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Replies to #39589 on Biotech Values
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DewDiligence

12/20/06 4:38 PM

#39651 RE: ThomasS #39589

Funny coincidence that this comes out the day after NFLD’s implosion.
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DewDiligence

01/10/07 7:26 AM

#40482 RE: ThomasS #39589

Biopure Receives Comment Letter From U.K. Regulatory Body on Marketing Application for Hemopure

[It doesn’t sound as though the regulators are in any hurry to approve Hemopure. Can you blame them?]

http://biz.yahoo.com/prnews/070110/clw050.html?.v=81

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Wednesday January 10, 6:30 am ET

CAMBRIDGE, Mass., Jan. 10 /PRNewswire-FirstCall/ -- Biopure Corporation (Nasdaq: BPUR ) announced today that, as expected, it has received a provisional opinion letter from the United Kingdom Commission on Human Medicines containing comments and questions based on its review of the company's marketing authorization application (MAA) for Hemopure® [hemoglobin glutamer - 250 (bovine)] for the treatment of acutely anemic adult orthopedic surgery patients under 80 years of age. The letter provides Biopure the opportunity to respond to these issues before the Commission gives its final advice to the Medicines and Healthcare products Regulatory Agency (MHRA), the licensing authority in the U.K.

The letter identifies and captions as "Major" issues relating to toxicology, quality, clinical efficacy and safety, including the product's benefit-risk balance in the proposed indication when blood is readily available. It captions as "Other" several dozen issues primarily relating to chemistry, manufacturing and controls. Unless these issues are satisfactorily addressed, the Commission may be unable to recommend marketing authorization.

"Based on our initial review of the letter, we believe the issues are addressable," said Biopure Chairman and CEO Zafiris G. Zafirelis. "During the next several weeks, we expect to continue evaluating the issues and the time and resources required to fully respond to the Commission's questions."

Biopure submitted its application to the MHRA through the U.K. National Procedure in July 2006, and the MHRA accepted it for review in September 2006. The issuance of a provisional opinion letter with questions from the Commission on Human Medicines, which is an advisory body to the MHRA, is a standard, interim step in the review process. Under U.K. regulations, the company has up to six months to respond to the Commission's questions, and can request an extension. The time period for the agency's final decision on the MAA can vary. Once an applicant responds to the Commission's questions it generally takes four to six months for the agency to make a final determination.

If marketing authorization is granted, the company could seek registration of the product in other member states in the European Economic Area through the Mutual Recognition Procedure.

Anemia

Anemia is a deficiency of red blood cells in the bloodstream caused by blood loss or other disorders, which can compromise the body's oxygen-carrying capacity and in severe cases lead to cell damage, organ dysfunction or death. Hemoglobin is a protein normally contained within red blood cells that carries and releases oxygen to the body's tissues.

Hemopure®

Hemopure is an intravenously administered pharmaceutical consisting of stabilized bovine hemoglobin formulated in a balanced salt solution. These chemically cross-linked hemoglobin molecules circulate in the plasma (the fluid part of blood) when infused and are smaller, less viscous and more readily release oxygen to tissues than red blood cells. Hemopure is ultra- purified, compatible with all blood types, and stable for three years without refrigeration (2 to 30 degrees Celsius). Other than red blood cell transfusion, there is no approved therapeutic for human use in Europe or the U.S. that can transport oxygen to tissues.

Biopure Corporation

Biopure Corporation develops, manufactures and markets pharmaceuticals, called oxygen therapeutics, that are intravenously administered to deliver oxygen to the body's tissues. Hemopure® [hemoglobin glutamer - 250 (bovine)], or HBOC-201, is approved for sale in South Africa for the treatment of surgical patients who are acutely anemic. Biopure has applied in the United Kingdom for regulatory approval of a proposed orthopedic surgical anemia indication. The company is developing Hemopure for a potential indication in cardiovascular ischemia, in addition to supporting the U.S. Navy's government- funded efforts to develop a potential out-of-hospital trauma indication. Biopure's veterinary product Oxyglobin® [hemoglobin glutamer - 200 (bovine)], or HBOC-301, the only oxygen therapeutic approved by the U.S. Food and Drug Administration and the European Commission, is indicated for the treatment of anemia in dogs. Biopure has sold approximately 180,000 units of Oxyglobin, which have been used to treat an estimated 98,000 animals.
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