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Biotech / Medical : Depotech(depo) -- Ignore unavailable to you. Want to Upgrade?


To: Cymeed who wrote (357)12/9/1997 10:07:00 AM
From: scott harrison  Read Replies (3) | Respond to of 887
 
SAN DIEGO--(BW HealthWire)--Dec. 9, 1997--DepoTech Corp. (NASDAQ:DEPO) Tuesday announced that it has begun Phase II clinical studies of DepoMorphine, sustained-release encapsulated morphine sulfate being developed to treat acute post-surgical pain. Based on DepoFoam technology, DepoMorphine is targeted at patients following a broad range of surgeries, including deep abdominal, thoracic, and orthopedic procedures. The Phase II clinical trials are dose-escalation studies that will assess safety, efficacy and pharmacokinetics of DepoMorphine administered epidurally to patients prior to a variety of surgical procedures. A total of 60 to 90 patients will be enrolled in these studies. A recently completed Phase I clinical trial showed that DepoMorphine, when administered in normal volunteers, reached a maximum tolerated dose of 30 mg. Current treatment with un-encapsulated morphine sulfate consists of between 2 and 10 mg of drug over the first 24 hours. Pharmacokinetic data from preclinical studies and the Phase I clinical trial indicate that morphine is present in subjects for a prolonged period following DepoMorphine administration. DepoMorphine can potentially offer two to three days of pain relief using a single dose. "DepoMorphine may offer a new therapeutic alternative in post-operative pain management," said Edward L. Erickson, DepoTech's president and chief executive officer. "Initiation of Phase II trials is an important step towards adding new drugs to DepoTech's product base." The DepoFoam drug delivery system is composed of microscopic, spherical particles that can be used to encapsulate a variety of medically important compounds. A lipid-based formulation, DepoFoam particles are non-toxic and biodegradable and, to date, have been shown to be well-tolerated in patients. When injected into the body, DepoFoam formulations generally provide sustained release of the active drug which should allow for less frequent dosing. DepoTech is a drug delivery company dedicated to the development and manufacture of innovative, sustained-released therapeutic products based on DepoFoam technology. Products are being developed to satisfy medical needs in cancer, infectious diseases, pain management and other fields. The company has filed a New Drug Application with the U.S. Food and Drug Administration for its lead product, DepoCyt, an anti-cancer drug for the treatment of neoplastic meningitis. This news release contains forward-looking statements regarding DepoTech Corp.'s programs. Actual results could differ materially from those described in this news release as a result of a number of factors, including, but not limited to the following: There can be no assurance that any product in the DepoTech product pipeline will be successfully developed or manufactured, or that final results of human clinical trials will be supportive of regulatory approvals required to market products, or that final regulatory approval will be received in a timely manner, if at all, or that patient and physician acceptance of these products will be achieved. The company undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances after the date of this release. DepoTech is a registered trademark of DepoTech Corp. Additional written materials and recent releases regarding DepoTech are available on the World Wide Web at depotech.com . CONTACT: DepoTech Corp., San Diego Edward L. Erickson, 619/625-2424 or StratiPoint Group Mike Jackman, 415/388-3216 KEYWORD: CALIFORNIA INDUSTRY KEYWORD: MEDICINE PRODUCT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1997, Business Wire