Rayaldee Phase 3 Trial Meets Primary Endpoints

OPKO Health (Ireland)

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August 11, 2014 4:15pm EDT

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Top-line Data from Second Identical Pivotal Phase 3 Trial Expected in

September 2014

New Drug Application (NDA) Submission to the U.S. FDA on Track for End

of 2014

MIAMI--(BUSINESS WIRE)--

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

from the first pivotal phase 3 trial of Rayaldee™. This trial is one 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 (SPA)

established with the United States (U.S.) Food and Drug Administration

(FDA) in August 2012.

“Top-line data from this study demonstrate 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, MD, Vice President of Clinical Research and Development

for OPKO’s Renal Division. “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 213 adult patients recruited from 39 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.

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 (p<0.001) 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.

“Rayaldee is designed to fill a void in the treatment armamentarium of

nephrologists and endocrinologists who care for pre-dialysis chronic

kidney disease patients,” commented Dr. Charles W. Bishop, CEO of OPKO’s

Renal Division. “Controlled trials have shown that over-the-counter and

prescription vitamin D supplements are ineffective in treating SHPT in

these patients and are, at best, unreliable in correcting vitamin D

insufficiency. On the other hand, vitamin D hormone drugs can

effectively treat SHPT but, due to high potency, often oversuppress PTH,

increasing the risk of adynamic bone disease and vascular calcification.

These hormone drugs are entirely ineffective in treating vitamin D

insufficiency, the underlying cause of SHPT in most pre-dialysis

patients. Rayaldee addresses a long-standing unmet need to safely

control SHPT by reliably correcting vitamin D insufficiency.”

“Physicians will embrace a product that does what we want, namely, treat

vitamin D insufficiency and gradually correct elevated PTH, without

safety concerns,” stated David A. Bushinsky, MD, Chief, Nephrology

Division, University of Rochester Medical Center. “Data from this first

pivotal trial indicate that Rayaldee may be such a product, and I look

forward to confirmation from the second identical trial.”

Top-line data from the second, identical pivotal phase 3 trial are

expected to be available in September 2014.

Patients completing the two pivotal trials are being treated, at their

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

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

the targeted level of 270 patients by May 2014 and 141 patients have

completed participation.

“Rayaldee is the lead candidate in a growing portfolio of products that

OPKO is developing in its Renal Division for global commercialization,”

explained Dr. Phillip Frost, Chairman and CEO of OPKO Health. “Rayaldee

provides an excellent solution to the problem of secondary

hyperparathyroidism associated with vitamin D insufficiency for more

than 4 million CKD patients in the U.S. and many more elsewhere.”

A New Drug Application (NDA) submission to the U.S. FDA is on track for

the end of 2014.

About Rayaldee™

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 4 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 eight 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 (SPA) 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™, its market potential, 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, 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 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 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.

Investor Relations

FTI Consulting

Barbara

Ryan, 212-850-5679

Managing Director

or

Media

Relations

Kimberly Ha, 212-850-5612

Senior Director

Source: OPKO Health, Inc.

Released August 11, 2014

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