LORUS SIGNS VIRULIZIN SUPPLY PACT WITH BIOVECTRA.Lorus Therapeutics Inc. (Lorus), Toronto, a biopharmaceutical company specializing in the research, development and commercialization of pharmaceutical products and technologies for the management of cancer, has signed a commercial supply agreement with Diagnostic Chemicals Limited operating as BioVectra dcl (BioVectra) for the commercial manufacture of Virulizin(R). Lorus has successfully completed the technology transfer process to BioVectra, which is critical to the commercialization of Virulizin(R). Moving forward, Lorus will scale up to commercial batch size by the second quarter of 2005. The documentation that supports these activities will be of paramount importance during the US Food and Drug Administration's (FDA) pre-approval inspection of the full-scale manufacturing site. BioVectra is an FDA-inspected, privately owned, Canadian company located in Charlottetown Charlottetown, city (1991 pop. 15,396), capital and chief port of Prince Edward Island, E Canada, on the southern coast. Food processing, tourism, fishing, and farming are the main industries. The French established (c.1720) a fort and settlement across the harbor, known as Port la Joie. Charlottetown was laid out by the British in 1768 and named for Queen Charlotte, consort of George III. Its growth was slow until the middle of the 19th cent., PEI. Its 33,500 square foot cGMP manufacturing facility provides technology-based custom manufacturing to a number of large pharmaceutical and biotechnology companies on a global scale. BioVectra's expertise includes preclinical phase I to phase III clinical trial material, active pharmaceutical ingredients, natural product extraction and purification and advanced intermediates. Virulizin(R) is currently the subject of a fully enrolled global Phase III registration clinical trial for the treatment of advanced pancreatic cancer in combination with gemcitabine. The clinical trial has enrolled more than 400 patients at over 100 oncology centres around the world. The clinical trial results are expected during the second half of 2005. To date, Virulizin(R) has received fast track status, orphan drug status and a special protocol assessment from the FDA. "This collaboration represents an excellent fit for BioVectra as Virulizin(R) advances through the regulatory process," said Dr. Tony Lucas, CEO of BioVectra dcl. "We look forward to a long and mutually rewarding relationship with Lorus." "The signing of this commercial supply agreement with BioVectra is a significant achievement in the commercialization process for Virulizin(R)," said Dr. Jim Wright, CEO of Lorus Therapeutics. "We are pleased to be aligned with BioVectra, a company with extensive experience supplying product to the pharmaceutical and diagnostic industries." For more information, visit http://www.BioVectra.com. About Lorus Lorus is a biopharmaceutical company focused on the research and development of cancer therapies. Lorus' goal is to capitalize on its research, preclinical, clinical and regulatory expertise by developing new drug candidates that can be used, either alone, or in combination, to successfully manage cancer. Through its own discovery efforts and an acquisition and in-licensing program, Lorus is building a portfolio of promising anticancer drugs. Late-stage clinical development and marketing may be done in cooperation with strategic pharmaceutical partners. Lorus currently has three products in human clinical trials with a pipeline of eight clinical trials in phase II clinical trial programs and one phase III registration clinical trial. Lorus Therapeutics Inc. is a public company listed on the Toronto Stock Exchange under the symbol LOR, and on the American Stock Exchange under the symbol LRP LRP - Label Routing Protocol LRP - Laparoscopic Radical Prostatectomy LRP - Laser Range Prediction LRP - Launch Reference Point LRP - Lazy Receiver Processing LRP - Lead Replacement Petrol LRP - Learning Resource Program LRP - Least Reliable Position LRP - Least Restrictive Placement LRP - Less Reactive Phosphate LRP - Letter Proposal Retrofit Lrp - Leucine-responsive Regulatory Protein LRP - Limited Response Package. Virulizin(R) is a registered trademark of Lorus Therapeutics Inc. For more information, visit http://www.lorusthera.com or call 416/798-1200 ext. 338. |
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