue oxygen deficit due to either transient anemia, blood loss, or ischemia (inadequate oxygenation resulting from blood flow abnormalities). Oxygent is compatible with all blood types, has a shelf-life of approximately two years, is sterilized, and is produced in Alliance's commercial-scale manufacturing facility using a well-defined, efficient, proprietary process. The following is a summary of the clinical development status for Oxygent, including the safety profile and drug activity demonstrated in several Phase I and Phase II studies involving approximately 540 subjects, 340 of whom received Oxygent.
CLINICAL SAFETY STUDIES PERFORMED TO DATE Alliance completed two extensive Phase I clinical (human) safety studies with the current formulation of Oxygent in 1995. These studies demonstrated clearly that Oxygent is safe at clinically relevant doses. As expected, Oxygent had no adverse effects on hemostasis; platelet function, bleeding times, and coagulation parameters were all normal. There was no suppression of immune function; no evidence of any complement activation or immunogenic reactions; and no abnormal changes in liver, pulmonary, or kidney function. In addition, there were no clinically meaningful effects on blood chemistry, and no evidence of the systemic hemodynamic effects or vasoconstriction that have been reported for various hemoglobin-based oxygen carriers. Finally, data from these safety studies were submitted to the FDA prior to initiating Phase II studies, and were first made public at the IBC Fifth Annual Conference on Blood Substitutes in October 1995.
CLINICAL EFFICACY STUDIES PERFORMED TO DATE Two large, multicenter, randomized, controlled, single-blind studies have been conducted by Alliance and Johnson & Johnson to determine the -drug activity- of Oxygent (the ability of Oxygent to transport oxygen and deliver it to the tissues) in well-monitored surgical patients. These trials, completed in 1997, enrolled a total of 246 general surgery patients (147 orthopedic patients in the European study, and 109 urological and gynecological patients in the U.S. study). The principal objective was to evaluate the efficacy of Oxygent as a temporary oxygen carrier compared to a unit of autologous blood (the patient's own blood, collected just prior to the onset of surgery) by assessing reversal of -transfusion triggers.- Transfusion triggers are physiological indicators commonly used by physicians to determine the need for a blood transfusion. The transfusion triggers employed in these studies included increases in either heart rate (tachycardia) or cardiac output, decreases in either mean arterial pressure (hypotension) or mixed venous PO2 (an index of systemic oxygenation status), ECG changes indicative of myocardial ischemia, and a minimum hemoglobin level. With respect to efficacy, the primary endpoints were achieved in both studies with statistical significance. Oxygent was found to be more effective than a unit of fresh autologous blood at reversing transfusion triggers and at delaying the need for a subsequent blood transfusion. In the U.S. study, 69% of the triggers were reversed with Oxygent, versus only 37% with blood (p < 0.01); in the European study, Oxygent reversed 97% of the triggers, compared to 60% for the blood-transfused controls (p < 0.01). (The values for the two studies were different mainly because the studies involved different types of surgical procedures.) The duration of the Oxygent effect (time to the next transfusion) was approximately 50% longer than blood in both studies. Oxygent is the only "blood substitute" that has been shown to improve indicators of systemic oxygenation using invasive monitoring in patients. With respect to safety, the product was well-tolerated by the patients, and there were no clinically significant effects on hemodynamic parameters, hematology, or blood chemistry. These results, presented recently at major U.S. and European Anesthesiology Society meetings, are now being prepared for full publication. Alliance and Johnson & Johnson also conducted three Phase IIa studies with cardiopulmonary bypass patients. These preliminary studies were designed to assess the use of Oxygent during bypass procedures regarding reversal of transfusion triggers, avoidance of allogeneic blood, pharmacokinetics, and long-term neurobehavorial outcome. As reported at a recent meeting of the American Society of Cardiovascular Anesthesiologists, data from 35 patients demonstrated that Oxygent provided a significant overall effect of increased cerebral blood flow during bypass, which resulted in increased oxygen delivery to the brain. It was hypothesized by the study investigators that Oxygent may have a local vasodilatory effect on cerebral vasculature (may enhance perfusion of the brain). Additional results from these studies will be presented at future scientific meetings.
DECISION TO PROCEED TO PHASE III There are numerous potential clinical applications for a temporary oxygen carrier such as Oxygent, including use during surgery to reduce the patient's exposure to allogeneic blood (a -transfusion avoidance- indication), use during bypass surgery to prevent myocardial ischemia or as a neuroprotectant (to reduce the incidence of neurological dysfunction associated with the procedure), use as a therapeutic agent for stroke patients, and use during chemotherapy or radiation therapy to oxygenate tumors and thereby enhance the effectiveness of these treatments. Based upon extensive preclinical studies and the recent Phase II clinical experience, Alliance believes that transfusion avoidance during surgery is the most appropriate initial clinical application for Oxygent. While Alliance appreciates the merit of exploring a variety of applications for the product in the future, we are firm in our commitment to start a Phase III trial without undue delay. The use of Oxygent during surgeries would address a significant medical need - there are approximately 3.5 million surgical procedures performed annually in the U.S., and more than seven million worldwide, wherein one to four units of allogeneic blood are anticipated to be transfused into the patient.
