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To: musicguy who wrote (26006)6/17/1998 11:39:00 AM
From: Lupus  Respond to of 34592
 
Hyal & Shire Announce Phase III Results of HyClinda(TM)
MISSISSAUGA, Ont., June 17 /CNW-PRN/ - Hyal Pharmaceutical Corporation (NASDAQ/NNM:HYALF - news; TSE:HPC - news) and their development partner, Shire Pharmaceuticals Group plc, announced today the results of Shire's Phase III clinical study on the first of its HyAcne development projects: HyClinda(TM).

HyClinda is an improved formulation of clindamycin (an established antibiotic agent widely used for the topical treatment of acne), utilizing Hyal Pharmaceutical Corporation's Hyaluronan Induced Targeting (HIT(TM)) Technology. HIT is a drug delivery technology based on hyaluronic acid, which is designed to maintain efficacy whilst improving tolerability and patient acceptability.

HyClinda, in two strengths, was compared with Dalacin T(R) (clindamycin lotion 1%, Pharmacia and Upjohn) and a placebo formulation of HIT without the active clindamycin. A total of 375 subjects were included in the study, which was a double blind, parallel group study of 12 weeks duration.

All three active treatments were statistically significantly more effective than placebo at 12 weeks (p less than 0.001), at reducing the numbers of inflamed and non-inflamed lesions. There were no statistically significant differences in efficacy between the three active treatments. The three HIT based formulations were well tolerated, and showed improvements in cosmetic acceptability producing less evidence of stinging and skin greasiness.

HyClinda has been developed for outlicense to a specialist dermatology company for worldwide marketing. Discussions are already underway with a number of interested parties.

Commenting today, Rolf Stahel, Chief Executive of Shire said: ''We are pleased with these results which demonstrate proof-of-principle of the HIT delivery system.'' Dr. Zenas B. Noon, Jr., Chief Executive of Hyal, concurred with Mr. Stahel and added that ''together with Solarase(TM), Hyal's product for the treatment of actinic keratosis, the results with HyClinda further validate the utility of the HIT delivery system.'''

Hyal Pharmaceutical Corporation is a drug delivery development company engaged in research and development utilizing its proprietary Hyaluronan Induced Targeting (HIT(TM)) Technology and Hyaluronan Improved Liposome Technology (HILT(TM)). The Company's strategy is to commercialize its developments by outlicensing on a global basis.

This news release may contain forward-looking statements relating to the future performance of Hyal. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate securities commissions.

SOURCE: Hyal Pharmaceutical Corporation

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To: musicguy who wrote (26006)6/17/1998 11:44:00 AM
From: Frederick Langford  Respond to of 34592
 
I averaged down a bit MG. Seems as if we've gotten the attention of the MM's. Holding for more news and the real world buying that Big Dog mentioned. If the coming news is as big as we hope, the deep pockets should be coming in, it should be clear sailing from there.
Fred