SUMMIT, N.J.--(BUSINESS WIRE)--March 25, 2008--Celgene Corporation
(NASDAQ: CELG) today announced that Amrubicin has been granted orphan
drug designation by the U.S. Food and Drug Administration (FDA) for
the treatment of small cell lung cancer.
FDA's Orphan Drug Act was designed to encourage the development of
products that demonstrate promise for the diagnosis, prevention and/or
treatment of life-threatening or very serious conditions that are rare
and affect 200,000 persons or less in the United States. Orphan drug
designation provides an important economic incentive for the
development of new products in the cancer field. U.S. orphan drug
designation provides for seven years of market exclusivity, reduction
in regulatory fees, and additional regulatory support for R&D
initiatives.
"The decision by the FDA to grant Amrubicin orphan drug
designation in this critical area of oncology advances our efforts to
deliver innovative therapies to patients in areas of unmet medical
need and represents the first such milestone in the area of solid
tumor cancers," said Graham Burton M.D., SVP, Global Regulatory
Affairs and Pharmacovigilance for Celgene Corporation. "We will
continue to work diligently with regulators as we advance this
promising next generation anthracycline through clinical development."
About Amrubicin
Amrubicin is a third-generation, synthetic anthracycline analogue
that has demonstrated substantial clinical efficacy in the treatment
of small cell lung cancer. Amrubicin is a potent topoisomerase II
inhibitor and is being studied as a single agent and in combination
with anti-cancer therapies for a variety of solid tumors, including
lung and breast cancers.
Amrubicin is currently approved and marketed in Japan for the
treatment of small cell lung cancer by Nippon Kayaku, a Japanese
pharmaceutical firm focused on oncology, which licensed Japanese
marketing rights from Dainippon Sumitomo, the original developer of
the therapy. Dainippon Sumitomo also licensed the U.S. and European
rights of Amrubicin to Pharmion Corporation, which was acquired by
Celgene Corporation in 2008.
About Small Cell Lung Cancer
Small cell lung cancer is a disease in which malignant cells form
in the tissues of the lung, and which occurs almost exclusively in
people who smoke. While small cell lung cancer constitutes
approximately 15 percent of all lung cancers, SCLC tends to be more
aggressive and fast growing than the more common non-small cell lung
cancer. Of the estimated 65,000 patients diagnosed with SCLC each year
in the US and EU, approximately 60 percent of patients have extensive
disease at diagnosis, and the remaining 40 percent present with
localized, or limited stage, disease.
About Celgene
Celgene Corporation, headquartered in Summit, New Jersey, is an
integrated global pharmaceutical company engaged primarily in the
discovery, development and commercialization of innovative therapies
for the treatment of cancer and inflammatory diseases through gene and
protein regulation. For more information, please visit the Company's
website at www.celgene.com.
This release contains forward-looking statements which are subject
to known and unknown risks, delays, uncertainties and other factors
not under the Company's control, which may cause actual results,
performance or achievements of the Company to be materially different
from the results, performance or other expectations expressed or
implied by these forward-looking statements. These factors include
results of current or pending research and development activities,
actions by the FDA and other regulatory authorities, and other factors
described in the Company's filings with the Securities and Exchange
Commission such as our 10K, 10Q and 8K reports.
CONTACT:
Celgene Corporation
David Gryska, 908-673-9059
Senior Vice President and
Chief Financial Officer
or
Brian P. Gill, 908-673-9530
Vice President
Corporate Communications
SOURCE: Celgene Corporation