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AGENNIX AG

EANS-News: AGENNIX AG /

Heidelberg (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Research & Development
Agennix AG Provides Update on
                          Development of Talactoferrin
Planegg/Munich (Germany), Princeton, NJ  and  Houston,  TX,  August  5,  2010  -
Agennix AG (Frankfurt Stock Exchange: AGX)  today  provided  an  
update  on  its development status and plans for oral talactoferrin.
Enrollment on track in Phase III FORTIS-M trial in non-small cell 
lung cancer The Company reported that, as of July 31, 2010, 45% of  
patients  (327)  in  the FORTIS-M trial had been enrolled.  The total
planned enrollment in the study  is 720 patients. FORTIS-M is 
evaluating talactoferrin  plus  best  supportive  care compared to 
placebo plus best supportive care in patients  with  non-small  cell 
lung cancer, whose disease has progressed following two or more prior
treatment regimens.  The trial remains on track with enrollment 
expected  to  complete  in the first half of 2011 and topline data 
expected by the end of 2011, should  all proceed as anticipated.
Phase III registration plan in severe sepsis The Company also 
reported that it has held an End-of-Phase II meeting  with  the U.S. 
Food & Drug Administration (FDA) to discuss future  development  
plans  for talactoferrin in severe  sepsis.   The  Company  plans  to
meet  with  European regulatory authorities within the next few 
months  to  discuss  its  development plans in this indication. In 
its discussions with the Company, the FDA  strongly recommended that 
Agennix conduct two  adequate  and  well-controlled  Phase  III 
studies to support a potential Biologic License Application (BLA) 
submission.
Agennix plans to start an initial randomized,  double-blind,  
placebo-controlled Phase III trial evaluating oral talactoferrin  in 
adult  patients  with  severe sepsis (sepsis plus one or more organ 
dysfunctions) in early 2011. In  order  to maximize the chances of 
success, the Company intends to base the design of  this initial 
Phase III  trial  closely  on  the  randomized,  double-blind,  
placebo- controlled Phase II trial, the  topline  results  of  which 
were  announced  in December  2009.  In  the  Phase  III  trial,  the
Company   plans   to   accrue approximately 930 adult patients with 
severe sepsis  at  100-150  leading  sites worldwide for the 
treatment of sepsis.  Similar  to  the  Phase  II  trial,  all 
potentially eligible  patients  for  the  Phase  III  trial  will  be
centrally screened  prior  to  enrollment  to  confirm  that  they  
meet  the  eligibility criteria.   Patients  will  be  randomized  to
receive  oral  talactoferrin  or placebo.  Patients in both arms will
also receive  standard  of  care  treatment for severe sepsis  in  an
intensive  care  unit  (ICU)  setting.   The  primary endpoint of the
Phase  III  trial  will  be  28-day  all-cause  mortality,  with 
secondary endpoints to include longer-term survival. The FDA has 
confirmed  that the proposed  primary  endpoint  is  acceptable  and 
indicated  that  secondary endpoints should include assessment of 
mortality at 3, 6 and 12 months.
Rajesh Malik, M.D., Chief Medical Officer of Agennix, said, "We are  
excited  to advance the development of talactoferrin in severe  
sepsis.   This  is  a  life- threatening condition that, with an 
estimated mortality rate of 30%  or  higher, is urgently in need of 
new, effective therapies.  We look forward to  initiating a Phase III
trial in early 2011 in this important indication."
Data update from Phase II trial in severe sepsis The Company also 
reported that, as part of an independent  final  audit  of  the Phase
II trial with talactoferrin  in  severe  sepsis  prior  to  preparing
for publication of the results, it was determined that one  
additional  patient  was affected by the previously disclosed drug 
labeling and randomization error.  The identified patient had 
mistakenly been included in the placebo  arm  and  should have been 
included in the talactoferrin arm.  Thus, there were  97  patients  
in the talactoferrin arm and 93 patients in the placebo  arm  
(previously  reported as 96 patients in the talactoferrin arm  and  
94  in  the  placebo  arm).   This change did not have a material 
effect on the outcome  of  the  trial.   Baseline characteristics of 
patients entering the study were mostly balanced between  the 
talactoferrin and placebo groups.
The final primary endpoint results are now as follows:  46%  relative
reduction (13% absolute reduction)  in  28-day  all-cause  mortality 
from  26.9%  in  the placebo arm to 14.4% in the talactoferrin arm 
(two-tailed p-value  adjusted  for cardiovascular dysfunction = 0.05,
odds ratio by logistic regression analysis  = 0.48). These results 
reflect a slightly larger improvement in mortality  in  the 
talactoferrin arm when compared to the placebo arm than earlier 
reported.[1] Talactoferrin continued to appear to show an effect over
the  longer  term,  at three and six months. These results reflect a 
slightly  larger  improvement  in three- and six-month mortality in 
the talactoferrin arm  when  compared  to  the placebo arm than 
earlier reported.  Three-month all-cause  mortality  was  29.7% in 
the placebo arm compared to 17.9%  in  the  talactoferrin  arm,  an  
absolute reduction of 12% and relative reduction of 40% (adjusted  
two-tailed  p-value  = 0.08,  odds  ratio  =  0.54).[2]  At  six  
months,  there  was  a  statistically significant reduction in 
all-cause mortality from 35.6% in the  placebo  arm  to 21.1% in the 
talactoferrin arm,  an  absolute  reduction  of  15%  and  relative 
reduction of 41% (adjusted two-tailed p-value = 0.04, odds ratio = 
0.50).[3]
Talactoferrin continued to appear to show a substantial trend toward 
a  decrease in 28-day all-cause mortality in the upper two  baseline 
APACHE  II  score  (an assessment of the severity of the condition) 
quartiles, with a  slight  decrease in the second quartile and a 
