UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 11, 2009 |
REGENERON PHARMACEUTICALS, INC. |
(Exact Name of Registrant as Specified in Charter) |
New York | 000-19034 | 13-3444607 | ||
(State or other jurisdiction of | (Commission File No.) | (IRS Employer Identification No.) | ||
Incorporation) | ||||
777 Old Saw Mill River Road, Tarrytown, New York 10591-6707 | ||
(Address of principal executive offices, including zip code) | ||
(914) 347-7000 | ||
(Registrant's telephone number, including area code) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events.
On June 11, 2009, Regeneron Pharmaceuticals, Inc., together with sanofi-aventis, issued a press release announcing preliminary results of a randomized, placebo-controlled Phase 2 Study of aflibercept (VEGF Trap) in advanced ovarian cancer patients with recurrent symptomatic malignant ascites. A copy of this press release is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release dated June 11, 2009.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
REGENERON PHARMACEUTICALS, INC. |
Date: June 11, 2009 |
By: | /s/ Stuart Kolinski | |
Name: Stuart Kolinski | ||
Title: Senior Vice President and General Counsel |
Exhibit Index
Exhibit No. | Description | |
99.1 | Press Release dated June 11, 2009. |
Exhibit 99.1
FOR IMMEDIATE RELEASE
Press Release
Sanofi-aventis and Regeneron Announce Results from Phase 2 Study with Aflibercept (VEGF Trap) in Advanced Ovarian Cancer Patients with Recurrent Symptomatic Malignant Ascites
Paris, France and Tarrytown, NY (June 11, 2009) Sanofi-aventis (Euronext: SAN and NYSE: SNY) and Regeneron Pharmaceuticals, Inc. (Nasdaq: REGN) today announced that advanced ovarian cancer patients with recurrent symptomatic malignant ascites (SMA) receiving aflibercept (VEGF Trap) in a randomized, placebo-controlled Phase 2 study experienced a statistically significant improvement in the primary study endpoint, mean time to first repeat paracentesis (removal of fluid from the abdominal cavity), versus placebo control. Symptomatic malignant ascites is an abnormal build-up of fluid in the abdominal cavity in patients with advanced cancer.
Mean time to first repeat paracentesis following a baseline procedure was 55 days with aflibercept as compared to 23 days for patients receiving placebo (p=0.0019). Time to first repeat paracentesis was defined as the number of days between study randomization and the first post-randomization paracentesis or, in cases where there was no repeat paracentesis, study withdrawal, death, or six months from randomization.
There was a similar incidence of deaths in both treatment groups (no statistically significant difference; hazard ratio 1.02). In this late-stage patient population with advanced ovarian cancer who were heavily pre-treated (median of four prior courses of chemotherapy), four fatal events were assessed by the investigators as aflibercept treatment related, including one case each of intestinal perforation, dyspnea, pneumonia, and cause unknown.
The types and frequencies of adverse events reported with aflibercept in this study were generally consistent with those reported in clinical studies with other anti-VEGF therapies in advanced ovarian cancer patients.
"The results of this Phase 2, placebo-controlled study demonstrate that aflibercept is a clinically active agent in patients with advanced ovarian cancer with symptomatic malignant ascites. However, given the small number of patients enrolled in this study and the fragile health status of these advanced ovarian cancer patients, who had a median survival of only about three to four months, it is difficult to definitively assess the overall clinical benefit that might be derived from treatment in the real-world clinical practice setting, stated George D. Yancopoulos, M.D., Ph.D., President of Regeneron Research Laboratories. Therefore, we and sanofi-aventis have decided not to submit these Phase 2 data for accelerated approval in symptomatic malignant ascites. We will focus our efforts on completing the current Phase 3 program which combines aflibercept with standard chemotherapy regimens for the treatment of earlier stage metastatic colorectal, non-small cell lung, pancreatic, and prostate cancers, which should begin delivering data in 2010.
