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Novelos seeks approval to begin testing hepatitis drug in US

The FDA has accepted Novelos Therapeutics investigational new drug application which seeks approval for the company to begin human testing of its hepatitis C candidate, NOV-205.

The initial US-based phase Ib trial will evaluate NOV-205 as monotherapy for chronic hepatitis C genotype 1 patients who have failed pegylated interferon plus ribavirin therapy – the current standard of care for the disease.

NOV-205 is designed to act as a hepatoprotective agent with immunomodulating and anti-inflammatory properties. The drug has already approved regulatory approval in the Russian Federation based on clinical studies in hepatitis B and C patients in which NOV-205 greatly reduced or eliminated hepatitis viral levels for at least 30 days post treatment and significantly improved or normalized serum biochemical markers of liver damage. NOV-205 was well-tolerated in these studies.

The US-based phase Ib trial aims to expand the safety database for NOV-205 and assess its effects on the same key efficacy-related endpoints that showed improvement in the Russian studies.

“This is another significant and fundamental milestone for Novelos,” said Harry Palmin, president and CEO of Novelos. “In addition to being a phase III cancer company with NOV-002, Novelos has now commenced a US clinical development program with NOV-205 in chronic hepatitis C – an indication with a large patient population and a major unmet medical need. We plan to initiate this phase Ib trial by July 2006.”