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Replies to #80579 on Biotech Values
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drbio45

07/07/09 2:02 PM

#80580 RE: BioSpecialist #80579

bnc.to I know this company very well and I like their products but their balance sheet is a mess and they are no where near approval with their bladder cancer drug.

why are you saying they are near approval. This is not a pump and dump board
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BioSpecialist

07/08/09 6:23 AM

#80621 RE: BioSpecialist #80579

re Cancer drug PIII Update + US approval soon

CMO is optimistic for MCC in Bladder Cancer

An interview with Dr. Francois Charette, Chief Medical Officer at Bioniche Life Sciences Inc.

What is a clinical trial?

Clinical trials or clinical studies test potential treatments to see if they are effective and safe. New products must be studied in laboratory animals first to evaluate potential toxicity before they can be tried in people. Treatments having acceptable safety profiles and showing the most promise are then moved into clinical trials. Clinical trials are an integral part of new product discovery and development, and are required by regulatory authorities before a new product can be commercialized.

Why participate in a clinical trial?

People volunteer to participate in clinical trials for different reasons. Many volunteer because they want to help advance medical knowledge. Others have tried all available treatments for their condition without success. Although efforts are made to control risks to clinical trial participants, some risk may be unavoidable because of the uncertainty inherent in clinical research involving new medical treatments. I have a lot of respect for participants. Without their contribution, we would not be able to develop new products.

Who can participate?

It's important to test new treatments in the people they are meant to help. Trial guidelines, or eligibility requirements, are developed by the researchers and usually include criteria for age, sex, type and stage of disease, previous treatment history, and other medical conditions. Some trials involve people with a particular illness or condition to be studied, while others seek healthy volunteers. Inclusion or exclusion criteria help identify appropriate participants and help to exclude those who may be put at risk by participating in a trial.

What happens in a clinical trial?

Every clinical trial is designed to answer certain research questions. A trial plan called a "protocol" maps out what study procedures will be done, by whom, and why. The clinical trial team includes doctors and nurses as well as other health care professionals. This team checks the health of the participant at the beginning of the trial and assesses whether that person is eligible to participate. Those found to be eligible - and who agree to participate - are given specific instructions, and then monitored and carefully assessed during the trial and after it is completed.

Is Bioniche currently conducting clinical trials?

Bioniche is currently conducting a clinical trial in bladder cancer with Mycobacterial Cell Wall-DNA Complex (MCC). MCC is a formulation of cell wall fragments from a type of mycobacterium which is found in soil, on plants, and in drinking water and which does not cause disease. It contains no animal or preservative by-product, thereby decreasing the risk of any harmful or allergic reactions. MCC is a sterile product, which means that there are no live organisms in the preparation.

What is involved in running the clinical program with MCC for patients with bladder cancer?

Our first priority in organizing a study for patients with bladder cancer is to make sure that everyone is treated safely with an opportunity of obtaining good results in their treatment against cancer. We write up protocols in collaboration with the top world expert urologists and then collaborate with clinical centres that have the experience in dealing with products under investigation. All centres must receive approval from an Ethical Review Board (ERB) before starting to recruit patients.

What is the design of the first trial that is underway?

One problem in the treatment of bladder cancer is that not everyone can be cured with the available medication. Even if the cancer is still superficial (it has not entered into the wall of the bladder), it is not easy to take out or to treat with drugs that are put in the bladder. Our first trial is for patients that have not responded to a medication called Bacillus Calmette-Guérin (BCG). There are not many options available for these patients. Many of them eventually need to have their bladder removed (a procedure called a cystectomy). We hope that MCC will be able to take care of some of the bladder cancers that have not done well with BCG.

How are patients identified for this trial?

We work very closely with 25 urology centres in North America (Canada and the U.S.). Urologists from these centres propose this product under investigation to the patients that have not done well with BCG. Other patients will, after learning by themselves about MCC, contact us or their urologist to find out if they are eligible for this experimental treatment. They can then be eventually referred to a research site.

When will the first trial be completed?

We anticipate that recruitment in the first trial will be completed by mid-2008. The target is to enroll 105 patients.

How can someone get additional information about this trial?

There are different ways to obtain more information on this trial. Our study is listed on the website www.clinicaltrials.gov. This website provides patients, family members, health care professionals, and members of the public easy access to information on clinical trials for a wide range of diseases and conditions. The National Health Institute (NIH), through its National Library of Medicine, has developed this site in collaboration with all NIH institutes and the FDA.