About the Phase 2
Study
This double-blind,
placebo-controlled, multi-center Phase 2 trial enrolled 55 patients with
symptomatic malignant ascites, related to advanced ovarian cancer, who had
failed a prior platinum-based chemotherapy regimen and who had also received
chemotherapy treatment with either liposomal doxorubicin or topotecan. All
patients had to have undergone between one and four prior paracenteses in the
month prior to randomization in addition to a baseline procedure. Twenty-nine
patients were randomized to receive aflibercept administered intravenously as 4
milligrams per kilogram of patient body weight (mg/kg) and 26 patients were
randomized to placebo. Patients were dosed every two weeks. In this study the
double-blind treatment period was defined as the earliest of the date of death,
withdrawal from the study, six months, or entry into open-label treatment. All
patients were offered the opportunity to receive open-label aflibercept after 60
days of double-blind treatment provided that at least one post-randomization
paracentesis had occurred.
There was a statistically significant 2.4-fold lengthening of time to first repeat paracentesis with aflibercept as compared to placebo. Pre-specified secondary endpoint results were consistent with this primary endpoint finding. The frequency of paracentesis over the first 60 days of the study was reduced, on average, by nearly 50 percent in patients receiving aflibercept versus those receiving placebo (p=0.0035). Patient-reported symptoms of ascites, including abdominal discomfort, pain, and bloating, as well as patients ability to move, were recorded daily from the time of randomization to the time of first repeat paracentesis. Among those patients for whom baseline and follow-up data were available, the cumulative symptoms score results demonstrated a statistically significant improvement in symptoms with aflibercept as compared to placebo.
Severe (Grade 3 or 4) adverse events (AEs) that occurred at a frequency of at least 10 percent in patients who received either aflibercept or placebo were as follows (aflibercept vs. placebo): fatigue or asthenia (13% vs. 44%), dyspnea (20% vs. 8%), peripheral edema (7% vs. 12%), anorexia (7% vs. 12%), dehydration (10% vs. 12%), and hypocalcemia (10% vs. 0%). Grade 3/4 hypertension and proteinuria occurred at a frequency of 7 percent in the aflibercept group. There were four fatal gastrointestinal events reported in the double-blind period of the study. The events include three intestinal perforations in the aflibercept group (10 percent of aflibercept safety population; only one of which was assessed by the investigators as treatment related) and one intestinal fistula in the placebo group (4 percent of placebo safety population).
The results reported are from a preliminary analysis. A full analysis of the final study results will be presented at a future medical meeting.
About Symptomatic Malignant
Ascites
Symptomatic malignant ascites is an
abnormal build-up of fluid in the abdominal cavity in patients with advanced
cancer. In ovarian cancer patients, malignancies can spread throughout the
abdominal cavity. In these patients the accumulation of fluid is the result of
increased vascular permeability and blockage of the lymphatic channels that
regulate the volume of intraperitoneal fluid. Ascites can cause pain,
discomfort, limitations on mobility, interference with normal breathing, and
other symptoms that impact patients ability to function. Paracentesis, a common
surgical procedure used to remove excess fluid from the abdominal cavity in
patients with advanced ovarian cancer, can provide immediate symptomatic relief,
but its effects are generally short-lived; on average, several liters of fluid
need to be withdrawn as often as every one to two weeks. Paracentesis can be
associated with hypotension, peritonitis, pulmonary embolism, visceral/vascular
injury, and malnourishment.
About Aflibercept (VEGF
Trap)
Aflibercept is an antiangiogenesis
inhibitor with a unique mechanism of action. This fusion protein binds all forms
of Vascular Endothelial Growth Factor-A (VEGF-A), VEGF-B, and placental growth
factor (PIGF), another angiogenic growth factor that appears to play a role in
tumor angiogenesis and inflammation. Aflibercept has been shown to bind VEGF-A,
VEGF-B, and PlGF with higher affinity than their natural receptors.
About the Phase 3 Development Program
for Aflibercept
Aflibercept is currently
in Phase 3 clinical development in combination with standard chemotherapy in the
following indications:
Each study is over 60 percent enrolled. Initial data from the Phase 3 program is expected to begin to be available in 2010.
About
sanofi-aventis
Sanofi-aventis, a leading
global pharmaceutical company, discovers, develops, and distributes therapeutic
solutions to improve the lives of everyone. Sanofi-aventis is listed in Paris
(EURONEXT PARIS: SAN) and in New York (NYSE: SNY).
