Full Press Release Details
ADHEREX ANNOUNCES COMPLETION OF PATIENT
ENROLLMENT AND MAINTAINS TSX LISTING STATUS
Research Triangle Park, NC, January 7,
2013 - Adherex Technologies Inc. (TSX: AHX, OTCQB: ADHXF), a biopharmaceutical company focused on the development of eniluracil
and 5-fluorouracil, is pleased to announce the following positive developments:
Rosty Raykov, Chief Executive Officer of Adherex, said "We
are pleased to have completed the enrollment phase of the trial within a reasonable time frame and wish to thank our CRO, contractors
and employees whose efforts helped make this possible. We are also very pleased that the clinical investigator
and patient communities have expressed strong support for eniluracil. We look forward to completing the treatment phase of the
trial and releasing final efficacy and safety results later this year."
Eniluracil is a mechanism-based inactivator of DPD, the enzyme
that rapidly breaks down 5-FU. Accordingly, Eniluracil increases the 5-FU elimination half-life from about 15 minutes to 5 hours
and enables 5-FU to be administered orally, making it 100% orally bioavailable. In addition, Eniluracil prevents the formation
of -fluoro- -alanine (F-Bal), the 5-FU-breakdown product. F-Bal appears to cause hand-foot syndrome and neurotoxicity.
It also decreases the antitumor activity of 5-FU in laboratory animals. Furthermore, because DPD is present in variable levels,
the highly variable and nonlinear pharmacokinetics of 5-FU become predictable and linear when DPD is inactivated by Eniluracil
The weekly regimen used in the current Phase 2 trial is based
on a Phase 1 Eniluracil/5-FU/Leucovorin trial that produced durable tumor responses and no hand-foot syndrome in advanced colorectal
cancer patients who were refractory to intravenous 5-FU/Leucovorin. In a similar Phase 2 study with capecitabine, no tumor responses
occurred and 87% of the patients experienced hand-foot syndrome, a painful condition that may require dosing interruptions and
dose reductions. The regimen was modified according to the methods described in the Adherex patent applications.
Except for historical information described in this press release,
all other statements are forward-looking. Forward-looking statements are subject to certain risks and uncertainties inherent
in the Company's business that could cause actual results to vary, including such risks that regulatory clinical
and guideline developments may change, scientific data may not be sufficient to meet regulatory standards or receipt of required
regulatory clearances or approvals, clinical results may not be replicated in actual patient settings, protection offered
by the Company's patents and patent applications may be challenged, invalidated or circumvented by its competitors, the
available market for the Company's products will not be as large as expected, the Company's products will
not be able to penetrate one or more targeted markets, revenues will not be sufficient to fund further development and clinical
studies, the Company may not meet its future capital needs, and its ability to obtain additional funding, as well as uncertainties
relative to varying product formulations and a multitude of diverse regulatory and marketing requirements in different countries
and municipalities, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission
including its Annual Report on Form 10-K for the year ended December 31, 2011. Adherex Technologies, Inc. disclaims any obligation
to update these forward-looking statements except as required by law.
For a more detailed discussion of related risk factors, please refer to our public filings available
at www.sec.gov and www.sedar.com.
For further information, please contact:
Chief Executive Officer
Adherex Technologies Inc.