Guest guest Posted October 6, 2005 Report Share Posted October 6, 2005 Genzyme Licenses Exclusive Rights to Chronic Myeloid Leukemia Markers Thursday October 6, 9:01 am ET University of California at Los Angeles Grants Rights to Develop Diagnostic Test CAMBRIDGE, Mass., Oct. 6 /PRNewswire-FirstCall/ -- Genzyme Corporation (Nasdaq: GENZ - News) announced today that it has entered into a license agreement with the University of California at Los Angeles (UCLA) Jonsson Cancer Center to obtain exclusive, worldwide diagnostic rights to its discovery of gene mutations believed to be associated with drug resistance to Gleevec® (imatinib mesylate), the current first-line therapy for patients with chronic myeloid leukemia (CML). The molecular hallmark of CML is a mutation known as BCR-ABL. This mutation is the specific target for Gleevec and is found in 95 percent of patients with CML. Secondary mutations in the ABL portion of the gene correlate with treatment failure or relapse in most patients on Gleevec therapy. Through this license, Genzyme will be the first company to develop and market a diagnostic test to detect a significant portion of these secondary BCR-ABL mutations and monitor resistance in CML patients prior to, and during, treatment with Gleevec. Results from such a test may assist physicians in predicting patient relapse before it happens and making appropriate adjustments in treatment. " Developing diagnostic tests for targeted cancer therapies and making them available to physicians and their patients is our top priority, and this is the third such unique test that we intend to develop and launch this year, " said Mara Aspinall, president of Genzyme Genetics, the business unit of Genzyme Corp. focused on the research and development of high quality, complex diagnostic testing services. Genzyme recently launched a test to specifically identify epidermal growth factor receptor (EGFR) mutations associated with non-small cell lung cancer. " This new test is designed to identify those patients who are likely to respond to Gleevec, as well as those who are likely to develop resistance to the drug, " she added. " Because CML is a chronic disease, requiring ongoing therapy, the literature suggests that the long-term morbidity and quality of life should improve for many patients as a result of physicians having access to this test. " Because of its high efficacy and mild morbidity, Gleevec as a first-line therapy is considered to have revolutionized long-term survival of patients with CML. Gleevec was approved by the U.S. Food and Drug Administration in May 2001 as the first drug in a new class of anti-neoplastic agents for the treatment of CML. Over 90 percent of patients treated with Gleevec respond initially to treatment, and many experience a complete remission. Despite these positive response rates, a subset of patients don't respond to Gleevec therapy fully or at all, and approximately 4 to 5 percent of successfully treated patients annually will develop resistance to Gleevec during therapy with a return of their disease manifestations. The discovery of the BCR-ABL mutations was made by researchers at UCLA in 2001, who are currently working to determine if the same mutations in patients with CML may also lead to resistance to newer investigational treatments. This licensing agreement will result in one of several major new cancer diagnostic tests Genzyme Genetics plans to launch this year, all of which will be designed to help identify which patients are likely to respond to targeted cancer therapies. In addition to the EGFR test, Genzyme also unveiled its first cancer test to complement treatment for patients with B- cell chronic lymphocytic leukemia (B-CLL) with drugs such as Campath® (alemtuzumab) in July. The new test checks for minimal residual disease in patients with B-CLL. About Chronic Myeloid Leukemia Chronic myeloid leukemia is also known as chronic myelogenous leukemia. According to the American Cancer Society, CML is a type of cancer that starts in blood-forming cells of the bone marrow and then invades the blood. It can spread to the lymph nodes, spleen, liver, and other parts of the body. In contrast, other types of non-leukemia cancer can start in these organs and then spread to the bone marrow (or elsewhere). CML can also change into a fast-growing acute leukemia that invades almost any organ in the body. The American Cancer Society estimates that there will be approximately 4,600 new cases of CML diagnosed in 2005. Approximately 25,000 CML patients are living in remission on therapy in the U.S. today. The average age of people with CML is around 50 years. About Genzyme Genetics Genzyme Genetics is a leading, nationwide provider of high-quality, complex diagnostic testing services for physicians and their patients. With CLIA- certified laboratories and counseling facilities located across the U.S., Genzyme Genetics offers extensive diagnostic testing services, supported by innovative technology and a commitment to quality service and trusted information. Genzyme Genetics is a business unit of Genzyme Corporation. About Genzyme Corporation One of the world's leading biotechnology companies, Genzyme is dedicated to making a major positive impact on the lives of people with serious diseases. Founded in 1981, Genzyme has grown from a small start-up to a diversified enterprise with more than 7,600 employees in locations spanning the globe and 2004 revenues of $2.2 billion. With many established products and services helping patients in more than 80 countries, Genzyme is a leader in the effort to develop and apply the most advanced technologies in the life sciences. The company's products and services are focused on rare inherited disorders, kidney disease, orthopaedics, cancer, transplant and immune diseases, and diagnostic testing. Genzyme's commitment to innovation continues today with a substantial development program focused on these fields, as well as heart disease and other areas of unmet medical need. This press release contains forward-looking statements, including statements regarding Genzyme's revenue estimate for 2005, the development and marketing of a diagnostic test to detect secondary BCR-ABL mutations and monitor resistance in CML patients prior to and during treatment with Gleevec, the ability of the CML markers test to predict patient relapse, identify patients who are likely to respond to Gleevec, and identify patients likely to develop resistance to Gleevec, Genzyme Genetics' expectations regarding long- term morbidity and quality of life improvements resulting from doctors' access to a CML marker diagnostic test, as well as Genzyme Genetics' plans to launch additional cancer diagnostic tests this year. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in these forward- looking statements. These risks and uncertainties include, among others, scientific, technical and manufacturing issues that could prevent the development of a CML markers diagnostic test as contemplated, the failure of a CML markers diagnostic test to produce diagnostic results as anticipated, the commercial acceptance of CML markers diagnostic tests, including the acceptance of a CML test at price levels that are economically viable for Genzyme Genetics, and the risks and uncertainties described in reports filed by Genzyme with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, including without limitation the information under the heading " Factors Affecting Future Operating Results " in the Management's Discussion and Analysis of Financial Condition and Results of Operations section of the Genzyme Quarterly Report on Form 10-Q for the quarter ended June 30, 2005. Genzyme cautions investors not to place substantial reliance on the forward-looking statements contained in this press release. Revenue guidance is given as of July 14, 2005 and is not being updated or reaffirmed. All other statements speak only as of the date of this press release, and Genzyme undertakes no obligation to update or revise the statements. Genzyme® and Campath® are registered trademarks of Genzyme Corporation. Gleevec® is a registered trademark of Novartis. All rights reserved. Quote Link to comment Share on other sites More sharing options...
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