To: Jim Oravetz who wrote (46 ) 5/26/2000 10:53:00 AM From: michael Respond to of 139
If you are discouraged about phase III trials, it looks like sybb looks very very good. It said the product is working and this was given as an emergency. heres the news article SYNSORB Biotech Inc. Provides Emergency Supply of SYNSORB Pk To Hospitals In Walkerton Region For E. coli Outbreak CALGARY, Alberta, May 25, 2000 (BUSINESS WIRE) -- SYNSORB Biotech Inc. (Nasdaq:SYBB)(TSE:SYB.)("SYNSORB") today announced that it has received approval from Canadian Health Authorities to ship emergency supplies of SYNSORB Pk(R) to hospitals in the Walkerton, Ontario region in response to the serious E. coli outbreak in the area. There is no currently available therapy for patients suffering from E. coli infections. "SYNSORB is anxious to provide as much assistance to the people of Walkerton as we are able, through this compassionate use release of SYNSORB Pk(R)," said Dr. David Cox, President and CEO of SYNSORB. "It is our hope that SYNSORB's support will bring some resolution to the suffering of patients from this horrible disease, for which there is no satisfactory treatment currently available." SYNSORB Pk(R) is a drug designed to prevent serious complications associated with verotoxigenic E. coli (VTEC) infections (including E. coli O157:H7). Approximately 10% of patients who become infected with E. coli will go on to develop Hemolytic Uremic Syndrome (HUS), a severe and sometimes fatal kidney disease. Children and the elderly are most likely at risk of developing HUS, which can lead to a lifetime of dialysis and other serious complications. Approximately 5% of patients die from HUS. SYNSORB Pk(R) has been granted Fast Track Product designation by the US FDA, which is only given to those products that are designed to treat serious, life-threatening conditions for which there is no satisfactory treatment. VTEC is recognized as the fastest growing foodborne infectious disease in the world and is estimated to cause approximately 110,000 infections each year in the US. Sources of the infection include contaminated meat, fruit and vegetables, unpasteurized juice and milk, contaminated ground water, contaminated swimming pool water, and direct contact with infected people or animals. The disease is a leading cause of both acute and chronic renal insufficiency in children. SYNSORB is a Canadian-based pharmaceutical company dedicated to drug development and manufacturing. The Company's two late-stage products have been granted "Fast Track" designation by the FDA and are both based on SYNSORB's proprietary carbohydrate chemistry platform technology. SYNSORB Pk(R) is designed to prevent the progression to Hemolytic Uremic Syndrome (HUS) in children who have contracted verotoxigenic E. coli (VTEC) infections, including E. coli O157:H7. SYNSORB Cd(R) is a potential treatment for recurrent C. difficile antibiotic associated diarrhea (CDAD), a common hospital acquired infection. SYNSORB has built a cGMP-compliant manufacturing facility that has the capacity to meet or exceed the expected global demand for the Company's products. A pipeline of future products is accessible through SYNSORB's carbohybrid program. Shares of SYNSORB Biotech Inc. trade on the Toronto Stock Exchange in Canada (symbol "SYB") and on NASDAQ in the United States (ticker "SYBB"). This release contains certain forward-looking statements which involve known and unknown risks, delays, uncertainties and other factors not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include results of current or pending clinical trials, actions by the FDA/HPB and those factors detailed in the Company's registration statement on Form 20 F filed with the Securities and Exchange Commission. CONTACT: SYNSORB Biotech Inc. Cindy Gray, 403/270-1315 Fax: 403/283-5907 E-mail: Cgray@synsorb.com Website: www.synsorb.com or The Equicom Group Jason Hogan, 416/815-0700 ext 222 Fax: 416/815-0080 E-mail: Jhogan@equicomgroup.com URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2000 Business Wire. All rights reserved. Distributed via COMTEX. KEYWORD: INTERNATIONAL CANADA INDUSTRY KEYWORD: PHARMACEUTICAL MEDICAL