National Cancer Institute to Support UroGen's Development of Prostate Cancer Gene Therapy SAN DIEGO--(BW HealthWire)--March 27, 2000--UroGen (OTC:BB:UROG) today announced that the National Cancer Institute (NCI) has awarded a SBIR grant to support development of the Company's prostate cancer gene therapy product. The award, over $500,000 for two years, was issued to further develop UroGen's adenoviral vector gene therapy technology for the treatment of prostate cancer.
``This therapeutic is unique due to its multiple modes of action. The adenoviral vector destroys tumor cells directly at the site of injection, sensitizes tumor cells to radiation therapy and activates the immune system to kill tumor cells that have spread through the body', stated Wei-Wei Zhang, M.D., Ph.D., Senior Vice President and Chief Scientific Officer of UroGen Corp. Initial applications of this adenoviral vector technology will be concentrated on prostate cancer, however the approach may be employed for treating other cancers.
The product has been designed to replicate in and destroy prostate cancer cells and to deliver the therapeutic gene interleukin-3 to the tumor site. Interleukin-3 gene therapy sensitizes tumors to the effects of radiation and stimulates anti-tumor immune responses capable of eradicating metastatic disease. In animal tumor models, a single injection of the adenoviral vector completely eradicated tumors and the combination of interleukin-3 cytokine gene therapy with radiotherapy was curative, resulting in enhanced efficiency of radiation therapy and anti-tumor immune responses.
``UroGen will use this funding to further the development of its prostate cancer gene therapy product and bring it to the clinic', said Robert E. Sobol, M.D., UroGen's President and Chief Executive Officer. UroGen intends to begin human trials for its first gene therapy based product, for the treatment of hemophilia, in 2000.
UroGen is a biotechnology company developing gene therapy products for the treatment of hemophilia A and prostate cancer. The Company's hemophilia product is being developed in collaboration with Baxter Healthcare. Its prostate cancer product development program has been supported, in part, by a previous grant from the National Cancer Institute. The Company recently announced the completion of approximately $25 million in equity financings, which will contribute additional financial resources to the development of these products. |