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CONTACTS:
LORUS THERAPEUTICS INC. CANADIAN MEDIA CONTACT: US MEDIA CONTACT:
Corporate Communications Hugh Mansfield Jennifer Taylor
Grace Tse Mansfield Communications Inc. Mansfield Communications Inc.
Tel: (416) 798-1200, ext.380 Tel: (416) 599-0024 Tel: (212) 370-5045
Email: ir@lorusthera.com Email: hugh@mcipr.com E-mail: jennifer@mcipr.com
LORUS THERAPEUTICS ANNOUNCES UNITED STATES PATENT ALLOWANCE TO PROTECT
VIRULIZIN(R), THE COMPANY'S MOST CLINICALLY ADVANCED ANTI-CANCER DRUG
- Third U.S. patent allowance for Virulizin(R) -
TSE: LOR
OTC BB: LORFF
TORONTO, APRIL 2, 2003 - Lorus Therapeutics Inc. ("Lorus") reported today that
it has received notice from the United States Patent and Trademark Office of the
allowance of a patent, which protects the company's intellectual property for
its lead immunotherapeutic anti-cancer product, Virulizin(R). This drug is
currently in a Phase III clinical trial in the United States for the treatment
of pancreatic cancer and is commercially available in Mexico for the treatment
of malignant melanoma.
The patent titled, "Immunomodulating compositions for treatment of immune system
disorders," is the third U.S. patent allowance for Virulizin(R). Previous
patents protect the only known production process for Virulizin(R) and the
composition produced according to this process and methods for stimulating a
patient's immune system with Virulizin(R) for treatment purposes. The most
recent patent significantly broadens protection to include methods for treatment
of a variety of different cancers.
"As investigations at Lorus continue to expand the potential uses of
Virulizin(R) for treatment of malignant diseases, it is our strategy to protect
these novel findings and broaden the patent portfolio for this anti-cancer
agent," said Dr. Jim Wright, chief executive officer, Lorus. "This strategy
enables Lorus to maximize the commercial potential of Virulizin(R) in
marketplaces like the United States, which is the largest market for anti-cancer
drugs in the world."
(more)
The United States Food and Drug Administration has awarded Virulizin(R) orphan
drug status and fast track status for the treatment of pancreatic cancer. The
drug is currently in a Phase III clinical trial in North America for the
treatment of pancreatic cancer, and has been approved in Mexico for the
treatment of malignant melanoma, where it is commercially available through
Mayne Pharma, Lorus' marketing partner in Latin America.
About Lorus
Lorus is a biopharmaceutical company focused on the research and development of
cancer therapies. Lorus' goal is to capitalize on its research, pre-clinical,
clinical and regulatory expertise by developing new drug candidates that can be
used, either alone, or in combination, to successfully manage cancer. Through
its own discovery efforts and an active acquisition and in-licensing program,
Lorus is building a portfolio of promising anti-cancer drugs. Late-stage
clinical developments and marketing will be done in cooperation with strategic
pharmaceutical partners. Founded in 1986, Lorus Therapeutics Inc. is a public
company listed on the Toronto Stock Exchange under the symbol LOR, and on the
OTC BB exchange under the symbol LORFF.
Except for historical information, this press release contains forward-looking
statements, which reflect the Company's current expectation regarding future
events. These forward-looking statements involve risks and uncertainties, which
may cause actual results to differ materially from those statements. Those risks
and uncertainties include, but are not limited to, changing market conditions,
the successful and timely completion of clinical studies, the establishment of
corporate alliances, the impact of competitive products and pricing, new product
development, uncertainties related to the regulatory approval process, and other
risks detailed from time-to-time in the Company's ongoing quarterly filings,
annual information form, annual reports and 20-F filings.
Lorus Therapeutics Inc.'s press releases are available through the Company's
Internet site: http://www.lorusthera.com.
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