Healthcare Industry News:  Multiple Myeloma  

Biopharmaceuticals Oncology

 News Release - June 21, 2006

VELCADE(R) (Bortezomib) for Injection Showed Unprecedented Results In Newly Diagnosed Multiple Myeloma Patients

Study published in journal Blood reports the highest complete response rate, similar to transplantation, with half achieving molecular remission

CAMBRIDGE, Mass., June 21 (HSMN NewsFeed) -- Millennium Pharmaceuticals, Inc. (Nasdaq: MLNM ) today announced results of a study that showed VELCADE in combination with melphalan and prednisone (V-MP) appeared significantly superior to melphalan and prednisone (MP) alone in treating elderly patients with newly diagnosed Multiple Myeloma (MM) who were ineligible for stem cell transplantation. The multi-center, Phase I/II study evaluating the safety and efficacy of VELCADE based therapy demonstrated an overall response rate of 89 percent, including a high complete and near complete response rate of 43 percent. This compared favorably to historical control data for MP, a widely used therapy that rarely induces complete response. Complete response is considered an important prognostic factor for survival.(1-2) The study was prepublished online in the journal, Blood, First Edition, June 13, 2006.

"Approximately half of patients presenting with Multiple Myeloma are elderly and not eligible for transplantation. New treatments that produce very high complete responses and molecular remissions are desperately needed," said lead investigator Jesus San Miguel, Professor of Medicine at the University Hospital in Salamanca, Spain. "With only one cycle of V-MP, we achieved a higher response rate than our historical controls of six cycles of MP and the proportion and quality of completed responses increased with subsequent cycles."

The open-label, dose-escalation study evaluated the safety and efficacy of V-MP in 60 newly diagnosed Multiple Myeloma patients between 65 and 85 years old, with almost half of all patients (47 percent) over 75 years old. An analysis from the study demonstrated:

* Overall response rate of 89 percent with 43 percent of patients achieving complete (32 percent) or near-complete (11 percent) response

* In complete responders, half were immunophenotypic remissions as analyzed by multiparameter flow cytometry (a highly sensitive method to identify molecules associated with malignant cells)

* 91 percent were free of disease progression and event-free survival rate was 83 percent compared to historical control data for MP of 66 percent and 51 percent

* Median time to progression and overall survival not yet reached after a median follow-up of 16 months

* Responses were independent of chromosomal abnormalities which generally predict for poorer outcomes

* Treatment was well tolerated with a median of 42 weeks of treatment, a duration of more than 9 months. Common adverse events were gastrointestinal events, thrombocytopenia, neutropenia, fatigue and peripheral neuropathy.

"The complete responses and deep molecular remissions in this V-MP study have never been reported in this treatment setting, highlighting the potency of VELCADE," said Robert Tepper, M.D., President, Research & Development, Millennium. "These results are similar to what you would expect to achieve in the transplant setting with a much more favorable safety profile."

The published study is the basis for an ongoing Company-sponsored, Phase III, international VISTA trial of VELCADE in combination with V-MP versus MP alone in patients with newly diagnosed Multiple Myeloma that are not transplant candidates. The data are also consistent with results in this elderly population observed in a subgroup analysis of the Phase III APEX trial, which investigated VELCADE treatment in patients with relapsed MM and included patients aged 65 years and older. VELCADE was found to be equally effective in elderly and younger patients -- the response rate did not differ substantially between the two groups. In addition, the overall incidence of adverse events was comparable across all age groups, indicating that VELCADE is equally tolerated in elderly and younger patients.(3) However, greater sensitivity in some older individuals cannot be ruled out.

Two additional, Phase III, multi-center trials being conducted by international cooperative groups are evaluating VELCADE based combinations in newly diagnosed patients who are eligible for transplantation. Collectively, these three front-line Phase III studies are anticipated to enroll approximately 2,000 patients and interim results from one of these is expected by the end of the year.

About Multiple Myeloma (MM)

MM is the second most common hematologic malignancy and although the disease is predominantly a cancer of the elderly (the average age of onset is 65 to 70 years of age), recent statistics indicate both increasing incidence and younger age of onset. In the U.S., more than 45,000 to 50,000 individuals have MM and over 15,000 new cases are diagnosed each year. Worldwide there are approximately 74,000 new cases and over 45,000 deaths annually.(4)

About VELCADE

VELCADE is indicated for the treatment of Multiple Myeloma patients who have received at least one prior therapy. VELCADE is contraindicated in patients with hypersensitivity to bortezomib, boron, or mannitol. VELCADE should be administered under the supervision of a physician experienced in the use of antineoplastic therapy.

