| Paris and London, 22 May 2003. The "Beaufour Ipsen" pharmaceutical group, renamed "Ipsen", has acquired worldwide rights to develop a new and novel antitumour agent SJG-136, from Spirogen, a London-based biotechnology company. The agreement also provides Ipsen with exclusive access to three, selected gene targets as a platform for the synthesis and development of further anti-cancer drug candidates and a 20 percent equity stake in Spirogen. |    |
SJG-136 spans six base pairs of DNA and has significant activity in a number of human tumour xenograft (animal) models including brain melanoma, breast, ovarian and colon tumours. The agent is currently in pre-clinical development with Cancer Research, UK and the National Cancer Institute in the United States of America (USA). Phase I clinical trials are planned for the third quarter of 2003 in the United Kingdom and the fourth quarter in the United States of America (USA).
Commenting on the agreement, Dr Alistair Stokes, Ipsen’s Executive Vice President, Corporate Development said: "We believe that SJG-136 has the potential to be an important addition to the anti-cancer therapeutic armoury. This agreement, after the one concluded with Roche last December, reflects the Group’s policy of seeking alliances that will help us gain access to new products and technologies in our core therapeutic areas".
Dr Chris Martin, CEO of Spirogen said: "The development of chemotherapeutics which target specific genes represents the cutting edge of molecular research. We are delighted to be working with Ipsen to develop such compounds for the oncology market. This agreement is in line with Spirogen’s strategy of developing drug candidates and its gene targeting technology in partnership with pharmaceutical companies while taking forward its own anti-cancer DNA sequence binding agents".
Notes to editor
Ipsen
Present in over 110 countries with a total staff of nearly 3700, the Ipsen Group had a turnover of €718 million in 2002, 27.1% outside Western Europe.
The Group is focused on developing innovative products in targeted disease areas: oncology, endocrinology, neurology and hematology. Ipsen currently has over 20 products on the market, including those marketed to specialists in disease areas that represent the main source of Ipsen’s future growth, as well as predominantly natural-based products that represent the historical base of the Group’s business in other disease areas. In 2002, 18.2% of Ipsen’s turnover was reinvested in Research and Development, carried out from 4 centers Paris, Boston, Barcelona and London by an international network of about 550 scientists.
The Group’s website is www.ipsen.com
Spirogen
Spirogen is a privately owned UK company, founded in 2001 by Professor David Thurston and Dr Phillip Howard (now at the School of Pharmacy, University of London), Professor John Hartley (University College London) and Dr Chris Martin. The company is pioneering the discovery and development of a unique class of low molecular weight sequence-specific DNA-interactive drugs designed to treat gene-mediated diseases.
Spirogen’s proprietary combinatorial chemistry-based platform technology forms the basis of a research effort that began over a decade ago to develop novel therapeutics with potential application in a number of markets. Spirogen’s initial investors were: Cambridge Research Bioventures (lead investor), Xenva Ltd, CRIL and Bloomsbury Bioseed Fund.
Spirogen's website is www.spirogen.com
Source: Ipsen
