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Pharming Recieves Orphan Drug Designations For rhC1INH From US FDA
Leiden, The Netherlands, June 14, 2006. Biotech company Pharming Group
NV (“Pharming” or “the Company”) (Euronext: PHARM) announced today it
has received orphan drug designations for recombinant human C1
inhibitor (rhC1INH) from the Food and Drug Administration (FDA). The
Company has obtained designations on rhC1INH for two separate disease
indications – the prevention and/or the treatment of Delayed Graft
Function (DGF) after solid organ transplantation and the treatment of
Capillary Leakage Syndrome (CLS).
Over 25,000 solid organs were transplanted in the US in 2005, including
kidney, liver, lung and heart transplants. Delayed Graft Function is a
common complication affecting all solid organs in the post-transplant
period. DGF results in significant morbidity and mortality from early
graft dysfunction and from decreased long-term graft survival. The
condition also prolongs hospitalization and requires substitute
therapies for these patients, such as dialysis or ventilatory support.
DGF remains a critical unmet medical need despite improvements in
immunosuppression, organ preservation, and surgical technique. C1
inhibitor has been shown in numerous models of organ transplantation to
improve early graft function.
Over 100,000 patients in the US develop Capillary Leakage Syndrome
annually as a complication of various disease states, including bone
marrow/stem cell transplantation, IL-2 therapy, sepsis, and neonatal
cardiac surgery. CLS is a severe life-threatening condition
characterized by excessive fluid loss into the tissue space, which can
result in hemodynamic instability, pulmonary edema, ascites, and death.
Current therapies for patients with CLS are limited to supportive care
and treatment of the underlying condition. Previous clinical work has
demonstrated that C1 inhibitor may be an effective anti-inflammatory
that can control the mechanisms contributing to CLS.
“Pharming’s rhC1INH product could provide new treatments for immune
mediated diseases such as Delayed Graft Function in organ
transplantation and Capillary Leakage Syndrome, conditions with a high
burden and limited treatment options for patients,” said Dr. Francis
Pinto, CEO of Pharming. “The Orphan Drug designations from the FDA
further validate the potential of rhC1INH as an innovative therapy and
are a significant achievement as we advance development of rhC1INH for
these indications.”
The FDA Orphan Drug designation is reserved for promising new therapies
being developed to treat diseases that affect fewer than 200,000 people
in the United States. This designation provides an accelerated review
process, tax advantages and a seven-year period of market exclusivity
in the US upon product approval. Pharming also has an Orphan Drug
designation on rhC1INH for the treatment of Hereditary Angioedema.
Background on Pharming Group NV
Pharming Group NV is developing innovative protein products for unmet
needs. The Company’s products include potential treatments for genetic
disorders, specialty products for surgical indications, intermediates
for various applications and food products. Pharming has two products
in late stage development – recombinant human C1 inhibitor for
Hereditary Angioedema (Phase III) and recombinant human lactoferrin for
use in functional foods. The advanced technologies of the Company
include innovative platforms for the production of protein
therapeutics, as well as technology and processes for the purification
and formulation of these products. Additional information is available
on the Pharming website: http://www.pharming.com.
This press release contains forward looking statements that involve
known and unknown risks, uncertainties and other factors, which may
cause the actual results, performance or achievements of the Company to
be materially different from the results, performance or achievements
expressed or implied by these forward looking statements. The press
release also appears in Dutch. In the event of any inconsistency, the
English version will prevail over the Dutch version.
Contact:
Carina Hamaker, Investor Voice, T: +31 (0)6 537 49959
Sarah MacLeod, Financial Dynamics, T: +44 (0)20 7269 7148
Samir Singh, Pharming Group NV, T: +31 (0)71 524 7429