updated 5/19/2011 4:46:06 PM ET 2011-05-19T20:46:06

WEST LAFAYETTE, Ind., May 19, 2011 (GLOBE NEWSWIRE) -- Endocyte, Inc. (Nasdaq:ECYT), a biopharmaceutical company developing targeted small molecule drug conjugates (SMDCs) and companion imaging diagnostics for personalized therapy, announced today that the final progression free survival (PFS) data from the Phase 2 PRECEDENT clinical trial of EC145 in women with platinum-resistant ovarian cancer will be presented at the 2011 Annual Meeting of the American Society of Clinical Oncology (ASCO), to be held June 3-7 in Chicago, Illinois.

"EC145 is the first drug to demonstrate a significant improvement in PFS in a randomized study in patients with platinum-resistant ovarian cancer. The results are particularly important for these patients because there are very few treatment options available. In the U.S., no new drug has been approved for women with platinum resistant ovarian cancer in over 10 years," said Ron Ellis, president and chief executive officer of Endocyte. "We have already advanced EC145 into its Phase 3 evaluation in the PROCEED trial, which is designed to replicate PRECEDENT's success and is now open to accrual."

The presentation information is as follows:

Date & Time: Sunday, June 5, 2011 from 8 a.m. – noon CDT
Location:    McCormick Place, Hall A
Session:   General Poster Session
Abstract No:  5045
Poster Title: PRECEDENT: A randomized phase 2 trial comparing EC145 and pegylated
  liposomal doxorubicin (PLD) in combination, versus PLD alone, in subjects with
  platinum-resistant ovarian cancer
Presenter:   Wendel Naumann, M.D.

The Phase 2 PRECEDENT trial was an international, multi-center, randomized study that enrolled 149 women with platinum-resistant ovarian cancer. Patients were randomized to receive EC145 plus pegylated liposomal doxorubicin (PLD) or PLD alone at a standard dose until disease progression or death.

About EC145

EC145 is a conjugate of the vitamin folate and a very potent vinca alkaloid. Folate is required for cell division, and rapidly dividing cancer cells over-express folate receptors in order to capture enough folate to support cell division. By combining a chemotherapy drug with folate, EC145 targets cancer cells while avoiding most normal cells. This targeted approach is designed to provide treatment with potent drugs while providing lower toxicity than standard chemotherapy.

About EC20

EC20 is a folate-targeted molecular imaging agent that is being developed as a non-invasive method to identify tumors that over-express folate receptors. These tumors are the molecular target of Endocyte's folate-targeted therapeutic compounds such as EC145. To date, EC20 has been administered to over 350 patients and has been found to be well tolerated.

About Endocyte

Endocyte is a biopharmaceutical company developing targeted therapies for the treatment of cancer and inflammatory diseases. Endocyte uses its proprietary technology to create novel small molecule drug conjugates (SMDCs) and companion imaging diagnostics for personalized targeted therapies. The company's SMDCs actively target receptors that are over-expressed on diseased cells, relative to healthy cells. This targeted approach is designed to enable the treatment of patients with highly active drugs at greater doses, delivered more frequently, and over longer periods of time than would be possible with the untargeted drug alone. The companion imaging diagnostics are designed to identify patients whose disease over-expresses the target of the therapy and who are therefore more likely to benefit from treatment. 

This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995, including descriptions of Endocyte's plans to seek conditional marketing authorizations from the EMA. These statements are based on management's current expectations and involve significant risks and uncertainties that may cause results to differ materially from those set forth in the statements. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

CONTACT: Stephanie Ascher
         Stern Investor Relations, Inc.
         (212) 362-1200
         stephanie@sternir.com
         
         Martina Schwarzkopf, Ph.D.
         Russo Partners
         (212) 845-4292
         martina.schwarzkopf@russopartnersllc.com
         
         Tony Russo, Ph.D.
         Russo Partners
         (212) 845-4251
         tony.russo@russopartnersllc.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.71%
$30K home equity loan FICO 5.26%
$75K home equity loan FICO 4.70%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.42%
13.42%
Cash Back Cards 17.94%
17.94%
Rewards Cards 17.14%
17.14%
Source: Bankrate.com