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BSTE Biosite (MM)

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Biosite (MM) NASDAQ:BSTE NASDAQ Common Stock
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Biosite(R) Incorporated Announces Exclusive License for Novel Renal Injury Marker

13/07/2005 2:00pm

PR Newswire (US)


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Biosite(R) Incorporated Announces Exclusive License for Novel Renal Injury Marker SAN DIEGO, July 13 /PRNewswire-FirstCall/ -- Biosite(R) Incorporated (NASDAQ:BSTE) today announced it has signed an exclusive licensing agreement with Cincinnati Children's Hospital Medical Center and Columbia University for the use of neutrophil gelatinase-associated lipocalin (NGAL), a biomarker that may assist clinicians to quickly and accurately identify acute renal failure within hours rather than days, in diagnostic, monitoring and prognostic applications. Under the collaboration, Biosite will make antibodies to NGAL using its proprietary antibody development process, which combines immunization of mice and phage display technology to generate highly diverse libraries of Omniclonal(R) antibodies with high affinity and low cross-reactivity. The immunoassay for NGAL will then be tested on blood samples to assess commercialization potential. The financial terms of the agreement were not disclosed. Acute renal failure remains a common and critical clinical entity affecting five percent of all hospitalized patients and 30 to 50 percent of those in the intensive care unit. It is associated with various medical problems, treatments, and procedures. Despite advances in medical care, acute renal failure still carries a significant mortality rate(i). When acute renal failure is observed in the intensive care unit complicated with other non-renal organ dysfunction, the associated mortality rate is 50 to 70 percent(ii). In a recent study, published in the April 1, 2005 issue of The Lancet(iii), concentrations of NGAL were "strikingly raised" in the urine and serum of children with acute renal failure after cardiopulmonary bypass. Noting that acute renal failure occurs in up to four in every 10 patients undergoing cardiac surgery, Dr. Devarajan, Cincinnati Children's Hospital Medical Center, Ohio, and colleagues tested whether NGAL could act as an early biomarker for renal injury after cardiothoracic surgery. Devarajan and his team studied NGAL expression in blood and urine samples from 71 children undergoing cardiopulmonary bypass using western blots and enzyme-linked immunosorbent assay (ELISA). The current gold standard in diagnosing renal failure (serum creatinine measurement) leads to a diagnosis one to three days after the initial injury, but by testing for high concentrations of NGAL, Dr. Devarajan and colleagues at Cincinnati Children's found they could get definitive test results within hours. "Our results indicate that NGAL is not only a powerful immediate early biomarker for acute renal injury, preceding any increase in serum creatinine by one to three days, but is also a valid discriminatory marker for the entire duration of the study," wrote the researchers. "The results from this study appear promising, so we are looking forward to examining NGAL further," said Gunars Valkirs, Ph.D., senior vice president Biosite Discovery. "Acute renal failure is a common clinical disorder still associated with a poor prognosis, and where rapid diagnosis could play a key role in better patient outcomes." About Cincinnati Children's Hospital Cincinnati Children's Hospital Medical Center is a 423-bed institution devoted to bringing the world the joy of healthier kids. Cincinnati Children's is dedicated to transforming the way health care is delivered by providing care that is timely, efficient, effective, family-centered, equitable and safe. It ranks third nationally among all pediatric centers in research grants from the National Institutes of Health. The Cincinnati Children's vision is to be the leader in improving child health. Additional information can be found at http://www.cincinnatichildrens.org/. About Biosite Incorporated Biosite Incorporated is a leading bio-medical company commercializing proteomics discoveries for the advancement of medical diagnosis. The Company's products contribute to improvements in medical care by aiding physicians in the diagnosis of critical diseases and health conditions. Biosite's Triage(R) rapid diagnostics are used in approximately 50 percent of U.S. hospitals and in over 50 international markets. Information on Biosite can be found at http://www.biosite.com/. Except for the historical information presented herein, matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Statements that are not historical facts, including but not limited to statements that are preceded by, followed by, or that include the words "will"; "believes"; "should"; "intends"; "anticipates"; "plans"; "expects"; "estimates"; or similar statements are forward-looking statements. Forward looking statements include statements about the potential benefits of the license agreement between Biosite, Cincinnati Children's Hospital Medical Center, and Columbia University, Biosite's ability to generate antibody libraries and evaluate the diagnostic utility of the target, and the clinical utility of measuring concentrations of NGAL for purposes of diagnosing kidney failure or other forms of renal failure or for any other diagnostic, monitoring or prognostic application. Risks that should be considered include risks and uncertainties regarding the discovery and product development process generally, risks associated with the introduction of competitive products from companies with greater capital and resources, uncertainties around the proprietary nature of the targets subject to the collaboration, uncertainties relating to clinical trials and the regulatory approval process for any new potential product, and risks and expenses associated with litigation, contract disputes, patent conflicts, product recalls, manufacturing constraints, backlog, delays or inefficiencies, shipment problems, seasonal customer demand, the timing of significant orders, changes in reimbursement policies, regulatory changes, competitive pressures on average selling prices, and the other risks detailed in Biosite's most recent Annual Report on Form 10-K, as amended, and other SEC filings. Biosite disclaims, any intent or obligation to update these forward-looking statements. Copies of Biosite's public disclosure filings are available from its investor relations department. Biosite(R), Triage(R) and New Dimensions in Diagnosis(R) are registered trademarks of Biosite Incorporated. The Company's logo is a trademark of Biosite Incorporated. (i) Singri et al, Acute Renal Failure, JAMA Feb 12, 2003 - Vol 289, No. 6: 747-751 (ii) Mehta et al, Acute renal failure definitions and classification: time for change?, J Am Soc Nephrol, 14:2178-2187, 2003 (iii) Mishra et al, Neutrophil gelatinase-associated lipocalin (NGAL) as a biomarker for acute renal injury following cardiac surgery, Lancet 2005; 365: 1231-1238 DATASOURCE: Biosite Incorporated CONTACT: Nadine Padilla, VP, Corporate & Investor Relations of Biosite Incorporated, +1-858-455-4808, ext. 3187, ; or Amy Reyes of Cincinnati Children's Hospital Medical Center, +1-513-636-9684, Web site: http://www.biosite.com/ http://www.cincinnatichildrens.org/ Company News On-Call: http://www.prnewswire.com/comp/116737.html

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