For more information about the MCC clinical program, please contact Bioniche Therapeutics at 1-800-567-2028 or clinicaltrials@bioniche.com.

When will the results of the first trial be submitted for review by the FDA?

We will follow the patients of this first trial for five years, but will submit results to the FDA after all patients have been in the study for a minimum of one year.

Are you able to discuss the results that you are seeing in the first trial?

We cannot discuss results before the study is completed. The reason for this is to reduce bias (patients or physicians beginning to think that the product is effective or not) before the study results are analyzed. However, during the trial, there is a committee that is independent from our Company that will look at the results regularly to make sure that everything is going well and that there is limited risk for the patients. This committee is called the Data Safety Monitoring Board.

Will the results be available to the patients/public?

We are committed to make the results of all of our trials public. They will be presented at scientific meetings and there will be press releases to announce the results to everyone.

Will the second trial start before the first one ends?

We expect to begin our second trial in the first quarter of 2008, before the first trial ends.

What is the design of that trial?

The second trial will be for all patients that have a superficial (also known as non-invasive) bladder cancer that is at high risk of recurring (coming back) after surgery or at high risk of progression (that may invade the bladder wall). These are usually high grade cancers, which means cancers that are somewhat more dangerous than other types of bladder cancers (low grade). The usual treatment for these cancers after tentative complete surgical removal is to instill (put in the bladder through a small tube) a product called Bacillus Calmette-Guérin (BCG). This treatment is effective most of the time, but there are also patients for whom it is not effective. Many patients have difficulty tolerating this treatment in particular because BCG is a live microbe, a mycobacterium that causes an infection in the bladder. The second trial will compare our product to BCG. At this time, we think that MCC is as good as BCG to support the cure of the patient, but will be better tolerated, with fewer side effects.

What is your expectation for the two Phase III trials with MCC?

I am optimistic that we will be able to show that MCC is an effective and safe product for the treatment of bladder cancer. There is an unmet need for new, better and safer therapies for bladder cancer and I hope we will meet the challenge of addressing this need.

What can you tell us about the Bioniche Therapeutics clinical group?

We have a great team working diligently to advance the science and demonstrate the clinical value of new treatments. The group has considerable expertise in developing new products and strong academic credentials. Moreover, these men and women are dedicated to making it all happen and take pride in their efforts to bring a new product to bladder cancer patients.

Other than bladder cancer, what is the focus for the Bioniche Therapeutics clinical group?

The team will also be looking at the possibility of treating other cancers using the MCC product. The development for these other cancers is much less advanced. There is however, once again, the possibility of advancing medical science for the benefit of patients. This keeps the group very motivated.
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BioSpecialist

07/10/09 8:16 AM

#80728 RE: BioSpecialist #80579

Great news for Bioniche Life Science

wooohhooooooohooo

Bioniche Life Sciences Inc. and Endo Pharmaceuticals Inc. Sign Licensing Agreement for Urocidin(TM)
7/10/2009 8:00 AM - Canada NewsWire

BELLEVILLE, ON and CHADDS FORD, PA, Jul 10, 2009 (Canada NewsWire via COMTEX News Network) --

Bioniche Life Sciences Inc. (TSX: BNC) and Endo Pharmaceuticals Inc. (Nasdaq: ENDP) jointly announced today that Endo has licensed from Bioniche the exclusive rights to develop and market Urocidin(TM) in the U.S. with an option for global rights. Urocidin is a patented formulation of Mycobacterial Cell Wall-DNA Complex (MCC) developed by Bioniche for the treatment of non-muscle-invasive bladder cancer that is currently undergoing Phase III clinical testing.

Under the agreement signed by both companies, Endo will pay Bioniche an up-front cash payment of $20M USD and the potential for up to $110M USD in additional payments linked to the achievement of future clinical, regulatory, and commercial milestones. In addition, Bioniche will manufacture the product and receive a transfer price for supply.

"We are excited about the opportunity to expand our portfolio in bladder cancer treatment and enhance our late stage development pipeline," said David Holveck, president and chief executive officer of Endo Pharmaceuticals. "In August, Endo plans to launch Valstar(TM), for the treatment of BCG-refractory bladder cancer. If successful in clinical development, Urocidin has the potential to extend and enhance our recent therapeutic expansion and strengthen the Valstar franchise."

