OPKO Surpasses 50% Enrollment in First Phase 3 Trial of RayaldyTM (CTAP101 Capsules)

OPKO Health (Ireland)

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May 23, 2013 9:32am EDT

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MIAMI--(BUSINESS WIRE)--

OPKO Health, Inc. (NYSE: OPK), has surpassed 50% enrollment in the first

phase 3 trial of Rayaldy TM to treat patients

with secondary hyperparathyroidism (SHPT), stage 3 or 4 chronic kidney

disease (CKD) and vitamin D insufficiency. This trial is the first of

two identical randomized, double-blind, placebo controlled, multi-site

studies intended to establish the safety and efficacy of Rayaldy TM

as a new treatment for SHPT in the targeted population. The endpoints of

both studies, which will be conducted in parallel, include vitamin D

status and changes in serum calcium, serum phosphorus and plasma intact

parathyroid hormone (PTH).

Each of the phase 3 trials will involve 210 patients recruited at

approximately 40 sites in the U.S. These patients are being stratified

by CKD stage and randomized in a 2:1 fashion to receive six months of

treatment with either Rayaldy TM or placebo.

Dosing with Rayaldy TM is titrated, as

necessary, to achieve the desired blood concentration and the targeted

reduction in PTH.

“ Rayaldy TM is being developed as a much needed

and safer alternative to currently used activated vitamin D hormones,”

commented Dr. David Bushinsky, Chief of Nephrology at the University of

Rochester. “Activated vitamin D hormone therapy is problematic in CKD

patients with secondary hyperparathyroidism arising primarily from

vitamin D insufficiency since it further stimulates catabolism

(breakdown) of the available vitamin D stores and is often associated

with hypercalcemia, a side effect linked to vascular calcification.”

“Secondary hyperparathyroidism develops in CKD patients due to vitamin D

insufficiency or declining kidney function,” explained Joel Z. Melnick,

M.D., Vice President, Clinical Research and Development of OPKO’s Renal

Division. “Most CKD patients have insufficient stores of vitamin D due

to the abnormal upregulation of CYP24, an enzyme which specifically

destroys vitamin D and its metabolites. Many recent studies in CKD

patients have demonstrated that over-the-counter and presently available

prescription vitamin D supplements cannot reliably raise blood vitamin D

prohormone levels or effectively treat SHPT. In contrast, our phase 2b

trial has demonstrated that Rayaldy TM

effectively and safely treats both SHPT and the underlying vitamin D

insufficiency.”

About Rayaldy TM

Rayaldy TM is a first-in-class vitamin D

prohormone treatment being developed for SHPT in stage 3 and 4 CKD

patients with 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 the product by the kidney is

tightly regulated, preventing excessive elevation of serum calcium and

related side effects which encumber current vitamin D hormone therapies

and promote vascular and renal calcification. Once approved, Rayaldy TM

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.

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 eight million patients

with moderate (stages 3 and 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

prohormones, collectively 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.

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 hormones 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.

About OPKO Health, Inc.

OPKO is a multi-national biopharmaceutical and diagnostics company that

seeks to establish industry-leading positions in large and rapidly

growing medical markets by leveraging our discovery, development and

commercialization expertise and our novel and proprietary technologies.

For more information, visit http://www.opko.com

or contact Steven D. Rubin or Juan F. Rodriguez at 305-575-4100.

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. 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 enrollment of patients for or the

results of the Phase 3 clinical trials for Rayaldy TM

may not be completed on a timely basis or at all, may not be successful

or achieve the expected results or effectiveness, and 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 Rayaldy TM , and that Rayaldy TM

may not have advantages over presently marketed products, including the

currently used activated vitamin D hormone and over-the-counter and

prescription 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.

Steven D. Rubin or Juan F. Rodriguez, 305-575-4100

Source: OPKO Health, Inc.

Released May 23, 2013

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