ID Biomedical (NASDAQ:IDBE)
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ID Biomedical announces the beginning of a U.S. phase I clinical
trial for plague vaccine candidate
VANCOUVER, BC, Jan. 10 /PRNewswire-FirstCall/ -- ID Biomedical Corporation
(TSX: IDB; NASDAQ: IDBE) announced today the beginning of a phase I clinical
trial for a recombinant injectable plague vaccine candidate. The project is
headed by DVC LLC, with ID Biomedical serving as the manufacturing development
partner. ID Biomedical began its collaboration with DVC in 2003 for the
development of a subunit plague vaccine; the three contracts awarded to IDB
include analytic and process development, and manufacturing activities related
to producing the vaccine under current Good Manufacturing Practices (GMP). DVC
is the prime systems contractor for the Department of Defense Joint Vaccine
Acquisition Program (JVAP).
The open-label study will evaluate the safety, tolerability and immunogenicity
of the vaccine candidate in healthy volunteers between the ages of 18 and 40.
Testing is underway and will continue into 2005 at the University of Kentucky
Chandler Medical Center in Lexington, Kentucky.
The plague vaccine candidate is designed to provide protection against the
plague bacterium Yersinia pestis, and was originally identified and developed
by scientists working at the U.S. Army Medical Research Institute of Infectious
Diseases (USAMRIID). Their work involved the identification of suitable protein
antigens and the initial research of the processes used to assess the
performance of the vaccine. Further development of the processes to produce and
test the vaccine, as well as GMP manufacturing of the candidate antigen, was
performed by ID Biomedical.
"We are delighted to participate in a project that has the potential to serve
significant needs in the U.S. biodefense program. Our experience in subunit
vaccine development, coupled with our proprietary manufacturing technology, has
been critical to the initiation of this clinical trial. This project adds to
our biodefense assets and is another positive step in the building of this
business unit," said George Lowell, MD COL, USA (ret.), Chief Scientific
Officer, Biodefense of ID Biomedical.
About Plague
The Plague is an infectious disease caused by the bacterium Yersinia Pestis.
There have been over 150 recorded plague epidemics or pandemics. It is
recognized as a major potential bioterrorism threat if it is spread in the air
(aerosolized) because when the bacterium is inhaled into the lungs it causes an
aggressive pneumonia that is nearly always fatal. Human to human infection
occurs when a person with plague pneumonia coughs and spreads the bacteria into
the air, which is then inhaled by others. Diagnosis of plague pneumonia is
difficult because early symptoms are similar to the flu.
There is currently no licensed plague vaccine in the United States. The
development of plague vaccines is addressed in the NIH's National Institute of
Allergy and Infectious Diseases' Strategic Plan for Biodefense Research. Plague
vaccine development is one of six priority research areas intended to
accelerate the creation of new products to combat bioterrorism.
About DVC
DVC LLC, a CSC company, is a biopharmaceutical company dedicated to the
development and licensure of safe and efficacious biodefense vaccines for the
Department of Defense and civilian populations. As the prime systems contractor
for the Joint Vaccine Acquisition Program, DVC engages the expertise of
subcontractors, research centers and biologics development industry leaders.
About ID Biomedical
ID Biomedical is an integrated biotechnology company dedicated to the
development of innovative vaccine products. It operates in research,
development, manufacturing, sales and marketing from its facilities in Canada
and in the United States. ID Biomedical is dedicated to becoming a premier
vaccine company with significant marketed products worldwide and an extensive
pipeline in both clinical and preclinical development.
ID Biomedical has a leading position in the Canadian influenza market. It
received a ten-year mandate from the Government of Canada in 2001 to assure a
state of readiness in the case of an influenza pandemic and provide influenza
vaccine for all Canadians in such an event. It also currently supplies
approximately 75% of the Canadian government's influenza vaccine purchases.
For further information on ID Biomedical, please visit the Company's website at
http://www.idbiomedical.com/.
The information in this news release contains so-called "forward-looking"
statements. These include statements regarding ID Biomedical's expectations and
plans relating to the closing of the loan transaction and the repurchase of the
subscription receipts described herein, statements about ID Biomedical's
expectations, beliefs, intentions or strategies for the future, which may be
indicated by words or phrases such as "anticipate", "expect", "intend", "plan",
"will", "we believe", "ID Biomedical believes", "management believes", and
similar language. All forward-looking statements are based on ID Biomedical's
current expectations and are subject to risks and uncertainties and to
assumptions made. Important factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking statements
include: (i) the company's ability to successfully integrate the Shire vaccine
business; (ii) the company's ability to successfully complete preclinical and
clinical development of its products; (iii) the company's ability to
manufacture its products; (iv) the seasonality of the flu-vaccine business and
related fluctuations in the company's revenues from quarter to quarter; (v)
decisions, and the timing of decisions, made by the health regulatory agencies
regarding approval of its products for human testing; (vi) the company's
ability to enter into distribution agreements for its products, and to complete
and maintain corporate alliances relating to the development and
commercialization of its technology and products; (vii) market acceptance of
its technologies and products; and (viii) the competitive environment and
impact of technological change and other risks detailed in the company's
filings with the Securities and Exchange Commission. ID Biomedical bases its
forward-looking statements on information currently available to it, and
assumes no obligation to update them.
For further information, please contact:
Investor Relations/Media - Dean Linden, (604) 431-9314,
; Michele Roy, (450) 978-6313,
DATASOURCE: ID Biomedical Corporation
CONTACT: Investor Relations/Media - Dean Linden, (604) 431-9314,
; Michele Roy, (450) 978-6313,
;
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