INITIAL PHASE III TRIAL WITH Oxygent Alliance's planned Phase III transfusion avoidance trial will incorporate -acute normovolemic hemodilution- (ANH), the blood conservation technique that was used in the Phase II studies. ANH involves removing a portion of the patient's blood immediately before surgery and replacing the extracted volume with a plasma expander. The remaining blood is therefore diluted, so that fewer red blood cells are lost during surgical bleeding. The removed blood is reinfused as needed throughout the surgery. Although ANH has been recommended for many years as a simple method to lessen the need for allogeneic blood, the effectiveness of this technique is limited unless aggressive hemodilution (collection of three or more units) is performed. Many physicians are reluctant to conduct aggressive hemodilution due to concerns that the rapid removal of several units of blood would reduce the amount of oxygen available to the tissues, potentially compromising the safety of the patient. Alliance believes that our patented method for Augmented ANH (A-ANH), which combines ANH with the use of oxygen-carrying drugs such as Oxygent, will permit these levels of hemodilution to occur safely. A-ANH would thereby increase the utility of the hemodilution procedure as an effective means to reduce, and potentially avoid, allogeneic blood transfusion in many surgical patients.
THE USE OF Oxygent FOR "SAFER, MORE WIDELY AVAILABLE, MORE COST-EFFECTIVE" AUTOLOGOUS BLOOD CONSERVATION Alliance believes that the safest blood for patients is typically their own blood. Autologous blood conservation strategies have been gaining in popularity as patients and physicians attempt to avoid the use of allogeneic blood. Approximately ten states, including California, have passed laws in recent years mandating that patients be informed about autologous blood methods prior to their surgeries. Concerns about the risks of allogeneic blood have led to the use of pre-operative autologous donation and/or autologous blood salvage techniques in approximately one million surgeries performed in the U.S. each year, despite the limitations of these methods. Pre-operative autologous donation (PAD) requires that patients predonate a few units of their own blood during the four to six weeks prior to surgery. While PAD is accepted as a standard-of-care for some surgeries, the amount of blood that can be predonated is often inadequate to avoid allogeneic transfusions, it is not applicable for use in urgent surgical situations, it does not eliminate the risk of clerical error (labeling mistakes, transfusing the wrong unit to the wrong patient, etc.), it does not eliminate the potential for bacterial contamination, and, like allogeneic blood, its oxygen delivery efficiency decreases significantly during storage. Autologous blood salvage, the recovery of blood lost during surgery by means of a cell salvage device, is generally not cost-effective unless at least three units of red blood cells can be collected and re-transfused. The technique provides salvage of red cells, but not platelets, white cells, or clotting factors, all of which are preserved with the A-ANH technique. Alliance's new A-ANH technology could potentially represent a safer, more widely available, and more cost-effective autologous blood conservation strategy than PAD and autologous blood salvage. If our Phase III trial validates the safety and drug activity demonstrated in previous studies, A-ANH with Oxygent could become an easily performed, broadly utilized technique that allows conservation of the patient's fresh, whole blood while maintaining adequate tissue oxygenation during the surgical procedure. It is in the patient's best interest to use as many blood preservation strategies as possible, and Alliance believes that A-ANH could provide an important new strategy to limit the patient's exposure to allogeneic blood. If widely utilized, it could have an additional societal benefit of alleviating the allogeneic blood shortages that have become commonplace in the U.S. and other areas of the world.
ALLIANCE'S PLANS FOR PHASE III STUDIES WITH Oxygent Alliance intends to pursue a Phase III surgical study incorporating A-ANH in the immediate future. The protocol for this study is being finalized and is expected to be submitted to the FDA within the next 60 days. We anticipate that a formal End-of-Phase II meeting will be held with the FDA shortly thereafter, and, assuming agreement is reached on the protocol design, a pivotal clinical study could start this fall. In addition to the surgical indication, Alliance plans to continue to investigate the use of Oxygent as a therapeutic drug to prevent or reduce neurological damage during cardiopulmonary bypass procedures. Other potential applications for Oxygent are also being explored.
We will continue to keep you informed about Alliance's progress with Oxygent and our other products. If you have any questions, please contact me via telephone at (619) 558-4375, or via fax at (619) 678-4133. If you would like to receive Alliance updates through the Internet, please send your name and e-mail address to corpcom@allp.com and indicate if you prefer electronic updates in place of, or in addition to, the hard copy versions.
Sincerely,
Gwen Rosenberg Vice President, Corporate Communications
Except for historical information, the matters set forth in this letter are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth herein, including the uncertainties associated with the conduct of preclinical or clinical studies and the timing or ability to investigate scientific data. Alliance refers you to cautionary information contained in documents the Company files with the Securities and Exchange Commission from time to time, including the last Form 10-K and Form 10-Q, and those risk factors set forth in the recent registration statement on Form S-3 (Registration Number 333-15905). |