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Sanvar

Treatment for Esophageal Varices with Bleeding

H3 Pharma Inc. Submits New Drug Application To FDA for Sanvar IR

MONTREAL, CANADA, March 2, 2004 -- H3 Pharma Inc., a Montreal-based pharmaceutical Product Development Company, today announced the submission of a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) in Washington DC for Sanvar IR. The product candidate is a somatostatin analog in an immediate-release formulation to be used in acute treatment of esophageal variceal bleeding (EVB) to stop hemorrhage prior to endoscopic intervention and to prevent recurring bleeding during the critical five days following treatment. EVB is a life-threatening event with a high mortality rate that accounts for approximately 7% of episodes of gastrointestinal bleeding in North America and Europe and occurs in approximately 30% of patients with portal vein hypertension caused by cirrhotic liver disease induced by Hepatitis infection. The global market for somatostatin is expected to reach US$1.5 billion by 2005.

“I am very pleased that H3 Pharma has become one of the few companies in Quebec to submit an NDA and has been able to do so within the tight timeframe we had planned,” said Dr. Loïc Maurel, President and CEO of the Company. “The submission of this NDA moves us significantly closer to commercialization of this product candidate. We are now in active discussions with a number of pharmaceutical companies to conclude commercialization agreements in the key world markets of the Americas and Europe this year. The orphan-drug status we have received in the U.S.A. will give us exclusivity in that market for seven years following approval and we expect to enter the U.S. market in 2005,” he added.

“I want to thank our dedicated staff for their enormous efforts to move this product candidate forward quickly and I want to acknowledge the excellent work of the team at Debiopharm S.A. in Lausanne, Switzerland, who advanced the development work so effectively up until our in-licensing of the product last July,” said Dr Maurel.

Sustained-Release Formulation
Also Under Development in Other Indications

The Company is also developing a three-month sustained release (SR) formulation of Sanvar for the management of life-long symptoms of carcinoid tumors and acromegaly for which it was granted orphan-drug designation by the FDA in November 2003. The sustained release formulation offers significant therapeutic advantages over other somatostatin analogues in the treatment of these diseases. Sanvar has demonstrated positive effects on the clinical symptoms of Crohn’s disease as well, and further clinical development will begin this spring.

H3 Pharma plans to sign out-licensing agreements for all Sanvar indications and formulations this year.

Sanvar IR is the only somatostatin analog to demonstrate success versus placebo in the treatment of acute EVB, in a well powered and designed Phase III clinical study conducted in 227 patients in 22 centers. Sanvar IR significantly reduced active bleeding. Survival with hemostasis at 5 days was achieved significantly (p=0.021) more often with Sanvar IR than with placebo. In patients with control of bleeding at day 5, Sanvar IR significantly (p=0.006) increased hemostasis and survival through day 42. Sanvar IR will therefore be used valuably in association with endoscopic treatment to improve hemostasis in emergency in cirrhotic patients presenting variceal bleeding.

The Sanvar IR formulation was submitted for registration in Mexico in December 2003. European submission is planned for late 2004.

About H3 Pharma
H3 Pharma Inc., based in Montreal, is a pharmaceutical Product Development Company with extensive internal expertise and world-renowned advisory panels that focuses on products in both oncology and endocrinology. H3 Pharma bridges the gap between innovative products and the global pharmaceutical marketplace by in-licensing the most promising therapeutic discoveries (post proof-of-concept in humans) and then managing the clinical development, intellectual property, global registration and manufacturing planning prior to out-licensing the products for global commercialization. H3 Pharma Inc. is an international joint venture between SGF Health, a division of SGF, one of Canada's largest venture funds, and Debiopharm S.A., a privately owned company based in Lausanne, Switzerland. To find out more about the company, visit www.h3pharma.com

Source: H3 Pharma Inc.

Posted: March 2004

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