About Regeneron Pharmaceuticals,
Inc.
Regeneron is a fully integrated
biopharmaceutical company that discovers, develops, and commercializes medicines
for the treatment of serious medical conditions. In addition to
ARCALYST® (rilonacept) Injection for Subcutaneous Use, its first commercialized
product, Regeneron has therapeutic candidates in clinical trials for the
potential treatment of cancer, eye diseases, inflammatory diseases, and pain,
and has preclinical programs in other diseases and disorders. Additional
information about Regeneron and recent news releases are available on
Regeneron's web site at www.regeneron.com.
Forward Looking Statement -
sanofi-aventis
This press release
contains forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995, as amended. Forward-looking statements are
statements that are not historical facts. These statements include product
development, product potential projections and estimates and their underlying
assumptions, statements regarding plans, objectives, intentions and expectations
with respect to future events, operations, products and services, and statements
regarding future performance. Forward-looking statements are generally
identified by the words "expects," "anticipates," "believes," "intends,"
"estimates," "plans" and similar expressions. Although sanofi-aventis'
management believes that the expectations reflected in such forward-looking
statements are reasonable, investors are cautioned that forward-looking
information and statements are subject to various risks and uncertainties, many
of which are difficult to predict and generally beyond the control of
sanofi-aventis, that could cause actual results and developments to differ
materially from those expressed in, or implied or projected by, the
forward-looking information and statements. These risks and uncertainties include
among other things, the uncertainties inherent in research and development,
future clinical data and analysis, including post marketing, decisions by
regulatory authorities, such as the FDA or the EMEA, regarding whether and when
to approve any drug, device or biological application that may be filed for any
such product candidates as well as their decisions regarding labeling and other
matters that could affect the availability or commercial potential of such
products candidates, the absence of guarantee that the products candidates if
approved will be commercially successful, the future approval and commercial
success of therapeutic alternatives as well as those discussed or identified in
the public filings with the SEC and the AMF made by sanofi-aventis, including
those listed under "Risk Factors" and "Cautionary Statement Regarding
Forward-Looking Statements" in sanofi-aventis' annual report on Form 20-F for
the year ended December 31, 2008. Other than as required by applicable law,
sanofi-aventis does not undertake any obligation to update or revise any
forward-looking information or statements.
Forward Looking
Statement -
Regeneron Pharmaceuticals, Inc.
This
news release discusses historical information and includes forward-looking
statements about Regeneron and its products, development programs, finances, and
business, all of which involve a number of risks and uncertainties, such as
risks associated with preclinical and clinical development of aflibercept,
determinations by regulatory and administrative governmental authorities which
may delay or restrict Regenerons ability to continue to develop or
commercialize aflibercept, competing drugs that are superior to aflibercept,
uncertainty of market acceptance of aflibercept, the potential for any
collaboration agreement, including Regenerons agreements with the
sanofi-aventis Group and Bayer HealthCare, to be canceled or to terminate
without any product success, risks associated with third party intellectual
property, and other material risks. A more complete description of these and
other material risks can be found in Regeneron's filings with the United States
Securities and Exchange Commission (SEC), including its Form 10-K for the year
ended December 31, 2008 and Form 10-Q for the quarter ending March 31, 2009.
Regeneron does not undertake any obligation to update publicly any
forward-looking statement, whether as a result of new information, future
events, or otherwise unless required by law.
###
Contact Information:
Regeneron:
Peter Dworkin
Investor
Relations
914.345.7640
peter.dworkin@regeneron.com
Laura Lindsay
Media
Relations
914.345.7800
laura.lindsay@regeneron.com
sanofi-aventis:
Salah Mahyaoui
Media Relations
+33 1
53 77 40 31
salah.mahyaoui@sanofi-aventis.com
Sebastien Martel
Investor
Relations
+33 1 53 77 45 43
sebastien.martel@sanofi-aventis.com
Philippe Zeisser
Investor
Relations
+33 1 53 77 41 86
philippe.zeisser@sanofi-aventis.com