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Clinuvel Newsletter May 2011 - Clinuvel Pharmaceuticals

Clinuvel Newsletter May 2011 - Clinuvel Pharmaceuticals

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<strong>Clinuvel</strong> Communiqué<br />

MAY <strong>2011</strong><br />

CONTENTS<br />

CEO’S OVERVIEW<br />

CEO’s Overview 1<br />

Confirmatory EPP studies complete in the US & Europe 2<br />

INSPIRE vitiligo program update 2<br />

Guest bloggers and new video releases 3<br />

Share price and financials 3<br />

CLINUVEL REPRESENTATION<br />

AT SCIENTIFIC & FINANCIAL EVENTS<br />

RECENT:<br />

• 29th Annual JP Morgan Healthcare Conference – San Francisco, US<br />

(January 11-14)<br />

• <strong>Clinuvel</strong>’s third Annual Scientific and Clinical Excellence Meeting<br />

(ASCEM III) – Luzern, Switzerland (January 23-24)<br />

• 4th Annual Sachs Associates European Life Science CEO Forum –<br />

Zürich, Switzerland (January 25-26)<br />

• 69th Annual Meeting of the American Academy of Dermatology –<br />

New Orleans, US (February 4-8)<br />

• BIO-Europe Spring <strong>2011</strong> – Milan, Italy (March 14-16)<br />

• Porphyrias and Porphyrins <strong>2011</strong> – Cardiff, Wales (April 11-14)<br />

• Generational Dermatology Summit – New York, US (April 29-<strong>May</strong> 1)<br />

At a final stage of preparing <strong>Clinuvel</strong>’s regulatory filing in Europe,<br />

many activities take place in-house to optimise a successful outcome.<br />

To arrive at this stage is truly remarkable as we took less than five<br />

years of development since starting the program in erythropoietic<br />

protoporphyria (EPP).<br />

In this newsletter, I shall take you back to the sequence of events the<br />

past quarter.<br />

We welcomed Eli Ishag as new Board member, providing the<br />

Board additional commercial input at this stage of preparing the<br />

commercialization of SCENESSE® (afamelanotide).<br />

In January we organized the third ACSEM in Luzern, where world’s<br />

leading clinicians, scientists and experts in the fields of alpha-MSH,<br />

cell biology and dermal carcinogenesis attended. This meeting<br />

has become a forum of excellence where the latest developments<br />

and insights are being discussed and presented. Additionally, our<br />

scientific teams exchange views on the application of afamelanotide<br />

in the clinic. It is essential to <strong>Clinuvel</strong>’s existence to obtain regular<br />

and unbiased feedback on the use of SCENESSE®.<br />

This quarter we learned about the progressive adoption of<br />

SCENESSE® by Italian EPP patients, whereby we recorded for the<br />

first time sales of the drug in a European country. Feedback is<br />

excellent, and patients and physicians report an increase demand for<br />

SCENESSE®. Italy serves as a good benchmark for years to come.<br />

UPCOMING:<br />

• World Congress of Dermatology – Seoul, Korea (<strong>May</strong> 24-29)<br />

• World Orphan Drug Summit – Frankfurt, Germany (<strong>May</strong> 31-June 1)<br />

• XXIst International Pigment Cell Conference – Bordeaux, France<br />

(September 21-24)<br />

• 20th Congress of the European Association of Dermatology and<br />

Venereology (EADV) – Lisbon, Portugal (October 20-24)<br />

After discussions with FDA in January and February, we altered<br />

the vitiligo program (INSPIRE) with separate European and<br />

US trial protocols (CUV101 and CUV102). The US trial, which<br />

commenced recruitment last week, will see patients administered<br />

four afamelanotide doses to ‘active’ cohorts over six months. EU<br />

centers, awaiting Ethics approval for a further amendment, will<br />

administer six afamelanotide doses over six months. The combination<br />

of SCENESSE® with narrowband UVB has set high expectations<br />

(Continued on Page 2)


<strong>Clinuvel</strong> Communiqué <strong>May</strong> <strong>2011</strong><br />

among the medical and patient community as witnessed by the high<br />

online demand for information and we will provide further updates as<br />

approvals warrant.<br />

The highlight of the past weeks was undoubtedly our submission of<br />

documentation to the European Medicines Agency (EMA) and<br />

its respective committee COMP. Early <strong>May</strong> <strong>Clinuvel</strong> was invited to<br />

attend a meeting in London to discuss the dossier on SCENESSE® in<br />

the use of EPP. As you will know by now, the outcome was positive<br />

and <strong>Clinuvel</strong> was given positive feedback on the quality of its dossier,<br />

whereby the results of our confirmatory EPP studies (CUV029 and<br />

CUV030) would be the final determinants of efficacy. After five<br />

years of starting this program, the outcome summarises a collective<br />

achievement from the <strong>Clinuvel</strong> teams across Australia, Europe and the<br />