Risks associated with VELCADE therapy include new or worsening peripheral neuropathy, hypotension observed throughout therapy, cardiac and pulmonary disorders, gastrointestinal adverse events, thrombocytopenia, neutropenia and tumor lysis syndrome. Women of childbearing potential should avoid becoming pregnant while being treated with VELCADE.

In 331 patients who were treated with VELCADE in a Phase III study, the most commonly reported adverse events were asthenic conditions (61 percent), diarrhea (57 percent), nausea (57 percent), constipation (42 percent), peripheral neuropathy (36 percent), vomiting (35 percent), pyrexia (35 percent), thrombocytopenia (35 percent), psychiatric disorders (35 percent), anorexia and appetite decreased (34 percent), parasthesia (27 percent), dysesthesia (27 percent), anemia and headache (26 percent), and cough (21 percent). Fourteen percent of patients reported at least one episode of grade 4 toxicity; the most common grade 4 toxicities were thrombocytopenia (4 percent), neutropenia (2 percent), and hypercalcemia (2 percent). A total of 144 patients on VELCADE (44 percent) reported serious adverse events (SAEs) during the study. The most commonly reported SAEs were pyrexia (6 percent), diarrhea (5 percent), dyspnea and pneumonia (4 percent), and vomiting (3 percent).

VELCADE is the market leader in relapsed Multiple Myeloma with over 44,000 patients treated worldwide, including clinical trials. VELCADE is being co-developed by Millennium Pharmaceuticals, Inc. and Johnson & Johnson Pharmaceutical Research & Development, L.L.C. (J&JPRD). Millennium is responsible for commercialization of VELCADE in the U.S.; Janssen-Cilag is responsible for commercialization in Europe and the rest of the world. Janssen Pharmaceutical K.K. is responsible for commercialization in Japan. VELCADE is approved in more than 65 countries worldwide. VELCADE also is approved in the European Union as a treatment at first relapse.

For more information about VELCADE clinical trials, patients and physicians can contact the Millennium Medical Product Information Department at 1-866-VELCADE (1-866-835-2233).

About Millennium

Millennium Pharmaceuticals, Inc., a leading biopharmaceutical Company based in Cambridge, Mass., markets VELCADE, a novel cancer product, and has a robust clinical development pipeline of product candidates. The Company's research, development and commercialization activities are focused in two therapeutic areas: oncology and inflammation. By applying its knowledge of the human genome, understanding of disease mechanisms and industrialized drug discovery platform, Millennium is developing an exciting pipeline of innovative product candidates. The Company's website is http://www.millennium.com.

This press release contains "forward-looking statements," including statements about the Company's growth and development of products. Various important risks may cause the Company's actual results to differ materially from the results indicated by these forward-looking statements, including: adverse results in its drug discovery and clinical development programs; failure to obtain patent protection for its discoveries; commercial limitations imposed by patents owned or controlled by third parties; the Company's dependence upon strategic alliance partners to develop and commercialize products and services based on its work; difficulties or delays in obtaining regulatory approvals to market products and services resulting from its development efforts; product withdrawals; competitive factors; difficulties or delays in manufacturing the Company's products; government and third party reimbursement rates; the commercial success of VELCADE and INTEGRILIN® (eptifibatide) Injection; achieving revenue consistent with internal forecasts; and the requirement for substantial funding to conduct research and development and to expand commercialization activities. For a further list and description of the risks and uncertainties the Company faces, see the reports it has filed with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Editors' Note: This press release is also available under the Media section of the Company's website at: http://www.millennium.com.

(1.) Nadal E, Gine E, Blade J, et al. High-dose therapy/autologous stem cell transplantation in patients with chemosensitive multiple myeloma: predictors of complete remission. Bone Marrow Transplant. 2004; 33:61-64.

(2.) Kyle RA, Leong T, Li S, et al. Complete response in multiple myeloma: clinical trial E9486, an Eastern Cooperative Oncology Group study not involving stem cell transplantation. Cancer. 2006; 106:1958-1966. (3.) Richardson PG et al. Bortezomib or high-dose dexamethosone for relapsed multiple myeloma. New England Journal of Medicine. 2005 June 16; 352(24):2487-98. (4.) American Cancer Society, Overview: Multiple Myeloma, 2005, http://www.cancer.org.


Source: Millennium Pharmaceuticals

Issuer of this News Release is solely responsible for its content.
Please address inquiries directly to the issuing company.



FindReps 2 - Find Great Medical Independent Sales Reps without recruiter fees.
FindReps 2 - available on the Apple App Store for iPhone and iPad.