Graeme McRae, Chairman, President & CEO of Bioniche, added, "Endo Pharmaceuticals represents the optimal development and commercialization partner for Bioniche, given its understanding of the bladder cancer market and breadth of pharmaceutical industry experience. We look forward to advancing the Urocidin development and commercialization program in collaboration with the Endo team. Equally, we are very excited about the potential returns to Bioniche and its shareholders following commercialization of Urocidin."

<< Bladder Cancer and the Ongoing Phase III Clinical Program for Urocidin(TM) >>

In North America, bladder cancer is the fourth most common cancer in men and in the top ten for women. In the United States, approximately 70,000 patients are newly diagnosed with bladder cancer each year. In addition, the cancers of many previously-diagnosed patients remain unresolved, sometimes leading to cystectomy (bladder removal) or death. Approximately 70 percent of bladder cancer patients have the non-muscle-invasive form of bladder cancer at diagnosis and, on appropriate regulatory approvals, might be eligible for multiple treatments with Urocidin.

Non-muscle-invasive bladder cancer is a form of bladder cancer localized in the surface layers of the bladder that has not yet spread into the deeper muscle layer. This form of bladder cancer is treated predominantly by urologists using surgical resection and intravesical infusion therapy. Urocidin is an intravesical infusion therapy, administered via trans-urethral catheter into the bladder.

The first of two Phase III U.S. Food and Drug Administration (FDA)-approved and Fast Track designated registration trials with Urocidin is nearing complete enrolment. In this trial, patients with non-muscle-invasive bladder cancer whose cancer is specifically refractory (unresponsive) to current therapy are receiving Urocidin in an open label trial. Thirty-one urology centres in North America are participating in this trial and recruitment of 105 evaluable patients was completed in March, 2009.

Data from the full cohort of evaluable patients from this trial, coupled with additional safety information to be collected from a second registration trial, will be used to support regulatory submissions under the FDA's Accelerated Approval program.

Bioniche plans to conduct a second registration trial that will directly compare the efficacy and safety of Urocidin with current therapy in the first-line treatment of non-muscle-invasive bladder cancer. In September, 2007, Bioniche announced that an agreement had been reached with the FDA under the Special Protocol Assessment (SPA) procedure on the design of the trial, including its endpoints, data analysis and conduct. It provides assurance that, if the trial endpoints are met, they will serve as the basis for product approval under a Biologics Licensing Application (BLA). An SPA gives a clear pathway to registration of MCC when the trial endpoints are achieved. This trial received Fast Track designation by the FDA last year. With Endo's support, Bioniche will commence this multi-centre trial, setting up clinical trial centres immediately.
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BioSpecialist

07/17/09 5:28 AM

#80998 RE: BioSpecialist #80579

BNC.TO ..Great Article


This Stock is still a big Opportunity ..

http://www.bioworld.com/servlet/com.accumedia.web.Dispatcher?next=bioWorldHeadlines_article&forceid=51437

Bioniche to Get up to $130M in Urology Deal with Endo


By Catherine Hollingsworth

Staff Writer

Canadian biopharmaceutical firm Bioniche Life Sciences Inc. has entered a urology drug deal with U.S-based Endo Pharmaceuticals worth up to $130 million, essentially eliminating the company's cash burn for its bladder cancer program.

Belleville, Ontario-based Bioniche generates revenue from its animal health business, and on the human health side its cash burn "is pretty much, well, it is eliminated" for bladder cancer," Graeme McRae, chairman, president and CEO of Bioniche, told BioWorld Today.

The company's future cash burn would depend on whether Chadds Ford, Pa.-based Endo decides to develop additional indications beyond bladder cancer, he noted.

Under the deal, Endo will develop and market Bioniche's Phase III bladder cancer product, Urocidin, and make an up-front cash payment of $20 million and up to $110 million in potential milestone payments.

Bioniche will be responsible for manufacturing Urocidin, aimed at patients who have not responded or stopped responding to an existing treatment known as BCG, short hand for the vaccine bacilli Calmette-Guerin.

Originally developed in the 1920s for tuberculosis, the live BCG vaccine also is used to activate the immune system against bladder cancer. But treatment with BCG can be irritating to the bladder and, in a small number of cases, can result in TB infection.

