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News & Events > Press Releases > June 15, 1998

StemCells, Inc. (ticker: STEM, exchange: NASDAQ) News Release - 15-Jun-1998


CytoTherapeutics And Astra Resume Phase IIB Clinical Trial Of Pain Control Implant

LINCOLN, R.I. -- June 15, 1998 -- CytoTherapeutics, Inc. (Nasdaq:CTII) and Astra AB of Sweden have resumed patient enrollment in the Phase IIB clinical trial of CytoTherapeutics' cell-containing, pain-control implant at multiple clinical centers in Europe. This follows the January 1998 announcement by CytoTherapeutics that it would implement minor modifications to the surgical procedure to assure proper anchoring of the implant prior to enrolling additional patients in the Phase IIB trial. In addition, Astra has agreed to increase its support to CytoTherapeutics for the pain program by approximately 20%, up from $7 million to $8.5 million, for the current year.

"By implementing these modifications to our implant procedure so quickly, Astra still expects to complete patient enrollment in this trial by the end of the year," stated Richard M. Rose, MD, President and Chief Executive Officer of CytoTherapeutics. "Furthermore, based on that timeframe, Astra could expect to complete its evaluation of the trial data in the first part of 1999."

"We strongly believe that CytoTherapeutics' technology can significantly improve pain management for the thousands of patients who are unable to be treated by other methods," added Carl-Johan Dalsgaard, MD, PhD, President of Astra Pain Control AB.

According to the Phase IIB trial protocol, approximately 150 cancer patients will be included in the double-blind, placebo-controlled trial, which is designed to demonstrate efficacy and safety. Patients participating in the trial will receive an implant for a 10-week period. Following completion of a 10-week implantation, patients may elect to receive an additional active device.

The encapsulated-cell, pain-control implant contains bovine adrenal cells which secrete naturally occurring analgesics, such as catecholamines and opioid peptides. The implant is designed to continuously produce these analgesic substances which disrupt the transmission of pain signals to the brain. The implants utilized in the Phase IIB trial measure approximately seven centimeters in length and approximately one millimeter in diameter and are implanted in the fluid-filled space at the base of the spinal cord via a minimally invasive surgical procedure.

Headquartered in Sodertalje, Sweden, Astra is a leading international pharmaceutical company focused on developing treatments for respiratory, gastrointestinal and cardiovascular diseases and pain control. Its Astra Pain Control division currently markets a number of local and regional anesthesia products, including Xylocaine, Marcaine and Naropin. Astra's worldwide revenues in 1997 totaled $5.7 billion.

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CytoTherapeutics, Inc. is a leader in the development of cell-based therapeutics. The Company's encapsulated-cell technology is designed to treat a number of serious diseases and disorders of the central nervous system (CNS), including chronic pain, by delivering therapeutic proteins directly to the CNS. The Company's stem cell programs seek to repair or repopulate neural or other tissue that has been damaged or lost as a result of disease or injury. For additional information, visit the Company's Internet web site at http://www.cyto.com.

Statements in this press release other than statements of historical facts constitute forward looking comments regarding, among other things, clinical trial strategies and timing, product development plans, regulatory requirements and future business operations. The Company's actual results may vary materially from those forward looking statements due to risks and uncertainties to which the Company is subject, such as uncertainties regarding clinical trial outcomes, failure to achieve required product development, delays in obtaining, or failure to satisfy conditions imposed for, regulatory approval, the need to raise additional capital, risks of third-party intellectual property, adverse clinical developments, and other risks, which are described in Exhibit 99 to the Company's Annual Report on Form 10-K entitled "Cautionary Factors Relevant to Forward Looking Statements."

CONTACT: CytoTherapeutics, Inc.
John S. McBride, (401) 288-1000 x2126
Elizabeth A. Razee, (401) 288-1000 x2132
or
Astra AB
Steffan Ternby, 011-46-8-553-26107

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