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ANNUAL REPORT - Pevion Biotech AG

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PRODUCT DEVELOPMENT<br />

2005 <strong>ANNUAL</strong> <strong>REPORT</strong><br />

“The development of lyophilized virosomes is a very exciting step<br />

forward for <strong>Pevion</strong> <strong>Biotech</strong>. It will result in a new generation of virosomes<br />

and open up new attractive opportunities in the field of prophylactic and<br />

therapeutic vaccines.”<br />

Dr. Rinaldo Zurbriggen, CSO <strong>Pevion</strong> <strong>Biotech</strong><br />

Clinical development<br />

<strong>Pevion</strong> <strong>Biotech</strong> has highly efficient and flexible development processes that<br />

meet industrial standards. Together with appropriate resources (e.g. access<br />

to a GMP pilot facility for the production of virosome-formulated vaccines<br />

for clinical use), these processes enable an accelerated and productorientated<br />

development through clinical Phase I/II. This was shown when the<br />

company started its first clinical trial only two years after its founding and<br />

completed testing with all endpoints achieved two years later in 2004. The<br />

malaria vaccine candidate entered clinical phase II in 2005.<br />

Identification and selection of new product candidates<br />

<strong>Pevion</strong> <strong>Biotech</strong> is dedicated to accelerating the selection and preclinical<br />

development of new vaccine candidates by targeting a range of unmet<br />

medical needs. Resource-intensive and costly antigen identification and<br />

validation are performed by external partners. In 2005 <strong>Pevion</strong> <strong>Biotech</strong><br />

actively developed six product candidates, and it is continuously screening<br />

the market for potential new antigen targets to be combined with its carrier<br />

platform. Promising target antigens in terms of medical need, market<br />

potential, expected clinical development time as well as technical feasibility<br />

will be formulated with <strong>Pevion</strong> <strong>Biotech</strong>’s virosomes, and the efficacy of the<br />

resulting product candidates will be evaluated in small animal models.<br />

Life cycle management of virosome technology<br />

Although virosome technology already has an extended application area<br />

(e.g. delivery function), <strong>Pevion</strong> <strong>Biotech</strong> sees great potential for an even<br />

broader spectrum for virosomes in pharmaceutical applications. New<br />

indications will challenge virosome technology and <strong>Pevion</strong> <strong>Biotech</strong> will<br />

promote the constant improvement of its technology. An example is the<br />

recent groundbreaking innovation, the “lyophilization of virosomes”, which<br />

improves the stability and formulation of pharmaceutically active substances<br />

in virosome technology.<br />

<strong>Pevion</strong> <strong>Biotech</strong>_Annual Report2005_01_01_04_004 6/13

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