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Article Excerpt:

Company Interview Excerpt
WILLIAM P. PETERS - ADHEREX TECHNOLOGY INC. (AHX:TSX)


Full article published: 9/18/2006


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TWST: What is Adherex Technologies?
Dr. Peters: Adherex is a biopharmaceutical company with a broad portfolio of anti-cancer products, focused on two main areas. The first is the development of inhibitors of cell adhesion and signaling molecules, known as cadherins, to kill cancer cells. The second is the development of a product called eniluracil, which we are developing to enhance the effectiveness of 5-FU (one of the most commonly used anti-cancer drugs in the world). Beyond those two value drivers, the company has a broad platform of compounds in earlier development that offer unique opportunities to solve clinical problems and the potential to provide sustainable business opportunities for the company. The company initially was founded as a spinoff from McGill University; it evolved into a public corporation based in Ottawa and traded on the Toronto Stock Exchange, and currently is traded both on the Toronto Stock Exchange as well as the American Stock Exchange. The company is now located in the Research Triangle Park in North Carolina.

TWST: Give us an idea of the current targets for your company as far as products, research and development, and where they fit in as far as markets and opportunity?
Dr. Tyler has found, however, in repeated experiments that when ADH-1 is given with the infused melphalan, all of the treated animals achieved complete remissions of their tumors. Further, they did not return over the several month course of the study. We have posted on our Website some examples of the results with this combination. Dr. Tyler and his team were very impressed by these data and are interested in pursuing clinical studies with ADH-1 in combination with melphalan. This data has provided very strong motivation for pursuing clinical studies in combination, and we have refocused some of our internal resources to make this happen as quickly as possible. Interestingly, we have seen similar results in the treatment of ovarian cancer in animal models and are similarly working toward moving these into the clinic as well. Not only have we seen intriguing data combining ADH-1 with chemotherapy agents, we also have reason to believe that the combination of our drug with biologic agents such as Tarceva or Avastin may offer substantial additional opportunities. For example, in our recent Phase I clinical trial, we reported on a patient with an N-cadherin positive esophageal cancer who achieved a formal RECIST criteria partial response, defined as a reduction of at least 50% in tumor size, in the multiple metastatic lesions in her lungs. When that patient finally progressed after nine months of treatment with ADH-1, the disease did not progress in the pulmonary metastases, which had shown a response, but rather at the original tumor site in the esophagus. When that recurrence was biopsied and studied for its cadherin expression, the recurrent tumor was found to be N-cadherin negative and E-cadherin positive, where it had been N-cadherin positive and E-cadherin negative at the start of ADH-1 treatment. This suggests that ADH-1 killed off the N-cadherin positive population and that an E-cadherin subpopulation of the tumor grew out. While we had always expected that ADH-1 would be specific for N-cadherin positive tumors, what makes the tumor's change in cadherin expression particularly intriguing is the recent finding by investigators at the University of Colorado, and subsequently confirmed by others, that the FDA-approved drug Tarceva, or erlotinib as it is known, is only active against E-cadherin positive tumor cells. Tumor cells that are E-cadherin negative and N-cadherin positive are resistant to Tarceva. This is the exact opposite and reciprocal phenotype of the setting in which our drug appears to be working. It implies that not only are these molecular features of the tumor very important in deciding the sensitivity of the tumor to particular drugs, it also suggests that ADH-1 is active at a particularly important switch point in cancer progression, one that defines resistance to one of the newest and most important therapies in cancer, Tarceva. Thus the combination of Tarceva and ADH-1 might be a very attractive combination. ADH-1's target, N-cadherin, is increasingly being seen as a very important target in cancer therapy. It is a molecule that appears when certain tumor suppression genes are turned off and serves as a survival factor for the cancer cells. It is intimately involved in invasion and the metastatic process. And importantly from a business perspective, to our knowledge, ADH-1 is the only drug in clinical development that targets this important molecule. So there is a great deal of scientific and clinical interest in combining our drug with drugs like Tarceva or the other EGFR inhibitors. I personally think this could be a very powerful approach. As I mentioned earlier, ADH-1 is also able to affect the tumor vasculature very specifically, and this presents another area of interest for combining our drug with other biologics. Because ADH-1 causes vascular disruption in mature tumor vessels, there is considerable interest in combining ADH-1 with an anti- angiogenic compound such as Avastin, which targets newly forming micro- vasculature. In this case, one agent, ADH-1, would target mature tumor vessels and the other, Avastin or a similar compound, would prevent new vessel growth. The complementary nature of these activities could be substantial. To get ADH-1 to market, we will need to conduct pivotal registration trials. We have two Phase II single agent trials ongoing and are getting ready to explore ADH-1 in combination with chemotherapy in the clinic. These trials should provide guidance for the tumor types, the proper design, and the target markets for our drug. So, in summary, there are several tumors that could be susceptible to ADH-1, each expressing the N-cadherin target. ADH-1 has been well tolerated, even in high doses for extended periods, and has shown anti-tumor activity in the clinical setting as a single agent and synergy when combined with chemotherapy in the preclinical setting. Ultimately the data will define the value of the drug in the clinic, but thus far not only have there been no showstoppers in developing this drug, the potential for the drug continues to grow as we move forward in its development.

 

Tickers included in this excerpt: AHX:TSX

 

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