Osiris Receives Second Approval for Life-Saving Stem Cell Drug; Prochymal
Granted Marketing Consent by New Zealand June 14, 2012, 8:00
a .m. EDT COLUMBIA, Md., Jun 14, 2012 (BUSINESS WIRE) -- Osiris
Therapeutics, Inc. OSIR +14.14% ,
announced today it has received consent from New Zealand to market its
first-in-class stem cell therapy Prochymal(R) (remestemcel-L), for the
treatment of acute graft-vs-host disease (GvHD) in children. With this decision
New Zealand joins Canada , which
last month became the world's first internationally recognized regulatory
authority to grant approval to a stem cell drug. Prochymal is also the first
therapy approved for GvHD - a devastating complication of bone marrow
transplantation that kills up to 80 percent of children affected, many within
just weeks of diagnosis. "With each
of our approvals it becomes clearer that the time for life-saving stem cell
therapies in the practice of medicine has arrived, and we are humbled to have a
leading role," said C. Randal Mills, Ph.D., President and Chief Executive
Officer of Osiris. "I would like to thank the professionals at Medsafe for
their thoughtful and expeditious review of this complex application. I would
also like to thank the team at Osiris that continues to do an outstanding job
of making Prochymal available to children around the world suffering from the
devastating effects of GvHD." Osiris
submitted a New Medicine Application (NMA) to Medsafe (New Zealand 's
medical regulatory agency) in May of 2011, and was granted Priority Review in
June of 2011. Priority review provides expedited review for new drugs which
offer a significant clinical advantage over current treatment options.
Prochymal was granted provisional consent under Section 23 of the Medicines Act
1981. "The incidence of GvHD is
likely to rise as the demographic profile of our transplant population
evolves," said Hans Klingemann, M.D., Ph.D., a Professor of Medicine and
the Director of the Bone Marrow & Hematopoietic Stem Cell Transplant
Program at Tufts University School of Medicine. "Effective strategies to
manage the often lethal consequences of GvHD reduce the overall risk to
transplantation and provide the transplant physician with better options when
approaching their most difficult cases."
Clinical trials have shown that Prochymal is able to induce an
objective, clinically meaningful response in 61-64 percent of children with
GvHD that is otherwise refractory to treatment. Furthermore, treatment response
with Prochymal resulted in a statistically significant improvement in survival. "As a mother who watched my son
Christian suffer and die from the horrifying effects of GvHD, while waiting for
the regulatory approvals necessary to allow him access to Prochymal, words
cannot express how happy I am that significant progress is finally being
made," said Sandy Barker, President and Co-founder of the Gold Rush Cure
Foundation. "We are proud to stand side-by-side with Osiris in this historic
battle for our children around the world. Our motto is 'not one more child, not
one more family' and when it comes to GvHD mortality, zero is the only
acceptable number." Prochymal is
now approved in Canada and New Zealand , and is currently available in seven
other countries including the United
States under an Expanded Access Program
(EAP). It is expected that Prochymal will be commercially available in New Zealand
later this year.
About GvHD GvHD represents a major unmet
medical need with no approved treatment until Prochymal. GvHD is the leading
cause of transplant related mortality, in which immune cells contained within
the transplanted marrow recognize the recipient as foreign and mount an
immunologic attack. Severe GvHD can cause blistering of the skin, intestinal
hemorrhage and liver failure. Severe GvHD is extremely painful and fatal in up
to 80 percent of cases. Currently, steroids are used as first-line therapy with
a success rate of only 30-50 percent. When steroids fail, treatment options are
limited to immunosuppressive agents used off-label with little benefit and
significant toxicities.
About Prochymal (remestemcel-L) Prochymal
is the world's first approved drug with a stem cell as its active ingredient.
Developed by Osiris Therapeutics, Prochymal is an intravenous formulation of
mesenchymal stem cells (MSCs), which are derived from the bone marrow of
healthy adult donors between the ages of 18 and 30 years. The MSCs are selected
from the bone marrow and grown in culture so that up to 10,000 doses of
Prochymal can be produced from a single donor. Prochymal is truly an
off-the-shelf stem cell product that is stored frozen at the point-of-care and
infused through a simple intravenous line without the need to type or
immunosuppress the recipient. Prochymal is approved in Canada and New
Zealand for the management of acute graft-versus-host
disease (GvHD) in children and is available for adults and children in eight
countries including the United
States , under an Expanded Access Program.
Prochymal is currently in Phase 3 trials for refractory Crohn's disease and is
also being evaluated in clinical trials for the treatment of myocardial
infarction (heart attack) and type 1 diabetes.
About Osiris Therapeutics Osiris Therapeutics, Inc. is the
leading stem cell company, having developed the world's first approved stem
cell drug, Prochymal. The company is focused on developing and marketing
products to treat medical conditions in inflammatory, cardiovascular,
orthopedic and wound healing markets. In Biosurgery, Osiris currently markets
Grafix(R) for burns and chronic wounds and Ovation(R) for orthopedic
applications. Osiris is a fully integrated company with capabilities in
research, development, manufacturing and distribution of stem cell products.
Osiris has developed an extensive intellectual property portfolio to protect
the company's technology, including 48 U.S. and 144 foreign issued
patents. Osiris, Prochymal, Grafix and
Ovation are registered trademarks of Osiris Therapeutics, Inc. More information
can be found on the company's website, www.Osiris.com . (OSIR-G)
About Christian Barker & Gold Rush Cure Foundation At only 13-years-old, Christian was diagnosed
with a rare form of leukemia. The treatment for this cancer required a bone
marrow transplant. However, due to the aggressive nature of the cancer,
Christian relapsed and a second transplant was conducted. The treatment regimen
consisted of extreme chemotherapy, radiation, and multiple surgeries. Despite
the negative side effects from those treatments, nothing compared to the brutal
suffering which occurred after he contracted graft-vs.-host disease, which
painfully destroyed every part of Christian's body. The disease caused
Christian's skin to peel off, and he vomited several liters of blood daily due
to the destruction of his gastro intestinal tract. To make matters even worse,
Christian experienced liver failure and suffered daily with extreme pain from
head to toe. This condition was prevalent for the four months, and eventually
lead to his death. No child should have to suffer like this, and watching
Christian's body being destroyed by the disease was as horrifying for him as it
was for our family and his caregivers. After
Christian died in December 2007, his mother and father, Sandy and Gary,
established the Gold Rush Cure Foundation (GRCF), which is dedicated to raising
public awareness and funding to help eradicate childhood cancer. GRCF is also
committed to being advocates for children fighting cancer. In June, GRCF made
its 11th trip to Washington ,
D.C. , since Christian's passing
to meet with lawmakers about the vital need for more funding and awareness for
childhood cancer, which is the leading cause of death by disease for children. For more
information, please visit, www.goldrushcure.org .
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