US. At times, and much to my personal frustration, to have to await<br />

lengthy regulatory procedures the clock seemed to be ticking slower<br />

than desired, however against industry benchmarks to be able to file<br />

within five years of commencement is a great moment. Pending the<br />

outcome of these clinical results, <strong>Clinuvel</strong> aims to lodge its European<br />

filing before January 1 2012.<br />

We are now awaiting the final results of CUV029 and CUV030<br />

anticipated the next weeks to months. This will ultimately show us<br />

whether SCENESSE® is effective in EU and US patients to prevent or<br />

reduce their symptoms. Additionally, we will release PLE (CUV032)<br />

results which will serve as safety data to our filing. An interim<br />

analysis on CUV011, actinic keratosis and squamous cell carcinoma in<br />

immunocompromised transplant patients, is under way and expected<br />

this year.<br />

The demand for our drug is high. We are all aware of this and our<br />

relentless commitment is to demonstrate that SCENESSE® deserves<br />

a position in the pharmaceutical list of reimbursable drugs. Clinical<br />

response has been excellent; the challenge remains to obtain approval<br />

in Europe first, followed by the US (FDA). <strong>Clinuvel</strong> has entered a final<br />

stage, a unique position where not many companies have arrived.<br />

I thank you for your patience and ongoing support, drug<br />

development requires a long term view from all of us, but will be<br />

rewarding for patients and investors.<br />

Philippe Wolgen<br />

CONFIRMATORY EPP STUDIES COMPLETE IN THE US &<br />

EUROPE<br />

Results from CUV029 and CUV030 are due in the coming months<br />

and the company expects them to add to the first dossier for a<br />

marketing authorisation application with the European Medicines<br />

Agency. Discussions are still ongoing with the FDA to set the next<br />

steps for <strong>Clinuvel</strong>’s US EPP program.<br />

INSPIRE VITILIGO PROGRAM UPDATE<br />

Vitiligo is a disease which causes white or off-white depigmented<br />

skin lesions to appear on different parts of the body due to a loss of<br />

melanin (pigment) production. This disorder may spread over time<br />

and cause patients significant psychological and emotional distress.<br />

In March, <strong>Clinuvel</strong> announced that the US Food and Drug<br />

Administration (FDA) and the Italian Medicines Agency (AIFA)<br />

had allowed the company to commence a pilot Phase II study of<br />

SCENESSE® (afamelanotide) in patients diagnosed with nonsegmental<br />

vitiligo, the most common form of the disease which affects over 45<br />

million individuals globally.<br />

The International SCENESSE® Pilot Repigmentation Evaluation<br />

(INSPIRE) program will evaluate the efficacy of SCENESSE® as<br />

a combination therapy with narrowband ultraviolet B (NB-UVB)<br />

phototherapy compared to NB-UVB alone. The goal of the trial is to<br />

determine whether SCENESSE® will reduce the total dose of radiation<br />

(NB-UVB) and the time required to reactivate skin pigment producing<br />

cells in vitiliginous lesions.<br />

Following further discussions with regulators, <strong>Clinuvel</strong> took the<br />

decision to run parallel protocols in Europe and the US (CUV101 and<br />

CUV102 respectively). These protocols will provide results on the<br />

safety and efficacy of the drug when given every 28 days alongside<br />

six months’ NB-UVB phototherapy (CUV101) and when dosing<br />

commences two months into a six month NB-UVB treatment regime<br />

(CUV102). Each study site will recruit approximately 20 patients, with<br />

50% of the patients treated with NB-UVB alone, and 50% treated in<br />

combination with SCENESSE®.<br />

Further amendments have been made to broaden the potential<br />

patient population, a reflection of feedback from the patient and<br />

medical communities asking for the inclusion of patients who have<br />

undergone previous treatment for their vitiligo. These amendments<br />

have lead to delays in the INSPIRE program, but are expected to<br />

generate quality clinical data from which we can evaluate SCENESSE’s<br />

potential as a vitiligo therapy.<br />

The company announced in February that all patient visits for the<br />

first Phase II study of SCENESSE® (afamelanotide) to be conducted<br />

in the US had been completed. The study (CUV030) – a six month,<br />

randomised, placebo-controlled trial – was designed to further<br />

evaluate the safety and efficacy of SCENESSE® in reducing the<br />

number and severity of phototoxic skin reactions in patients with the<br />

rare light intolerance disorder erythropoietic protoporphyria (EPP).<br />

The protocol of CUV030 closely followed that of a confirmatory<br />

Phase III study being conducted in European sites (CUV029). All<br />

patient visits for the CUV030 and CUV029 have completed and data<br />

collection and management is under way.<br />

In the last week, our first US site has commenced recruitment for<br />

CUV102. Two further US sites are expected to commence recruitment<br />

shortly. European protocol amendments are currently being evaluated<br />

by the relevant regulatory authorities with the first patients expected<br />

to commence across the three sites (France, Italyand Switzerland) in<br />

June.<br />

For more information on <strong>Clinuvel</strong>’s vitiligo program, log onto http://<br />

www.clinuvel.com/vitiligo<br />

Page 2


<strong>Clinuvel</strong> Communiqué <strong>May</strong> <strong>2011</strong><br />

GUEST BLOGGERS AND NEW VIDEO RELEASES<br />

Over recent months the team has invited several individuals to<br />

share their experiences of erythropoietic protoporphyria (EPP),<br />

polymorphous light eruption (PLE) and vitiligo on the company’s blog.<br />

You can read all of these posts at http://www.clinuvel.com/en/blog/<br />

guest/<br />

To improve awareness of EPP and vitiligo online, the company has<br />

released two new videos since April.<br />

The first Burning in the Shadows is the latest in a series of videos<br />

featuring Mikey, an Australian man with EPP. Mikey explains there is<br />

no escape from light when outside for those with EPP and that even<br />

in the shadows he has been in agony from reflected light alone.<br />

The second video, Understanding vitiligo, explores established and<br />

recent theories that explain what causes vitiligo, a disease which is<br />

still not fully understood by the medical community.<br />

To view these videos, log on to the <strong>Clinuvel</strong> website or our Youtube<br />

channel at http://www.youtube.com/photoprotection.<br />

SHARE PRICE AND FINANCIALS<br />

Shares on issue<br />

30,381,706<br />

<strong>Clinuvel</strong> is listed on XETRA (UR9) and<br />

has a level 1 ADR (CLVLY)<br />

Average monthly cash burn Jan-Mar ‘11<br />

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