OPKO's Second Rayaldee Phase 3 Trial Meets Primary Endpoints

OPKO Health (Ireland)

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September 23, 2014 9:17am EDT

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Targeted Response Rate Achieved for Plasma Parathyroid Hormone

Reduction

Favorable Adverse Event Profile Consistent with First Phase 3 Trial

New Drug Application Submission to U.S. FDA Planned for End of 2014

MIAMI--(BUSINESS WIRE)--

OPKO Health, Inc. (NYSE: OPK), announced successful top-line results

from the second and final pivotal phase 3 trial of Rayaldee™. This trial

is the second of two identical randomized, double-blind,

placebo-controlled, multi-site studies intended to establish the safety

and efficacy of Rayaldee as a new treatment for secondary

hyperparathyroidism (SHPT) in patients with stage 3 or 4 chronic kidney

disease (CKD) and vitamin D insufficiency. Both trials are the subject

of a Special Protocol Assessment established with the United States

(U.S.) Food and Drug Administration (FDA) in August 2012.

“Top-line data from this second study confirmed that Rayaldee

effectively controls secondary hyperparathyroidism in patients with

stage 3 or 4 chronic kidney disease by correcting vitamin D

insufficiency,” stated Joel Z. Melnick, M.D., Vice President of Clinical

Research and Development for OPKO’s Renal Division. “As with the first

trial, Rayaldee was equally effective in both disease stages, indicating

that this new therapy is appropriate even for patients with minimal

functioning kidney mass.”

This trial involved 216 adult patients recruited from 38 sites

throughout the U.S. Patients were stratified by CKD stage and randomized

in a 2:1 fashion to receive six months of treatment with either Rayaldee

or placebo. On enrollment, all patients exhibited vitamin D

insufficiency which was corrected in 96% of patients treated with

Rayaldee vs. 8% of patients treated with placebo.

The completed trial successfully met all primary efficacy and safety

endpoints. The primary efficacy endpoint was a responder analysis in

which “responder” was defined as any treated subject who demonstrated an

average 30% decrease in plasma parathyroid hormone (PTH) from

pre-treatment baseline during the last six weeks of the treatment

period. A significantly higher response rate was observed with Rayaldee

which steadily increased with treatment duration. The response rate with

Rayaldee was similar in CKD stages 3 and 4. Safety and tolerability data

were comparable in both treatment groups.

Patients who completed the two pivotal trials are being treated, at

their election, for an additional 6 months with Rayaldee during an

open-label extension study. Enrollment in this extension study is

complete at 298 patients, of which 180 (69%) patients have completed

participation.

“The data from the two pivotal phase 3 studies, when combined with the

available data from the ongoing open-label extension study, provide a

clear picture of Rayaldee’s efficacy during longer-term administration,”

commented Dr. Charles W. Bishop, Ph.D., CEO of OPKO’s Renal Division.

“The gradual but progressive PTH lowering observed during 6 months of

treatment in the pivotal trials is continuing during 6 additional months

of treatment in the extension study, allowing PTH levels to return to

the normal range in a significant proportion of patients.”

“Gradual reduction of elevated PTH towards the normal range is likely to

become the new treatment goal for predialysis patients whose secondary

hyperparathyroidism has not become firmly established,” stated Stuart M.

Sprague, DO, Chief, Division of Nephrology and Hypertension, NorthShore

University Health System - University of Chicago, Pritzker School of

Medicine. “Currently, these patients are treated with high doses of

nutritional vitamin D, but fewer than 50% show an adequate response.

Inadequate correction of vitamin D insufficiency with nutritional

vitamin D allows secondary hyperparathyroidism to become established and

less responsive to treatment. The phase 3 data with Rayaldee show that

this product is highly effective in correcting vitamin D insufficiency,

allowing more reliable treatment of these patients.”

“OPKO is committed to improving the care of patients with chronic kidney

disease by developing safer and more effective therapies for secondary

hyperparathyroidism than those available today,” commented Phillip

Frost, M.D., Chairman and CEO of OPKO Health. “Rayaldee provides an

excellent solution to the problem of secondary hyperparathyroidism

associated with vitamin D insufficiency for the 20 million pre-dialysis

CKD patients in the U.S. and many more elsewhere.”

A New Drug Application submission to the FDA is planned for the end of

2014.

About Rayaldee TM

Rayaldee is a first-in-class oral vitamin D prohormone treatment being

developed for SHPT in patients with stage 3 or 4 CKD and vitamin D

insufficiency. It has a proprietary modified-release formulation

designed to gradually and reliably raise serum total 25-hydroxyvitamin D

(prohormone) concentrations to targeted levels (at least 30 ng/mL) while

avoiding upregulation of CYP24, a cytochrome P-450 enzyme that reduces

the PTH-lowering potency of current vitamin D supplements. Activation of

calcifediol, the active ingredient in Rayaldee, by the kidney is tightly

regulated, preventing excessive elevation of serum calcium and related

side effects which limit the value of current vitamin D hormone

therapies by promoting vascular and renal calcification. Rayaldee is

expected to address the approximately 8 million patients in the U.S.,

and many more elsewhere, with stage 3 or 4 CKD, SHPT and vitamin D

insufficiency.

