Bridging funds to move candidate therapeutic vaccine up to phase I / II clinical trials for treatment of patients suffering from high-grade lesions provoked by Human Papillomavirus.Toulouse, France — Monday, May 28th 2007.BT PHARMA is pleased to announce that it has successfully closed on €1.3 million in new investment from current shareholders and a new private investor. This bridging round will enable the Company to move its candidate therapeutic vaccine through preclinical development and up to phase I/II clinical trials for the treatment of high-grade neoplasia provoked by the Human Papillomavirus (HPV).
Dr. Benedikt Timmerman, Chief Executive comments: "This investment allows BT PHARMA to take lead candidate ProCervix® through the entire preclinical phase and up to the next key milestone: placebo-controlled clinical trials in women bearing CIN II / CIN III lesions. We have spared no effort to render GMP production and protein purification processes of our bivalent product robust and to pharmaceutical grade. Our placebo-controlled trial is planned for the 1st trimester of 2008. The awareness of the medical need to treat infection, neoplasia and cancer provoked by Human Papillomavirus by other means than surgery has come to age. It coincides well with our clinical timelines and may allow BT PHARMA to be one of few key players in this exciting new market."
ProCervix® exploits the unique characteristics of the Adenylate Cyclase vector (CyaA) that targets tumour cell-specific antigens to antigen-presenting cells in patients in vivo and induces strong and specific cellular immune responses. This bivalent therapeutic vaccine targets cervical neoplasia and cancer provoked by HPV16 and HPV18. ProCervix® aims to replace ablative surgery or conisation in millions of women already infected by HPV and at risk for invasive cervical cancer. The CyaA technology was exclusively licensed from the Institut Pasteur, with whom BT PHARMA has a strategic alliance. The CyaA technology, which has unique immune cell-targeting features, has since been industrialized and the patent estate broadened by newly filed proprietary patents, which cover pipeline products such as ProCervix®.
About BT PHARMA S.A.
BT PHARMA is a privately held biopharmaceutical company incorporated in October 2001 and spun out of the Institut Pasteur in October 2002. The company headquarters and laboratories are currently based in Labège (Toulouse) France. The company strives to improve the well-being of people through the development of therapeutic vaccines for infection, dysplasia and cancer provoked by the Human Papillomavirus (HPV).
Source: BT Pharma
