Monogram
Biosciences, Inc. (Nasdaq: MGRM) announced today that its collaborator
Pfizer, Inc. (NYSE: PFE) has separately announced results from phase III
clinical trials of maraviroc. Monogram’s co-receptor tropism assay,
Trofile(TM), was used for patient selection for maraviroc’s clinical
development program, and the two companies are engaged in a collaboration
agreement to make Monogram’s assay available for patient use on a global
basis.
Pfizer presented pivotal data of its experimental medicine, maraviroc,
which tackles HIV in an entirely new way. Pfizer reported that this data
indicated a significant reduction in viral load. A 24 week analysis showed
that approximately twice as many patients receiving maraviroc with an
optimized background regimen achieved undetectable virus in the blood than
if an optimized regimen was given alone. Pfizer also noted that the new
data, presented at the 14th Conference on Retroviruses and Opportunistic
Infections (CROI), supports the previously announced accelerated U.S. and
European regulatory review of maraviroc as a treatment for patients
infected with HIV that is “CCR5 tropic.” In addition, Pfizer reported that
patients receiving maraviroc and an optimized regimen saw an increase in
CD4 cells nearly twice that seen in those receiving optimized regimen
alone. Adverse events in the group receiving maraviroc plus an optimized
regimen were similar to those receiving an optimized regimen alone when
adjusted for duration of exposure.
Maraviroc is designed to work differently from other available HIV
medications. CCR5 antagonists block the virus from gaining access into
healthy cells via the CCR5 co-receptor, a common pathway for viral entry.
Monogram’s Trofile co-receptor tropism assay identifies whether individual
strains of HIV use the CCR5 co-receptor, the CXCR4 co-receptor or both co-
receptors to infect healthy cells. This helps clinicians determine whether
a CCR5 antagonist like maraviroc may be a good therapeutic option for
treating individual patients. Maraviroc is currently under accelerated
review with U.S., Canadian and European regulatory authorities, and if
approved, would be the first new oral class of HIV medicines in more than a
decade.
Maraviroc and other entry inhibitors currently in development come at a
time when increasing drug resistance makes treating HIV more difficult than
ever. Highly sensitive and precise diagnostic tools are playing an ever
more important role in the development of new therapeutic approaches that
give new hope to physicians and patients with few remaining options.
About Monogram Biosciences, Inc.
Monogram is advancing individualized medicine by discovering,
developing and marketing innovative products to guide and improve treatment
of serious infectious diseases and cancer. The Company’s products are
designed to help doctors optimize treatment regimens for their patients
that lead to better outcomes and reduced costs. The Company’s technology is
also being used by numerous biopharmaceutical companies to develop new and
improved antiviral therapeutics and vaccines as well as targeted cancer
therapeutics. More information about the Company and its technology can be
found on its web site at monogrambio.
Forward Looking Statements
Certain statements in this press release are forward-looking. These
forward-looking statements include references to the potential for an HIV
drug that requires a molecular diagnostic for patient selection, expected
protection provided by patents, and activities expected to occur in
connection with the Pfizer collaboration. These forward-looking statements
are subject to risks and uncertainties and other factors, which may cause
actual results to differ materially from the anticipated results or other
expectations expressed in such forward-looking statements. These risks and
uncertainties include, but are not limited to: the risk that regulatory
authorities may not require or recommend a molecular diagnostic for patient
selection for an HIV drug, risks related to the implementation of the
collaboration with Pfizer; risks related to our ability to recognize
revenue from activities under the collaboration with Pfizer; risks and
uncertainties relating to the performance of our products; the growth in
revenues; the size, timing and success or failure of any clinical trials
for CCR5 inhibitors, entry inhibitors or integrase inhibitors; the use of
our Trofile co-receptor tropism assay for patient use in the event of
approval of any CCR5 inhibitors; our ability to establish reliable,
high-volume operations at commercially reasonable costs; expected reliance
on a few customers for the majority of our revenues; the annual renewal of
certain customer agreements; actual market acceptance of our products and
adoption of our technological approach and products by pharmaceutical and
biotechnology companies; our estimate of the size of our markets; our
estimates of the levels of demand for our products; the impact of
competition; whether payors will authorize reimbursement for our products
and services; whether the FDA or any other agency will decide to further
regulate our products or services, whether the draft guidance on
Multivariate Index Assays recently issued by FDA applies to our current or
planned products; whether we will encounter problems or delays in
automating our processes; the ultimate validity and enforceability of our
patent applications and patents; the possible infringement of the
intellectual property of others; whether licenses to third party technology
will be available; whether we are able to build brand loyalty and expand
revenues; restrictions on the conduct of our business imposed by the Pfizer
and Merrill Lynch debt agreements; and whether we will be able to raise
sufficient capital in the future, if required. For a discussion of other
factors that may cause actual events to differ from those projected, please
refer to our most recent annual report on Form 10-K and quarterly reports
on Form 10-Q, as well as other subsequent filings with the Securities and
Exchange Commission. We do not undertake, and specifically disclaim any
obligation, to revise any forward-looking statements to reflect the
occurrence of anticipated or unanticipated events or circumstances after
the date of such statements.
Monogram Biosciences, Inc.
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