Albany Medical College and Aegis Therapeutics Form Partnership to Advance Leading Edge Oral Breast Cancer Drug Candidate

Albany Medical College and Aegis Therapeutics Form Partnership to Advance Leading Edge Oral Breast Cancer Drug Candidate Derived From a Natural Pregnancy Associated Protein

SAN DIEGO, CA--(Marketwire - May 10, 2011) - Scientists at Albany Medical College have developed a potential new breast cancer drug based on a naturally occurring protein of human pregnancy. The drug inhibits the growth of cancer cells more effectively in preclinical studies than does the leading anti-breast cancer drug tamoxifen, and does not cause the side effects that tamoxifen does. In studies of human breast cancers transplanted into mice, this new drug stopped tumor growth completely and there were no adverse side effects even when given to the tumor-bearing mice at doses 200 times above its effective dose. The drug, referred to as AFPep because it is a peptide derived from the naturally occurring human pregnancy protein -- alpha-fetoprotein (AFP), works differently from any of the drugs currently in use for treatment of breast cancer.

Because peptides are typically destroyed in the stomach by normal digestive processes and thus poorly absorbed into the blood stream, they are shunned by some pharmaceutical companies in spite of their potential for excellent specificity, high potency, and lack of chemical toxicity. Recent publications by Aegis Therapeutics have shown that peptide-based drugs can be effectively administered orally achieving systemic bioavailabilities of 50% to 100% compared to injection when administered using Aegis' patented Intravail® formulation technology. AFPep's oral availability has been demonstrated and it is expected to be administered once daily as a single tablet or capsule. Scientists at Albany and Aegis believe that the combination of these technologies will make it practical for pharmaceutical companies to move this unique, non-toxic, and highly promising drug forward into human trials.

Based on preclinical studies, it has been found that AFPep is effective against estrogen receptor positive breast cancers, which comprise approximately two thirds of all breast cancers. AFPep also works additively in combination with tamoxifen against breast cancer growth. It further supplements tamoxifen by reducing the worrisome side effect of uterine growth induced by tamoxifen. Moreover, AFPep inhibits the growth of breast cancers even when they have become resistant to tamoxifen. Development of tamoxifen resistance occurs frequently after prolonged administration of this drug to breast cancer patients, and AFPep would offer an additional agent to women in whom tamoxifen resistance has occurred. The lack of toxicity from AFPep seen to date, and anticipated in human studies, suggests that AFPep has the potential to also be useful as a chemopreventive agent for women who are at high risk for acquiring breast cancer as well as a new treatment agent for shrinkage of existing tumors and prevention of recurrence in patients who have had a tumor removed.

In today's risk-averse environment, most venture investors and pharmaceutical companies are reluctant to consider developing new drugs, no matter how promising the prospect, unless they see human clinical data. While AFPep has not yet been tested in patients, pregnancy provides a compelling clue to its effectiveness. Epidemiologic data show that the full length AFP protein which arises in a mother's bloodstream during pregnancy (and from which AFPep was derived) leads to a reduction of breast cancer incidence throughout life. Singleton pregnancies in which AFP levels are found to be higher than normal, and twin pregnancies in which AFP levels are twice those in singleton pregnancies, are seen to afford the greatest breast cancer risk reduction. It was these observations that led scientists, Drs. James Bennett, Thomas Andersen and Herbert Jacobson at Albany Medical College to study the underlying mechanism of breast cancer protection by the full-length AFP and to identify the very small portion, representing a mere 1.5% of the full length protein that gives rise to the breast cancer protection effect. All studies to date support the proof of concept that AFPep captures this pregnancy-based breast cancer protection in a small pill, and will provide significant benefit to women fighting this dreadful disease. Aegis Therapeutics will begin seeking an appropriate licensee capable of efficiently completing development and securing regulatory approval of this highly promising new drug to make it available to patients in the shortest possible time.

About Aegis Therapeutics
Aegis Therapeutics commercializes its patented drug delivery and drug formulation technologies through product specific licenses. Our Intravail® technology enables the non-invasive delivery of a broad range of protein, peptide and non-peptide macromolecular therapeutics that can currently only be administered by injection with exceptionally high and unmatched bioavailability. Our ProTek® technology provides proprietary, easily manufacturable, aqueous dosage forms that are stable at elevated temperature and that reduce unwanted immunogenicity of many protein and peptide therapeutics.

About Albany Medical College
Albany Medical College, one of the nation's oldest medical schools, is part of Albany Medical Center, which also includes the Albany Medical Center Hospital, one of upstate New York's largest teaching hospitals, and the Albany Medical Center Foundation, Inc., one of the Capital Region's most active fundraising organizations. The institution has a three-fold mission of patient care, biomedical research and medical education.

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