The up-front payment will be used for working capital, as Bioniche seeks to reduce its bank debt and makes plans for the next potential indication using its Mycobacterial Cell Wall - DNA complex (MCC) technology. Urocidin is the product developed from the technology.

Under the agreement, Endo has the first right of refusal of other pelvic cancer indications based on that technology. Bioniche has done preliminary work in cervical and ovarian cancer and has completed Phase I testing in prostate cancer.

In addition, Bioniche has completed enrollment for the first Phase III trial of Urocidin, the results of which are expected in April 2010 and will be made publicly available in May 2010. That trial is in patients who are refractory to treatment with BCG.

A second trial of Urocidin is expected to start at the end of the year in patients with newly diagnosed bladder cancer who are at high risk of the disease progressing or recurring. The 800-patient study is expected to complete enrollment in two years, followed by a two-year observation period.

The indications being studied in those trials have been granted fast-track status by the FDA.

Cowen & Co. analyst Ian Sanderson, who tracks Endo, said in a research note that if the Phase III studies succeed, "we project a late 2011 filing and 2012 launch for Urocidin." But Sanderson said that Endo needs to make some more moves to offset the potential loss of its Lidoderm and Opana franchise sales to generic competition between 2012 and 2015.

Phase II results for Urocidin showed that 40 percent to 60 percent of patients who failed the existing therapy achieved a complete response. If Urocidin can achieve a 20 percent response rate in the refractory population, it "will probably be very well accepted" by the FDA, McRae said.

So far, the safety profile has been clean and study patients have not dropped out due to side effects. One reason no new treatments have emerged for bladder cancer is that it is difficult to treat without making the symptoms worse.

While chemotherapy has been tried off-label to treat bladder cancer, the process can be irritating to the bladder. The chemo requires a lengthy period of contact with a tumor to work, but urine in the bladder can dilute the chemo and maintaining the chemo in the bladder for more than hour is a challenge.

Urocidin, on the other hand, is designed to work in 30 minutes and can be maintained at an effective level even with the dilutive effect of urine, McRae explained.

He said only a handful of companies are working on new treatments for bladder cancer using chemotherapy or toxins bound to antibodies. But Bioniche's product candidate is the most advanced and has what McRae called the "crème de la crème of urologists" in its clinical program who hail from top medical institutions such as Memorial Sloan Kettering and Johns Hopkins.

Prior to the deal with Endo, Urocidin was the only advanced product in the urology area that still was unpartnered, McRae noted. Bioniche had been in discussion with multinational companies that claimed to be in the urology space, "but weren't really," he said, adding that he was surprised by the lack of understanding of the field.

Endo had purchased the urology company Indevus, a move that McRae said, "clearly steered Endo toward us." He said Endo and Bioniche had "a lot of synergy" between their clinical and research groups.

In August, Endo plans to launch Valstar for BCG-refractory bladder cancer, David Holveck, president and CEO of Endo said in a statement. "If successful in clinical development, Urocidin has the potential to extend and enhance our recent therapeutic expansion and strengthen the Valstar franchise," Holveck said.

About 70,000 patients in the U.S. are diagnosed with bladder cancer each year. In addition, the cancers of many previously-diagnosed patients remain unresolved, sometimes leading to cystectomy (bladder removal) or death.

About 70 percent of bladder cancer patients have the non-muscle-invasive form of bladder cancer at diagnosis and potentially could be eligible for multiple treatments with Urocidin, if approved, according to Bioniche.

Shares in Bioniche (TSX:BNC) were up C12 cents or 26 percent, closing at C58 cents. Shares in Endo (NASDAQ:ENDP) were down 25 cents, closing at $17.09.

Published July 13, 2009
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BioSpecialist

07/19/09 9:59 AM

#81043 RE: BioSpecialist #80579

BNC.TO ..Outperform Rating

http://www.haywood.com/pdffiles/BNCJul142009.pdf


SECTOR OUTPERFORM; Target: (+$0.20) $1.50; Risk: SPECULATIVE

Partnership Agreement Puts BNC Back on Track

ALPHA: We see significant upside to investors. BNC's share price

reflects a value for the Animal Health division only - that is at 5x

2009 EBITDA or $0.50/shr. We note the US$20M upfront from the Endo

agreement is worth ~$0.25/shr alone. We disagree with the market that

the Human Health division with Urocidin is currently worth zero to BNC

and investors.