slight increase in patients in  the  lowest  APACHE II quartile 
(scores 0-19), i.e., the least sick patients. It  should  be  noted, 
however, that, for each of the lower two quartiles, the difference 
was only  one death between the arms. None of the differences was  
statistically  significant. In addition, there appears to have been 
no effect on mortality in women in  this trial, although it is 
unclear whether this outcome would be  seen  in  a  larger Phase III 
trial or whether it is merely a consequence of  the  relatively  
small number of patients in this trial.
The above analyses were conducted on  a  modified  intent-to-treat  
basis  (also referred  to  as  intent-to-treat  as  treated),  
meaning  that  patients   were evaluated based on  the  treatment  
they  actually  received  (talactoferrin  or placebo) during their 
first week of treatment.
Talactoferrin was shown  to  be  very  well  tolerated  in  the  
study  with  no significant differences in adverse events between the
two  treatment  arms.  Of those adverse events considered to be 
possibly related to  treatment,  the  most frequently reported 
category  in  both  treatment  groups  was  gastrointestinal 
disorders (5.5% of patients in the talactoferrin arm and  5.4%  in  
the  placebo
arm).  There were  no  serious  adverse  events  considered  to  be  related  to
treatment with talactoferrin.
The Company expects the final  results  from  the  trial  to  be  submitted  for
publication in a peer-reviewed journal.
About talactoferrin
Talactoferrin  is  an  oral   biologic   therapy   with   immunomodulatory   and
antibacterial properties, which is being studied for  the  treatment 
of  cancer and severe  sepsis.  Talactoferrin  has  demonstrated  
activity  in  randomized, double-blind, placebo-controlled Phase II 
studies in non-small cell lung  cancer (NSCLC), as well as in severe 
sepsis. As a result of the promising results  from Phase II studies, 
two Phase III trials with talactoferrin  in  NSCLC  have  been 
initiated.  NSCLC is one of the most common types of cancer  
worldwide  and  the most  frequent  cause  of  cancer  death.    
Agennix  also  plans   to   develop talactoferrin further for the 
treatment of  severe  sepsis.   Talactoferrin  has been shown to be 
very well tolerated in these patient populations.
About Agennix Agennix AG is a publicly listed biopharmaceutical 
company  that  is  focused  on the development of novel therapies 
that  have  the  potential  to  substantially improve the length and 
quality of life of critically ill patients  in  areas  of major unmet
medical need. The Company´s most advanced program is  talactoferrin, 
an oral therapy that has  demonstrated  activity  in  randomized,  
double-blind, placebo-controlled Phase II studies in non-small cell 
lung cancer,  as  well  as in severe sepsis. Talactoferrin is 
currently in Phase  III  clinical  trials  in non-small cell lung 
cancer, and Agennix plans to develop  this  program  further for the 
treatment of severe sepsis. Other clinical development programs  
include RGB-286638, a multi-targeted kinase inhibitor  in  Phase  1  
testing;  the  oral platinum-based compound satraplatin; and a 
topical  gel  form  of  talactoferrin for diabetic foot ulcers. 
Agennix´s registered seat is in  Heidelberg,  Germany. The Company 
has three sites of operation:  Planegg/Munich,  Germany;  Princeton, 
New Jersey and Houston, Texas. For  additional  information,  please 
visit  the Agennix Web site at www.agennix.com.
This press  release  contains  forward-looking  statements,  which  
express  the current  beliefs  and  expectations  of  the  management
of  Agennix  AG.  Such statements are based on current  expectations 
and  are  subject  to  risks  and uncertainties, many of which are 
beyond our control,  that  could  cause  future results, performance 
or achievements to differ significantly from  the  results, 
performance  or  achievements  expressed  or  implied  by  such  
forward-looking statements. There can be no guarantee that the 
Company will  move  talactoferrin forward in development for severe 
sepsis in a timely manner, if at all, or  that talactoferrin will 
ultimately be  approved  for  sale  in  any  country.  Actual results
could differ materially  depending  on  a  number  of  factors,  and 
we caution investors not to place undue reliance on the 
forward-looking  statements contained in this press release. 
Forward-looking statements  speak  only  as  of the date on which 
they are made and Agennix undertakes no obligation  to  update these 
forward-looking statements, even if new information becomes  
available  in the future.
----------------------- [1] Previously, the reported 28-day all-cause
mortality results were as follows: 26.6% in the placebo group 
compared to 14.6% in the talactoferrin group, a 12% absolute and 45% 
relative reduction (two-tailed adjusted p-value = 0.06, odds ratio = 
0.49).
[2] Previously, the reported three-month all-cause mortality was 
29.3% in the placebo arm compared to 18.1% in the talactoferrin arm 
(adjusted two-tailed p- value = 0.09, odds ratio = 0.55).
[3] Previously, the reported six-month all-cause mortality was 35.2% 
in the placebo arm versus 21.3% in the talactoferrin arm (adjusted 
two-tailed p-value = 0.05, odds ratio = 0.51).
end of announcement                               euro adhoc

Further inquiry note:

Agennix AG
Investor Relations & Corporate Communications
Phone: +49 (0)89 8565 2693
ir@agennix.com

In the U.S.: Laurie Doyle
Director, Investor Relations & Corporate Communications
Phone: +1 609 524 5884
laurie.doyle@agennix.com

Additional media contact for Europe:
MC Services AG
Raimund Gabriel
Phone: +49 (0) 89 210 228 0
raimund.gabriel@mc-services.eu

Additional investor contact for Europe:
Trout International LLC
Lauren Williams, Vice President
Phone: +44 207 936 9325
lwilliams@troutgroup.com

Branche: Pharmaceuticals
ISIN: DE000A1A6XX4
WKN: A1A6XX
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade

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