Titan Pharmaceuticals Presents Phase 3 Data for Probuphine at the 2008 International Society of Addiction Medicine Congress
SOUTH SAN FRANCISCO, Calif & CAPE TOWN, South Africa--(BUSINESS WIRE)--Nov 19, 2008 - Titan Pharmaceuticals, Inc. (AMEX:TTP) today presented detailed data from its positive Phase 3 placebo controlled study of Probuphine in the treatment of opioid addiction. Titan also presented new data from an ongoing open-label Phase 3 trial of Probuphine. Probuphine is a novel, subcutaneous implant formulation of buprenorphine using Titan's ProNeura™ technology to deliver six months of medication after a single administration. These findings were presented today at the 2008 annual meeting for the International Society of Addiction Medicine (ISAM) Congress which began on November 16, 2008 and continues through November 20, 2008 in Cape Town, South Africa.
The data were presented during a special symposium session entitled, “An Implantable, Six-Month, Sustained-Release Formulation of Buprenorphine: Phase 3 Efficacy and Safety Results.” The session included three presentations given by leading clinicians and researchers in the field of opioid addiction treatment:
“We are pleased to have three presentations at the ISAM meeting which discuss these positive Probuphine data supporting the product's potential to be an important advance in the treatment of opioid addiction,” said Marc Rubin, M.D., President and CEO of Titan. “We believe that Probuphine can become a treatment option that addresses the growing concerns regarding potential abuse and poor compliance associated with existing treatments. Further, we are encouraged by the positive patient responses seen across these trials and believe that this is indicative of Probuphine's potential to serve unmet needs in the patient and physician communities.”
PRO-805: A Phase 3 placebo controlled study of Probuphine
Dr. Casadonte presented detailed results from Titan's positive Phase 3 placebo controlled study of Probuphine in the treatment of opioid addiction. Top-line results for this study were initially released in July 2008. These data indicated that Probuphine showed a clinically and statistically significant difference over placebo by consistently meeting the primary and secondary endpoints as highlighted below:
PRO-807: An ongoing open-label Phase 3 trial of Probuphine
Dr. Casadonte also presented interim safety data from Titan's six-month re-treatment study, where all patients received active Probuphine implants. Approximately 80% of the eligible patients who had completed the placebo controlled study signed informed consent for this re-treatment study and of those, 62 patients have been treated. A total of 26 patients have completed the full six-month re-treatment study at this time. The main objectives of the re-treatment study are to assess the safety and tolerability of Probuphine in patients treated for one year. Interim analysis of the data indicates that there have been no serious adverse events, and that Probuphine is safe and well-tolerated. Adverse events were mild to moderate in severity and generally consistent with the patient population and the known safety profile of buprenorphine.
“Interim analyses of data from PRO-807 are promising and indicate that buprenorphine implants were generally well-tolerated and adverse events were mild to moderate in severity,” stated Dr. Casadonte. “With its novel delivery mechanism, Probuphine can support a greater level of compliance and minimize the potential to divert and misuse this medication. Based upon all of these characteristics, I believe that Probuphine could become a meaningful new treatment option for patients looking to adopt an effective treatment regimen that may be more effectively incorporated into their day-to-day lives.”
Additional Data & Analyses Presented
Dr. Ling presented the pharmacology of buprenorphine and the history of its development as a treatment for opioid addiction. Dr. Ling added, “While the sublingual formulation of buprenorphine has been widely studied and is known to be safe and efficacious, issues with diversion and compliance present challenges for an addiction treatment program. Based upon the clinical data to date, Probuphine has been shown to be a well-tolerated and efficacious treatment. Probuphine's ability to deliver buprenorphine around the clock and maintain effective non-fluctuating steady-state levels of buprenorphine for six months makes it a very promising potential treatment for opioid addiction.”
Dr. Bye's presentation examined the characteristics of Titan's ProNeura long-term delivery technology demonstrated by Probuphine for treating opioid addiction. He reviewed data from the analysis of plasma samples from subjects from the initial clinical pilot study and the Phase 3 study of Probuphine.
Key pharmacokinetic findings include:
Probuphine, which is currently in development for the treatment of opioid addiction, is a small solid rod made from a mixture of ethylene-vinyl acetate (EVA) and buprenorphine that is designed to provide continuous, non-fluctuating, long-term therapeutic levels of the drug buprenorphine for six months after a single administration. Buprenorphine, an approved agent for the treatment of opioid addiction, is sold mainly in the form of a daily dosed, sublingually delivered tablet under the brand names Suboxone® (buprenorphine HCl/nalaxone HCl dehydrate) and Subutex® (buprenorphine HCl) with worldwide sales estimated at $0.5 billion.
About Titan Pharmaceuticals
Titan Pharmaceuticals, Inc. (AMEX: TTP) is focused primarily on the late-stage development and commercialization of Probuphine, which utilizes Titan's proprietary ProNeura long term drug delivery technology, and has demonstrated positive results in Phase 3 testing for treatment of opiate addiction. Products based on ProNeura technology can provide controlled drug release on an outpatient basis over extended periods of up to 6-12 months and may be useful for other potential treatment applications in which conventional treatment is limited by variability in blood drug levels and poor patient compliance.. Titan also has two other products, gallium maltolate and DITPA, in earlier stages of development. For more information, please visit the Company's website at www.titanpharm.com.
The press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to the Company's development program and any other statements that are not historical facts. Such statements involve risks and uncertainties, including, but not limited to, those risks and uncertainties relating to difficulties or delays in development, testing, regulatory approval, production and marketing of the Company's drug candidates, adverse side effects or inadequate therapeutic efficacy of the Company's drug candidates that could slow or prevent product development or commercialization, the uncertainty of patent protection for the Company's intellectual property or trade secrets, and the Company's ability to obtain additional financing. Such statements are based on management's current expectations, but actual results may differ materially due to various factors, including those risks and uncertainties mentioned or referred to in this press release.
Contact: Titan Pharmaceuticals, Inc.
Robert Farrell, 650-244-4990
Executive Vice President & CFO
Jennifer Beugelmans, 646-596-7473
Posted: November 2008