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CONTACTS:
LORUS THERAPEUTICS INC. CANADIAN MEDIA CONTACT: US MEDIA CONTACT:
Corporate Communications Hugh Mansfield Amy Banek
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: amy@mcipr.com
LORUS THERAPEUTICS WORKS WITH THE U.S. NATIONAL CANCER INSTITUTE IN
THE CLINICAL DEVELOPMENT OF GTI-2040
- Agreement is an important achievement in Canadian cancer drug development -
TSE: LOR
OTC BB: LORFF
TORONTO, CANADA, FEBRUARY 11, 2003 - Lorus Therapeutics Inc. ('Lorus') today
announced that the company and the U.S. National Cancer Institute (NCI) have
approved clinical protocols to conduct a series of clinical trials to
investigate the safety and efficacy of its lead antisense drug, GTI-2040 in
breast cancer, colon cancer, non-small cell lung cancer, acute myeloid leukemia,
prostate cancer, and in a range of solid tumors.
Lorus and the NCI signed a formal clinical trial agreement in which the NCI will
financially sponsor the GTI-2040 clinical trials, while Lorus will provide the
drug.
Lorus and the NCI collaborated to select six cancer indications from 29
proposals submitted by major U.S. and Canadian oncology centers. The initial six
studies represent the first stage of a clinical development partnership between
Lorus and the NCI.
The agreement is the result of a successful Phase I clinical trial program and
promising preclinical data, which demonstrates the effectiveness of GTI-2040
when used alone or in combination with standard anticancer agents in the
treatment of a wide variety of tumors.
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"This partnership with the NCI is a significant achievement for Lorus and for
Canadian cancer drug development," said Dr. Jim Wright, CEO, Lorus. "The
substantial financial support and outstanding expertise from this collaboration
will enable us to determine the effectiveness of GTI-2040 across a range of
tumor types, thereby identifying the patient population that will most benefit
from drug treatment, and also identifying the optimal commercial path for the
development of GTI-2040."
Dr. Wright added: "We are impressed by the level of interest expressed by U.S.
and Canadian oncologists to participate in this exciting drug development
program. The calibre of the proposals received by the NCI attests to the
oncology community's confidence in the potential of the antisense approach used
by Lorus for developing drugs like GTI-2040 to treat patients with cancer."
In addition to the collaboration between Lorus and the NCI , GTI-2040 is
currently being investigated in a Phase II clinical trial in combination with
capecitabine for the treatment of renal cell carcinoma. On February 5, 2003,
Lorus announced that this promising clinical study was expanded to include six
major oncology centers in the U.S.A.
The NCI is an agency of the National Institutes of Health (NIH), one of eight
agencies that compose the public Health Service (PHS) in the U.S. Department of
Health and Human Services (DHHS). The NCI, established under the National Cancer
Act of 1937, is the U.S. Federal Government's principal agency for cancer
research and training.
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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