About Chronic Kidney Disease

CKD is a condition characterized by a progressive decline in kidney

function. The kidney is normally responsible for excreting waste and

excess water from the body, and for regulating various hormones. CKD is

classified in five different stages — mild (stage 1) to severe (stage 5)

disease — as measured by the kidney's glomerular filtration rate.

According to the National Kidney Foundation, CKD afflicts over 26

million people in the U.S., including more than 20 million patients with

moderate (stages 3 or 4) and severe (stage 5) forms of CKD. In stage 5

CKD, kidney function is minimal to absent and patients require regular

dialysis or a kidney transplant for survival.

About Vitamin D Insufficiency

Vitamin D insufficiency is a condition in which the body has low vitamin

D stores, characterized by inadequate blood levels of vitamin D

prohormone, known as 25-hydroxyvitamin D. An estimated 70-90% of CKD

patients have vitamin D insufficiency, which can lead to SHPT and

resultant debilitating bone diseases. Vitamin D insufficiency has been

associated with increased mortality in CKD.

About Secondary Hyperparathyroidism (SHPT)

SHPT is a condition commonly associated with CKD in which the

parathyroid glands secrete excessive amounts of PTH. SHPT arises as a

result of vitamin D insufficiency or impaired kidney function that

prevents sufficient production of vitamin D hormone to properly regulate

calcium and phosphorus metabolism, and PTH secretion. Prolonged

elevation of blood PTH causes excessive calcium and phosphorus to be

released from bone, leading to elevated serum calcium and phosphorus,

softening of the bones (osteomalacia) and calcification of vascular and

renal tissues. SHPT affects 40-60% of patients with moderate CKD and

approximately 90% of patients with severe CKD. Vitamin D therapy for

SHPT is associated with reduced mortality in CKD patients.

About Special Protocol Assessment

The Special Protocol Assessment provided a mechanism for the FDA and

OPKO to reach agreement on the design, size, execution and analysis of

the two pivotal phase 3 trials with Rayaldee. The FDA agreed that the

design and planned analysis of these studies adequately addressed the

objectives necessary to support an NDA submission.

About OPKO

OPKO is a multinational biopharmaceutical and diagnostics company that

seeks to establish industry leading positions in large, rapidly growing

markets by leveraging its discovery, development and commercialization

expertise and novel and proprietary technologies.

This press release contains "forward-looking statements," as that

term is defined under the Private Securities Litigation Reform Act of

1995 (PSLRA), regarding product development efforts and other

non-historical facts about our expectations, beliefs or intentions

regarding our business, technologies and products, financial condition,

strategies or prospects, including statements regarding our ability to

successfully launch and commercialize proprietary renal disease

products, expectations about Rayaldee, that Rayaldee will effectively

control secondary hyperparathyroidism in patients with stage 3 or 4

chronic kidney disease by correcting vitamin D insufficiency, whether

Rayaldee is appropriate for patients with minimal functioning kidney

mass and its efficacy during longer term administration, whether

Rayaldee will be highly effective in correcting vitamin D insufficiency,

allowing more reliable treatment of patients, whether it is the solution

to secondary hyperparathyroidism associated with vitamin D insufficiency

for the 20 million pre-dialysis CKD patients in the U.S. and elsewhere,

market potential for Rayaldee, that it will address the approximately 4

million CKD stage 3 and 4 patients in the U.S. and many more elsewhere,

with SHPT and vitamin D insufficiency, that Rayaldee will treat vitamin

D insufficiency and gradually correct elevated PTH, without safety

concerns, the expected timing of the NDA submission, and that we will be

able to successfully develop, obtain approval for and launch sales of

Rayaldee. Many factors could cause our actual activities or results to

differ materially from the activities and results anticipated in

forward-looking statements. These factors include those described in our

filings with the Securities and Exchange Commission, as well as risks

inherent in funding, developing and obtaining regulatory approvals of

new, commercially-viable and competitive products and treatments,

including the risks that the phase 3 clinical trials for Rayaldee may

not generate data that would support the approval or marketing of this

product for the indications being studied, that others may develop

products which are superior to Rayaldee, and that Rayaldee may not have

advantages or prove to be superior over presently marketed products,

including the currently used high monthly doses of prescription vitamin D 2 ,

activated vitamin D hormone and over-the-counter vitamin D supplements.

In addition, forward-looking statements may also be adversely affected

by general market factors, competitive product development, product

availability, federal and state regulations and legislation, the

regulatory process for new products and indications, manufacturing

issues that may arise, patent positions and litigation, among other

factors. The forward-looking statements contained in this press release

speak only as of the date the statements were made and we do not

undertake any obligation to update forward-looking statements. We intend

that all forward-looking statements be subject to the safe-harbor

provisions of the PSLRA.

OPKO Health, Inc.

Charles W. Bishop, 305-575-4100

Source: OPKO Health, Inc.

Released September 23, 2014

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